RT Journal Article
SR Electronic
T1 Wildfire Risk and Housing Prices: A Case Study from Colorado Springs
JF Land Economics
JO Land Econ
FD University of Wisconsin Press
SP 217
OP 233
DO 10.3368/le.83.2.217
VO 83
IS 2
A1 Geoffrey H. Donovan
A1 Patricia A. Champ
A1 David T. Butry
YR 2007
UL http://le.uwpress.org/content/83/2/217.abstract
AB In 2000, concerned about the risks of wildfires to local homes, the Colorado Springs Fire Department rated the wildfire risk of 35,000 housing parcels within the wildland-urban interface and made its findings available online. We examine the effectiveness of this rating project by comparing the relationship between home price and wildfire risk before and after the information was posted on the Web site. Before the information was available, home price and wildfire risk were positively correlated, whereas, afterwards, they were not. (JEL R26, Q51)