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The suburban housing market: The effects of city and suburban job growth

The Business review (Philadelphia), 1996-11, p.13

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Title:
The suburban housing market: The effects of city and suburban job growth
Author: Voith, Richard
Subjects: Central business districts ; Costs ; Economic growth ; Economic impact ; Economists ; Employment ; Housing developments ; Housing prices ; Job creation ; Studies ; Suburban areas
Is Part Of: The Business review (Philadelphia), 1996-11, p.13
Description: An analysis of the relationship between the housing market and employment growth indicates that while employment growth increases the value of real estate assets, all suburban residents do not share equally in the increase. Older, developed suburbs and suburban fringe communities do not have common interests, at least in terms of the patterns of economic growth and their effect on the housing market. Decentralized job growth increases the value of land on the urban fringe, and owners of agricultural land and developers are the prime beneficiaries. Centralized job growth, on the other hand, enhances property values in existing communities, and unfortunately, a decline in decentralized jobs reduces the value of these properties.
Publisher: Philadelphia: Federal Reserve Bank of Philadelphia
Language: English
Identifier: ISSN: 0007-7011
EISSN: 2163-4440
CODEN: FRBPBN
Source: AUTh Library subscriptions: ProQuest Central
Alma/SFX Local Collection

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