The baseline models
| Variables | (1) | (2) | (3) |
|---|---|---|---|
| lnPrice | lnPrice | lnPrice | |
| lnRent(t – 3) | 0.3490*** | ||
| (57.17) | |||
| lnRent(t – 6) | 0.3761*** | ||
| (60.92) | |||
| lnRent(t – 12) | 0.3888*** | ||
| (60.59) | |||
| WlnPrice | 0.1102*** | 0.1101*** | 0.1089*** |
| (12.48) | (12.58) | (12.52) | |
| lnBedroom | 0.1413*** | 0.1471*** | 0.1498*** |
| (27.63) | (28.88) | (29.36) | |
| lnLivingroom | 0.0979*** | 0.0988*** | 0.0984*** |
| (14.77) | (14.96) | (14.90) | |
| lnBathroom | 0.0910*** | 0.0882*** | 0.0872*** |
| (7.59) | (7.37) | (7.26) | |
| lnSize | −0.3834*** | −0.3981*** | −0.4051*** |
| (−44.15) | (−45.87) | (−46.35) | |
| lnAge | −0.0843*** | −0.0795*** | −0.0760*** |
| (−22.05) | (−20.81) | (−19.90) | |
| School_District | 0.0185*** | 0.0175*** | 0.0176*** |
| (6.41) | (6.11) | (6.16) | |
| lnD_Center | −0.1469*** | −0.1394*** | −0.1358*** |
| (−31.51) | (−29.95) | (−29.24) | |
| lnD_Subway | −0.0183*** | −0.0164*** | −0.0156*** |
| (−8.26) | (−7.48) | (−7.15) | |
| lnD_Business | −0.0097*** | −0.0083*** | −0.0075*** |
| (−4.94) | (−4.26) | (−3.89) | |
| Constant | 8.9731*** | 8.7739*** | 8.6906*** |
| (78.81) | (77.11) | (76.67) | |
| Control district fixed effects | Yes | Yes | Yes |
| Control monthly fixed effects | Yes | Yes | Yes |
| VIF | 2.99 | 2.99 | 3.00 |
| N | 20,213 | 20,213 | 20,213 |
| R-sq | 0.794 | 0.799 | 0.800 |
| Adj. R-sq | 0.794 | 0.798 | 0.800 |
| Variables | (1) | (2) | (3) |
|---|---|---|---|
| 0.3490 | |||
| (57.17) | |||
| 0.3761 | |||
| (60.92) | |||
| 0.3888 | |||
| (60.59) | |||
| 0.1102 | 0.1101 | 0.1089 | |
| (12.48) | (12.58) | (12.52) | |
| 0.1413 | 0.1471 | 0.1498 | |
| (27.63) | (28.88) | (29.36) | |
| 0.0979 | 0.0988 | 0.0984 | |
| (14.77) | (14.96) | (14.90) | |
| 0.0910 | 0.0882 | 0.0872 | |
| (7.59) | (7.37) | (7.26) | |
| −0.3834 | −0.3981 | −0.4051 | |
| (−44.15) | (−45.87) | (−46.35) | |
| −0.0843 | −0.0795 | −0.0760 | |
| (−22.05) | (−20.81) | (−19.90) | |
| 0.0185 | 0.0175 | 0.0176 | |
| (6.41) | (6.11) | (6.16) | |
| −0.1469 | −0.1394 | −0.1358 | |
| (−31.51) | (−29.95) | (−29.24) | |
| −0.0183 | −0.0164 | −0.0156 | |
| (−8.26) | (−7.48) | (−7.15) | |
| −0.0097 | −0.0083 | −0.0075 | |
| (−4.94) | (−4.26) | (−3.89) | |
| 8.9731 | 8.7739 | 8.6906 | |
| (78.81) | (77.11) | (76.67) | |
| Control district fixed effects | Yes | Yes | Yes |
| Control monthly fixed effects | Yes | Yes | Yes |
| 2.99 | 2.99 | 3.00 | |
| N | 20,213 | 20,213 | 20,213 |
| 0.794 | 0.799 | 0.800 | |
| Adj. | 0.794 | 0.798 | 0.800 |
t-Statistics in parentheses; *p < 0.10, **p < 0.05, ***p < 0.01
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