Filtering to Affordable: Does Multifamily Housing Become More Affordable as It Ages?

References

• Baum-Snow, N., & Marion, J. (2009). The effects of low income housing tax credit development on neighborhoods. Journal of Public Economics, 93(5–6), 654–666. https://doi.org/10.1016/j.jpubeco.2009.01.001
   Google Scholar
• Braid, R. M. (1981). The short-run comparative statics of a rental housing market. Journal of Urban Economics, 10(3), 286–310. https://doi.org/10.1016/0094-1190(81)90002-4
   Web of Science ®Google Scholar
• Colburn, G., & Allen, R. (2018). Rent burden and the Great Recession in the USA. Urban Studies, 55(1), 226–243. https://doi.org/10.1177/0042098016665953
   Web of Science ®Google Scholar
• Coulson, N. E., & Bond, E. W. (1990). A hedonic approach to residential succession. The Review of Economics and Statistics, 72(3), 433–444. https://doi.org/10.2307/2109351
   Web of Science ®Google Scholar
• Croissant, Y., & Millo, G. (2008). Panel data econometrics in R: The plm package. Journal of Statistical Software, 27(1), 1–43. https://doi.org/10.18637/jss.v027.i02
   Google Scholar
• Downs, A. (1969). Housing the urban poor: The economics of various strategies. American Economic Review, 59(4), 646–651.
   Web of Science ®Google Scholar
• Ellen, I. G., & Horn, K. M. (2018). Points for place: Can state governments shape siting patterns of low-income housing tax credit developments? Housing Policy Debate, 28(5), 727–745. https://doi.org/10.1080/10511482.2018.1443487
   Web of Science ®Google Scholar
• Ellen, I. G., Horn, K. M., & Kuai, Y. (2018). Gateway to opportunity? Housing Policy Debate, 28(4), 572–591. https://doi.org/10.1080/10511482.2017.1413584
   Web of Science ®Google Scholar
• Eriksen, M. D., & Lang, B. J. (2020). Overview and proposed reforms of the low income housing tax credit program. Regional Science and Urban Economics, 80, 103379. https://doi.org/10.1016/j.regsciurbeco.2018.07.002
   Google Scholar
• Fisher, J., Smith, B., Jerrold, S., & Webb, R. (2005). Analysis of economic depreciation of multi-family property. Journal of Real Estate Research, 27(4), 355–369. https://doi.org/10.1080/10835547.2005.12091165
   Google Scholar
• Fisher, E. M., & Winnick, L. (1951). A reformulation of the “filtering” concept. Journal of Social Issues 7, 7(1-2), 47–58. https://doi.org/10.1111/j.1540-4560.1951.tb02221.x
   Web of Science ®Google Scholar
• Gabriel, S., & Painter, G. (2020). Why affordability matters. Regional Science and Urban Economics, 80, 103378. https://doi.org/10.1016/j.regsciurbeco.2018.07.001
   Google Scholar
• Galster, G. (1996). William Grigsby and the analysis of housing sub-markets and filtering. Urban Studies, 33(10), 1797–1806. https://doi.org/10.1080/0042098966376
   Web of Science ®Google Scholar
• Grigsby, W. (1963). Housing markets and public policy. University of Pennsylvania Press.
   Google Scholar
• Goodman, J. (2018). The changing demography of multifamily rental housing. Housing Policy Debate, 10(1), 31–57. https://doi.org/10.1080/10511482.1999.9521326
   Google Scholar
• Housing and Urban Development. (2020). Affordable housing. Retrieved March 16, 2020, from https://www.hud.gov/program_offices/comm_planning/affordablehousing/
   Google Scholar
• Ioannides, Y. (1987). Residential mobility and housing tenure choice. Regional Science and Urban Economics, 17(2), 265–287. https://doi.org/10.1016/0166-0462(87)90050-0
   Web of Science ®Google Scholar
• Jensen, J. (2018a). In the pipeline: A look at the affordable housing crisis. Housingwire.com. Retrieved September 15, 2018, from https://www.housingwire.com/articles/43422-in-the-pipeline-a-look-at-the-affordable-housing-crisis
   Google Scholar
• Jensen, J. (2018b). NAHB: Multifamily demand remains strong despite supply issues. Housingwire.com. Retrieved September 15, 2018, from https://www.housingwire.com/articles/43422-in-the-pipeline-a-look-at-the-affordable-housing-crisis
   Google Scholar
• Joice, P. (2014). Measuring housing affordability. Cityscape, 16(1), 299–308.
   Google Scholar
• Kim, J., Ching, H., & Blanco, A. G. (2013). The suburbanization of decline: Filtering, neighborhoods, and housing market dynamics. Journal of Urban Affairs, 35(4), 435–450. https://doi.org/10.1111/j.1467-9906.2012.00641.x
   Web of Science ®Google Scholar
• Liu, L., McManus, D. A., & Yannopoulos, E. (2020). Geographic and temporal variation in housing filtering rates. http://dx.doi.org/10.2139/ssrn.3527800
   Google Scholar
• Lowry, I. S. (1960). Filtering and housing standards: A conceptual analysis. Land Economics, 36(4), 362. https://doi.org/10.2307/3144430
   Web of Science ®Google Scholar
• Malpezzi, S., & Green, R. (1996). What has happened to the bottom of the US housing market? Urban Studies, 33(10), 1807–1820. https://doi.org/10.1080/0042098966385
   Web of Science ®Google Scholar
• Margolis, S. E. (1982). Depreciation of housing: An empirical consideration of the filtering hypothesis. The Review of Economics and Statistics, 64(1), 90–96. https://doi.org/10.2307/1937947
   Web of Science ®Google Scholar
• Mast, E. (2019). The effect of new market-rate housing construction on the low-income housing market [Policy brief]. W.E. Upjohn Institute for Employment Research.
   Google Scholar
• Ohls, J. C. (1975). Public policy toward low income housing and filtering in housing markets. Journal of Urban Economics, 2(2), 144–171. https://doi.org/10.1016/0094-1190(75)90044-3
   Web of Science ®Google Scholar
• Rosenthal, S. S. (2014). Are private markets and filtering a viable source of low-income housing? Estimates from a “repeat income” model. American Economic Review, 104(2), 687–706. https://doi.org/10.1257/aer.104.2.687
   Web of Science ®Google Scholar
• Salviati, C. (2018). What can old housing tell us about the future of affordability? Rentonomics (blog), September 6. Retrieved March 16, 2020, from https://www.apartmentlist.com/rentonomics/older-buildings-losing-affordability/
   Google Scholar
• Schall, L. D. (1981). Commodity chain systems and the housing market. Journal of Urban Economics, 10(2), 141–163. https://doi.org/10.1016/0094-1190(81)90011-5
   Web of Science ®Google Scholar
• Sweeney, J. L. (1974a). A commodity hierarchy model of the rental housing market. Journal of Urban Economics, 1(3), 288–323. https://doi.org/10.1016/0094-1190(74)90010-2
   Web of Science ®Google Scholar
• Sweeney, J. L. (1974b). Quality, commodity hierarchies, and housing markets. Econometrica, 42(1), 147–167. https://doi.org/10.2307/1913691
   Web of Science ®Google Scholar
• Weicher, J. C., & Thibodeau, T. G. (1988). Filtering and housing markets: An empirical analysis. Journal of Urban Economics, 23(1), 21–40. https://doi.org/10.1016/0094-1190(88)90003-4
   Web of Science ®Google Scholar
• White, H. C. (1971). Multipliers, vacancy chains, and filtering in housing. Journal of the American Institute of Planners, 37(2), 88–94. https://doi.org/10.1080/01944367108977362
   Web of Science ®Google Scholar
• Wolverton, M. L., Hardin, W. G., & Cheng, P. (1999). Disaggregation of local apartment markets by unit type. The Journal of Real Estate Finance and Economics, 19(3), 243–257. https://doi.org/10.1023/A:1007884628153
   Web of Science ®Google Scholar
• Wooldridge, J. (2020). Introductory econometrics: A modern approach (7th ed.). Cengage.
   Google Scholar