The impact of the residential lead paint disclosure rule on house prices: findings in the American Housing Survey

Research output: Contribution to journalArticle

3 Citations (Scopus)

Abstract

In an effort to reduce lead paint exposure in old homes, the residential lead paint hazard disclosure rule (Title X) was enacted in 1996 in the USA, which requires house sellers to disclose known lead-based paint hazards to buyers. The policy is designed to induce individuals’ improved maintenance behaviors through environmental information provisions. Minimizing the impact on housing prices is also the key component of the policy; a decline in the price of old homes because of the policy may lead to higher occupancy rates of the targeted low-income groups into lead paint risk homes. To explore the issue, this study examined whether the lead paint disclosure rule lowered values of old houses using the American Housing Survey data from 1993 to 2005 with the repeat sales method. The findings show the policy did not lower prices of old homes, as it intended.

Original languageEnglish
Pages (from-to)19-30
Number of pages12
JournalJournal of Housing and the Built Environment
Volume31
Issue number1
DOIs
Publication statusPublished - 2016 Mar 1

All Science Journal Classification (ASJC) codes

  • Geography, Planning and Development
  • Urban Studies

Fingerprint Dive into the research topics of 'The impact of the residential lead paint disclosure rule on house prices: findings in the American Housing Survey'. Together they form a unique fingerprint.

  • Cite this