publication . Article . 2015

Triskaidekaphobia and North American Residential Real Estate Prices

James E. Larsen;
Open Access
  • Published: 01 Jan 2015
Abstract
A previous study led its authors to conclude that superstition impacts price formation for single-family dwellings in the Vancouver area. Houses there with an address that ends in the ¡§unlucky¡¨ number 13 are found to sell at a discount compared to otherwise similar houses. The primary objective of this study is to determine whether the previous results apply in another North American housing market. Hedonic regression is applied to single-family house transactions that occurred in Montgomery County, Ohio, to determine if houses with an address of 13 sold for different prices than houses that comprise the remainder of the sample. The same test is then conducted...
Subjects
free text keywords: Superstition, North America, Housing Prices, International Housing Markets, Hedonic Regression, Triskaidekaphobia, jel:L85
Related Organizations

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