Home Value Trends In Utah
The next time you step outside your home, you might want to take a closer look at your property’s landscaping and hardscaping. A recent study from Clever Real Estate, a St. Louis-based platform that matches homebuyers with agents, found the prospect of new cannabis industry jobs brings residents to town, driving up home values in cities that allow recreational marijuana dispensaries.
These findings were reinforced at the national level in another working paper in SSRN, which used American Community Survey data to find that with each 10 percent increase in Airbnb listings in a U.S. ZIP code, there was a42 percent increase in rental prices, and a76 percent increase in house prices.
The (unweighted) mean and median of the 14 house price indices are shown in Figure 1. Adjusted by the consumer price index, house prices in the early 21st century are well above their late 19th-century level, and increased …