The Effect of Group Homes on Neighborhood Property Values
研究美国伊利诺伊州杜佩奇县七个集体住宅社区，发现集体住宅的建立公告会导致邻近房产价值下降，模型首次考虑了不同社区的房价水平和增值率差异。
The majority of studies examining the impact of group homes on neighborhood property values have found that group homes do not adversely effect property values. In our study of seven group homes neighborhoods in DuPage County, Illinois, we find that properties which are proximate to group homes experience a decline in value following the announcement of a group home's pending establishment. In our analysis, observations across time and space are incorporated into a format that is similar to an event study. Our model is the first in this literature to accommodate different price levels and appreciation rates across neighborhoods.