Measuring House Prices: Going Local With Indices, Cycles, and Modeling

The 1980’s saw a period of migration towards the suburbs, but recent evidence suggests that the preference for city living is reviving. The economic literature suggests that as housing location moves towards the city center, house prices become more expensive, other factors being equal. With increasing demand for urban housing, there is pressure for prices to increase closer to the center of the city. How steeply do prices increase as one moves closer to the inner city?

In this presentation, Dr. Will Doerner presents how prices changed from 1990—2015 at the city, county, and zip code level.