Baltimore Ecosystem Study Institute of Ecosystem Studies

2016 BES Annual Meeting Presentation and Poster Abstracts



 
Spatial spillovers and housing reinvestment in Baltimore.
 
Irwin, Elena
Co-Authors: Nicholas Irwin

 
Abstract: Despite the importance of neighborhood socio-demographic characteristics in urban reinvestment models, the role of neighboring property-level reinvestment on nearby homeowners is largely understudied. Using a spatially explicit data set from 2005-2008 from Baltimore, Maryland, we model the effect of previous neighboring property-level activity i.e. housing renovations and demolitions on the decision to renovate a house in the current period while controlling for underlying spatial correlation within the neighborhood. We find that an additional neighboring renovation increases the likelihood of a new renovation by between 1.8 and 7.4 percent with an additional housing demolition increasing the likelihood of renovation by 3.0 to 4.7 percent. We also find this effect is consistent across varying neighborhood sizes.