The Changing Nature of Housing Markets in Upstate New York
The rapid rate of land development across the US. leads to what is commonly referred to as residential sprawl. This article reviewed issues related to rural residential sprawl and the forces behind it, including the role of home buyer preferences. A sample of 63,196 home sale transactions that occurred between 1998 and 2005 in the Rochester, New York housing market comprised the data set for a hedonic pricing analysis that included open space variables within the vectors of housing characteristics. Results from the analysis indicated that household preferences for more living space, site acreage, and proximity to open space were among the driving forces for residential sprawl in this housing market.
Laquatra, Joseph, Rolf Pendall, David L. Kay, et al. 2007. "The Changing Nature of Housing Markets in Upstate New York." Housing and Society 34(1): 65-75.
Taylor & Francis
Housing and Society