2026-09-21T05:12:32Zhttps://dspace.mit.edu/server/oai/requestoai:dspace.mit.edu:1721.1/297712022-01-13T07:54:44Zcom_1721.1_7582com_1721.1_7581col_1721.1_131023
Henry O. Pollakowski.
Valenta, Jay, 1969-
Massachusetts Institute of Technology. Dept. of Urban Studies and Planning.
Massachusetts Institute of Technology. Department of Urban Studies and Planning
n-us-ma
2006-03-24T16:23:55Z
2006-03-24T16:23:55Z
2003
http://hdl.handle.net/1721.1/29771
54755012
Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 2003.
"September 2003."
Includes bibliographical references (leaves 29-30).
Developers and investors commonly target neighborhoods close to the urban core and with low median incomes as potential growth markets. Investments in these areas however are often perceived by private sector capital as being high risk and low return. An understanding of the predictors of investment volatility and return is critical to investors and homeowners who wish to maximize investment returns and portfolio growth. Moreover, for mortgage lenders who are obligated to invest in a wide spectrum of communities, volatilities in house prices may affect the distribution of their collateral values, the probability of default, and the profitability of lending in certain areas. This paper addresses the following questions: Does appreciation return and volatility in metropolitan house prices vary significantly among zip code areas? Can the variation in appreciation return and volatility among these areas be explained by additional data? This paper uses appreciation and volatility statistics calculated from a repeat sale index of house prices in metropolitan Boston compiled biannually by Case Schiller Weiss (CSW) as well as data gathered from the 2000 U.S. Census and the 1997 Economic Census.
by Jay Valenta.
S.M.
30 leaves
1259841 bytes
1259650 bytes
application/pdf
application/pdf
eng
Massachusetts Institute of Technology
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http://dspace.mit.edu/handle/1721.1/7582
Urban Studies and Planning.
Micro-level return and volatility drivers in Boston's single family home market
Thesis
application/pdf
Publication
unknown
unknown
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<Abstract>Developers and investors commonly target neighborhoods close to the urban core and with low median incomes as potential growth markets. Investments in these areas however are often perceived by private sector capital as being high risk and low return. An understanding of the predictors of investment volatility and return is critical to investors and homeowners who wish to maximize investment returns and portfolio growth. Moreover, for mortgage lenders who are obligated to invest in a wide spectrum of communities, volatilities in house prices may affect the distribution of their collateral values, the probability of default, and the profitability of lending in certain areas. This paper addresses the following questions: Does appreciation return and volatility in metropolitan house prices vary significantly among zip code areas? Can the variation in appreciation return and volatility among these areas be explained by additional data? This paper uses appreciation and volatility statistics calculated from a repeat sale index of house prices in metropolitan Boston compiled biannually by Case Schiller Weiss (CSW) as well as data gathered from the 2000 U.S. Census and the 1997 Economic Census.</Abstract>
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