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- Title
Are Land Values Rising or Falling?
- Authors
Williams, Percy R.
- Abstract
The article reports on real estate values in United States. Certainly the relationship between land values and population trends remains constant, so that it is natural to expect to see land values growing in newly developed areas to a much greater degree than would be the case in the older urban communities. It is common knowledge, of course, that land values dropped sharply during the Great Depression, when all values were seriously affected. It is also well known that during recent prosperous years land values have been making remarkable gains in some areas. At least it would so appear from a superficial view of the figures reported from time to time. Land speculation is still with them, major public improvements produce quick profits for land investors, suburban land prices are rising sharply. Assessed valuations are the best available source of statistical information on both land and building values, especially when supplemented by fairly reliable estimates of the ratio that the assessments bear to prevailing market values. Fortunately for this purpose, a large majority of the cities and towns are now able to report total land values as distinct from total real estate values.
- Subjects
UNITED States; REAL property; LAND economics; METROPOLITAN areas; LAND use; LAND speculation; REAL estate investment
- Publication
American Journal of Economics & Sociology, 1963, Vol 22, Issue 4, p533
- ISSN
0002-9246
- Publication type
Article
- DOI
10.1111/j.1536-7150.1963.tb00923.x