Air pollution from fine particulate matter (PM 2.5) is detrimental to health and productivity. In the United States it has also been shown to affect house prices, the focus of this study. Disparities ...

When investing in multi-family real estate, understanding capitalization rate, usually referred to as CAP rate, is crucial for making informed decisions. This rate serves as a benchmark for evaluating ...

We examine how exogenous changes in exposure to air pollution over the past two decades have altered the disparities in home values between Black and White homeowners. We find that air quality ...