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Between 1990 and 2015, house price gradients within large cities steepen, documenting a reversal of decades of increasing relative desirability of suburban locations. Real house prices are more likely to be nonstationary near the centers of large cities. Within-city differences in house price appreciation at the ZIP code level are, on average, about half of between-city differences, though this ratio varies depending on the time period and city size.</jats:p>", "DOI": "10.2139/ssrn.5021693", "type": "posted-content", "created": {"date-parts": [[2024, 12, 13]], "date-time": "2024-12-13T12:57:52Z", "timestamp": 1734094672000}, "source": "Crossref", "is-referenced-by-count": 0, "title": ["Local House Price Dynamics: New Indices and Stylized Facts"], "prefix": "10.2139", "author": [{"ORCID": "https://orcid.org/0000-0003-1553-9554", "authenticated-orcid": true, "given": "Alexander", "family": "Bogin", "sequence": "first", "affiliation": [], "role": [{"vocabulary": "crossref", "role": "author"}]}, {"ORCID": "https://orcid.org/0000-0002-8082-2359", "authenticated-orcid": true, "given": "William M.", "family": "Doerner", "sequence": "additional", "affiliation": [], "role": [{"vocabulary": "crossref", "role": "author"}]}, {"given": "William", "family": "Larson", "sequence": "additional", "affiliation": [], "role": [{"vocabulary": "crossref", "role": "author"}]}], "member": "78", "reference": [{"key": "ref1", "doi-asserted-by": "crossref", "DOI": "10.4159/harvard.9780674730854", "author": "W Alonso", "year": "1964", "journal-title": "Location and Land Use: Toward a General Theory of Land Rent"}, {"issue": "304", "key": "ref2", "doi-asserted-by": "crossref", "first-page": "652", "DOI": "10.1080/01621459.1963.10480679", "article-title": "A Regression Method for Real Estate Price Index Construction", "volume": "58", "author": "M J Bailey", "year": "1963", "journal-title": "Journal of the American Statistical Association"}, {"issue": "1", "key": "ref3", "doi-asserted-by": "crossref", "first-page": "54", "DOI": "10.1006/juec.2001.2237", "article-title": "Why Do Gay Men Live in San Francisco", "volume": "51", "author": "D Black", "year": "2002", "journal-title": "Journal of Urban Economics"}, {"issue": "1", "key": "ref4", "doi-asserted-by": "crossref", "first-page": "46", "DOI": "10.2307/3146655", "article-title": "Tests of Locational Equilibrium in the Standard Urban Model", "volume": "63", "author": "D M Blackley", "year": "1987", "journal-title": "Land Economics"}, {"key": "ref5", "first-page": "821", "article-title": "Missing the Mark: House Price Index Accuracy and Mortgage Credit Modeling. 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