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Home and Gasoline Prices: U.S. and Las Vegas

In their new paper, “Do Gasoline Prices Affect Residential Property Values?,” Adele Morris and Helen R. Neill estimate the effect of gasoline prices on home values and explores the degree to which the relationship varies across a city. Using data from 930,702 home sales in Clark County, Nevada, from 1976 through 2010, they find that gasoline prices have significantly different effects on the sales price of homes in different neighborhoods.
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