Single-family Housing
&
Green Property
How the single-family residence housing market capitalizes green property upgraded features: evidence from city of Austin.
Housing Unit Density in Austin
Abstract
Purpose – By comparing regression models, this study aims to
analyze the added home value of green sustainability features
and green efficiency characteristics, rather than green certifications,
in the city of Austin. Design/methodology/approach – The adoption
of home green energy efficiency upgrades has emerged as a new
trend in the real estate industry, offering several benefits to builders
and home buyers. These include tax reductions, health improvements
and energy savings. Previous studies have shown that energy-certified
single-family homes command a premium in the marketplace.
However, the literature is limited in its analysis of the effects of green
upgrades and certification on different types of single-family homes.
To address this gap, this research collected data from 21,292 multiple
listing services (MLS) closed home-selling listings in Austin, Texas, over
a period of 35 months.
Keywords: Sustainability, Housing markets, Residential property
Team
Junfeng Jiao
Department of Community and
Regional Planning,
The University of Texas at Austin,
Austin, Texas, USA
Xiaohan Wu
Department of Marketing,
The University of Texas at Austin,
Austin Texas, USA
Yefu Chen
Department of Community and
Regional Planning,
The University of Texas at Austin,
Austin, Texas, USA, and
Arya Farahi
Department of Statistics and Data
Science,
The University of Texas at Austin,
Austin, Texas, USA
Press
The material on this
website can be used
freely in any publication
provided that:
1. It is duly credited as a
project by the UT Austin
Urban Info Lab
2. A PDF copy of the
publication is sent to
jjiao@austin.utexas.edu
All authors reviewed the
results and approved the
final version of the
manuscript
jessicawu98@utexas.edu
Accessibility.