Housing market resilience: Neighbourhood and metropolitan factors explaining resilience before and after the US housing crisis (Record no. 11544)
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| fixed length control field | 02403nab a2200253 4500 |
| 005 - DATE & TIME | |
| control field | 20210319161046.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 210319b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Wang, Kyungsoon |
| 245 ## - TITLE STATEMENT | |
| Title | Housing market resilience: Neighbourhood and metropolitan factors explaining resilience before and after the US housing crisis |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Name of publisher, distributor, etc | Sage, |
| Date of publication, distribution, etc | 2019. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Pages | Vol 56, Issue 13, 2019,(2688-2708 p.) |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | The advent of the millennium witnessed unparalleled volatility in the housing market, a cycle of bust and recovery to which some US neighbourhoods were resilient and others not. Most planning scholars interested in resilience have paid little attention to examining the resilience of the housing market to economic shocks at the neighbourhood level across the USA. Using cluster analysis and hierarchical linear models, together with changes in housing prices, this study examines patterns and drivers explaining neighbourhood resilience within the context of metropolitan housing markets over periods of housing boom, bust, and recovery. Findings suggest that neighbourhood and metropolitan factors associated with housing market resilience varied across space and time: housing and mortgage market conditions affected neighbourhood recovery in the relatively short term while most urban form variables affected recovery over the long term. In addition, the associations and recovery patterns varied among the types of metropolitan areas, showing that neighbourhoods in strong markets had more drivers of resilience and reverted to their original status more quickly than those in weak markets, highlighting the growth of regional housing disparity during the housing recovery. Across the nation, however, home values in neighbourhoods that experienced more extreme periods of boom and bust underwent short-lived depreciation during the recession but long-term appreciation. This study should help policy makers establish sound policies that stabilise neighbourhoods and prevent future downturns. |
| 650 ## - Subject | |
| Subject | housing, |
| 650 ## - Subject | |
| Subject | neighbourhood, |
| 650 ## - Subject | |
| Subject | planning, |
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| Subject | policy, |
| 650 ## - Subject | |
| Subject | recovery, |
| 650 ## - Subject | |
| Subject | resilience |
| 773 0# - HOST ITEM ENTRY | |
| Host Biblionumber | 11188 |
| Host Itemnumber | 15499 |
| Place, publisher, and date of publication | sage, 2019. |
| Title | Urban studies |
| 856 ## - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | https://doi.org/10.1177/0042098018800435 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | Articles |
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| 650 ## - Subject | |
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