Winter 1979, Vol 4, No 2

Abstract: The lack of research on the association between price changes and the characteristics of a home motivated this article. Here the relationships between the attributes of a home (age, size, amenities) and the price change in the unit over time are compared between the more “luxurious unit” and the smaller, less well-appointed house. In these days of a relatively unstable economy, the findings report that the price of a “better” unit is more sensitive to general housing conditions and the less-luxurious unit has greater stability across the upturns and downturns of the market.