A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Effects of race on property values: The case of Dallas
Conclusions This study was undertaken to test whether race has a significant effect on property values. We have assumed that the price paid for a housing unit is a function of its assessed value and either the race of the buyer (Model I) or the race of both buyer and seller and the state of the housing market (Model II). On the basis of these models, the evidence from our sample is that (1) blacks have a positive influence on housing prices and (2) the races of both buyer and seller and the state of the housing market are significant in explaining housing prices. The results obtained, of course, pertain only to Dallas an may be peculiar to the particular time period used. The black population of Dallas increased from 19% in 1960 to 25% in 1970. The rapid increase in black population, if taken as a fairly accurate measure of increase in housing demand, indicates a relatively large increase in black housing demand during the period. In addition the two black areas provided the first major supply of middle-income housing to blacks in the southern half of the city--easing the suppressed demand for black middle-income housing. These two factors help to explain how black demand (25% of the population) was able to more than make up for the loss of white demand (75% of the population) in the areas studied. Another factor which may have affected the results was the unstable Dallas housing market during the 1960's. The market fluctuated between oversupply and undersupply rather than reaching equilibrium.
Effects of race on property values: The case of Dallas
Conclusions This study was undertaken to test whether race has a significant effect on property values. We have assumed that the price paid for a housing unit is a function of its assessed value and either the race of the buyer (Model I) or the race of both buyer and seller and the state of the housing market (Model II). On the basis of these models, the evidence from our sample is that (1) blacks have a positive influence on housing prices and (2) the races of both buyer and seller and the state of the housing market are significant in explaining housing prices. The results obtained, of course, pertain only to Dallas an may be peculiar to the particular time period used. The black population of Dallas increased from 19% in 1960 to 25% in 1970. The rapid increase in black population, if taken as a fairly accurate measure of increase in housing demand, indicates a relatively large increase in black housing demand during the period. In addition the two black areas provided the first major supply of middle-income housing to blacks in the southern half of the city--easing the suppressed demand for black middle-income housing. These two factors help to explain how black demand (25% of the population) was able to more than make up for the loss of white demand (75% of the population) in the areas studied. Another factor which may have affected the results was the unstable Dallas housing market during the 1960's. The market fluctuated between oversupply and undersupply rather than reaching equilibrium.
Effects of race on property values: The case of Dallas
Mullendore, Walter E. (author) / Cooper, Kathleen M. (author)
1972
Article (Journal)
English
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