166
Views
2
CrossRef citations to date
0
Altmetric
Research Article

“Fix it with Green:” The Valuation Impact of Green Retrofits on Residential Transaction Price

, &
Pages 142-162 | Received 04 Feb 2019, Accepted 30 Jun 2020, Published online: 07 Oct 2021

References

  • Aroul, R., & Hansz, J. A. (2011). The Role of dual-pane windows and improvement age in explaining residential property values. Journal of Sustainable Real Estate, 3(1), 142–161.
  • Aroul, R., & Hansz, J. A. (2012). The value of “green:” Evidence from the first mandatory residential green building program. Journal of Real Estate Research, 34(1), 27–49.
  • Aroul, R., & Hansz, J. A. (2014). The valuation impact on distressed residential transactions: Anatomy of a housing price bubble. The Journal of Real Estate Finance and Economics, 49(2), 277–302.
  • Aroul, R., & Rodriguez, M. (2017a). Obtaining better sustainability data for hedonic analysis. Journal of Real Estate Literature, 25(2), 427–443.
  • Aroul, R., & Rodriguez, M. (2017b). The increasing value of green for residential real estate. Journal of Sustainable Real Estate, 9(1), 112–130.
  • Asabere, P. K., Huffman, F. E., & Mehdiany, S. (1992). The price effects of cash versus mortgage transactions. Real Estate Economics, 20(1), 141–154.
  • Asabere, P. K., Huffman, F. E., & Rutherford, R. C. (2015). The discounts associated with cash deals in the foreclosed home submarket. Journal of Housing Research, 24(2), 163–174.
  • Benefield, J. D., Hefner, F., & Hollans, H. (2019). Green certifications in residential real estate: Discounted cost savings or name recognition? Journal of Real Estate Literature, 27(2), 143–158.
  • Bently, L., Glick, S., & Strong, K. (2015). Appraising sustainable building features: A Colorado case study. Journal of Sustainable Real Estate, 7(1), 112–133.
  • Bloom, B., Nobe, M. E., & Nobe, M. (2011). Valuing green home designs: A study of ENERGY STAR® homes. Journal of Sustainable Real Estate, 3(1), 109–126.
  • Bond, S. A., & Devine, A. (2016). Certification matters: Is green talk cheap talk? The Journal of Real Estate Finance and Economics, 52(2), 117–140.
  • Brounen, D., & Kok, N. (2011). On the economics of energy labels in the housing market. Journal of Environmental Economics and Management, 62(2), 166–179.
  • Clauretie, T. M., & Daneshvary, N. (2009). Estimating the house foreclosure discount corrected for spatial price interdependence and endogeneity of marketing time. Real Estate Economics, 37(1), 43–67.
  • Costa, D. L., & Kahn, M. E. (2011). Electricity consumption and durable housing: Understanding cohort effects. American Economic Review, 101(3), 88–92.
  • Das, P., & Wiley, J. A. (2014). Determinants of premia for energy-efficient design in the office market. Journal of Property Research, 31(1), 64–86.
  • Dinan, T. M., & Miranowski, J. A. (1989). Estimating the implicit price of energy efficiency improvements in the residential housing market: A hedonic approach. Journal of Urban Economics, 25(1), 52–67.
  • Eichholtz, P., Kok, N., & Quigley, J. M. (2013). The economics of green building. Review of Economics and Statistics, 95(1), 50–63.
  • Fik, T. J., Ling, D. C., & Mulligan, G. F. (2003). Modeling spatial variation in housing prices: A variable interaction approach. Real Estate Economics, 31(4), 623–646.
  • Fuerst, F., & McAllister, P. (2009). An investigation of the effect of eco-labeling on office occupancy rates. Journal of Sustainable Real Estate, 1(1), 49–64.
  • Fuerst, F., & McAllister, P. (2011). Green noise or green value? Measuring the effects of environmental certification on office values. Real Estate Economics, 39(1), 45–69.
  • Goodman, J. (1993). A housing market matching model of the seasonality in geographic mobility. Journal of Real Estate Research, 8(1), 117–137.
  • Goodwin, K. (2011). The demand for green housing amenities. Journal of Sustainable Real Estate, 3(1), 127–141.
  • Goodwin, K., Waller, B. D., & Weeks, H. S. (2014). The impact of broker vernacular in residential real estate. Journal of Housing Research, 23(2), 143–161.
  • Goodwin, K. R., Waller, B. D., & Weeks, H. S. (2018). Connotation and textual analysis in real estate listings. Journal of Housing Research, 27(2), 93–106.
  • Kahn, M. E., & Kok, N. (2014). The capitalization of green labels in the California housing market. Regional Science and Urban Economics, 47, 25–34.
  • Kennedy, P. E. (1981). Estimation with correctly interpreted dummy variables in semilogarithmic equations. American Economic Review, 71(4), 801.
  • Kok, N., Miller, N., & Morris, P. (2012). The economics of green retrofits. Journal of Sustainable Real Estate, 4(1), 4–22.
  • Lusht, K., & Hansz, J. A. (1994). Some further evidence on the price of mortgage contingency clauses. Journal of Real Estate Research, 9(2), 213–217.
  • Miller, N., Spivey, J., & Florance, A. (2008). Does green pay off? Journal of Real Estate Portfolio Management, 14(4), 385–400.
  • Nowak, A. D., Price, B. S., & Smith, P. S. (2019). Real estate dictionaries across space and time. The Journal of Real Estate Finance and Economics, 62(1), 139–163.
  • Quint, R. (2016). Housing Preferences Across Generations (Part I). Eye on Housing.
  • Sanderford, A. R., Koebel, C. T., & McCoy, A. P. (2015). Establishing the framework for the green housing information chasm: A critical review of the literature. Journal of Real Estate Literature, 23(1), 27–52.
  • Wiley, J. A., Benefield, J. D., & Johnson, K. H. (2010). Green design and the market for commercial office space. The Journal of Real Estate Finance and Economics, 41(2), 228–243.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.