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Journal of Housing Research Volume 31, 2022 - Issue 1
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Articles

Earthquakes and Home Prices: The Napa and Ridgecrest Quakes

James H. Junga Department of Economics, Case Western Reserve University, Cleveland, OH, USA
&
Gary Smithb Department of Economics, Pomona College, Claremont, CA, USACorrespondence[email protected]
Pages 74-87 | Received 04 Mar 2021, Accepted 29 Jul 2021, Published online: 13 Dec 2021
 
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Abstract

A comparison of residential home sales six months before and after the 2014 South Napa and 2019 Ridgecrest earthquake sequences shows that prices dropped substantially, and that the effects on individual home prices were directly related to the intensity with which the earthquakes were felt at the location of each home.

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