Authors: Yalin Yang*, Binghamton University
Topics: United States
Keywords: New York City; inequality; real-time data; segregation;
Session Type: Poster
Start / End Time: 9:55 AM / 11:35 AM
Room: Lincoln 2, Marriott, Exhibition Level
Presentation File: No File Uploaded
According to real estate company Zillow, New York is the state has the greatest number of for-sale houses in the United States. Nevertheless, there is a significant disparity in the geographical distribution and price of such a large volume of houses. Stratification scholars point to differences in asset holdings, especially houses, as a crucial aspect of racial/ethnic inequality, responsible for disparities in a variety of outcomes. Racial/ethnic disparities in home equity are driven in part by a differential appreciation of housing units. The primary purpose of this paper is to examine what is the main driver for the difference in housing prices in New York City. leveraging a multiple regression model and related statistical analysis method, this article identifies the relationship between housing price, housing facilities and housing location, and analysis the regional inequality of New York City.