Table 3

Results on the Asymmetric Impacts of Flood Zone Status Change

Variable	Model 1A	Model 2A	Model 3A	Model 4A	Model 5A
Variable	Coeff.	Std. Err.	Coeff.	Std. Err.	Coeff.	Std. Err.	Coeff.	Std. Err.	Coeff.	Std. Err.
Mapped out	-0.0757^***	0.0266	-0.1167^**	0.0549	-0.0730^*	0.0404	-0.0278	0.0976	-0.0109	0.0350
Mapped in	-0.1397^**	0.0522	-0.1557^*	0.0858	-0.1507^*	0.0761	-0.1924^*	0.1088	-0.1164^**	0.0556
Numerical grade	0.0083^***	0.0007	0.0087^***	0.0008	0.0086^***	0.0006
Parcel acreage	0.0315^***	0.0058	0.0223^*	0.0119	0.0289^**	0.0133
Living footage	0.0001^***	0.0000	0.0001^***	0.0000	0.0001^***	0.0000
Age of house	0.0002	0.0002	-0.0001	0.0001	-0.0001	0.0001	-0.0955^***	0.0102	-0.0345^***	0.0085
Number of rooms	0.0198^**	0.0076	0.0167^***	0.0060	0.0243^***	0.0054
Number of bedrooms	0.0788^***	0.0168	0.0569^***	0.0141	0.0638^***	0.0142
Number of full baths	-0.0627^***	0.0142	-0.0493^***	0.0126	-0.0442^***	0.0118
Number of half baths	-0.0011	0.0090	0.0187	0.0126	-0.0009	0.0119
Garage footage	0.0000	0.0000	0.0000^*	0.0000	0.0001^**	0.0000
Number of cars	0.1036^***	0.0123	0.1410^***	0.0130	0.0678^***	0.0154
Basement	0.0399^***	0.0140	0.0342	0.0206	0.0526^**	0.0217
Finished basement	0.0593^***	0.0134	0.0627^***	0.0193	0.0460^***	0.0139
Fireplace	0.0387^***	0.0143	0.0498^***	0.0170	0.0523^***	0.0166
Pool	0.0439^**	0.0181	0.0987^**	0.0436	0.0786^*	0.0403
Minutes to Penn State	-0.0135^***	0.0032	-0.0153^**	0.0067	-0.0140^**	0.0063
Year and quarter dummies	Yes		Yes		Yes		Yes		Yes
Adjusted R-squared	0.6539		0.4130		0.6107		0.4967		0.8865
Samples^{^a}	1		2		3		2		3
Number of observations	10,093		21,137		14,926		21,137		14,926
Fixed effects	Township		Township		Township		Parcel		Parcel
Number of groups	36		36		36		8,626		6,342
Clustered errors	Yes		Yes		Yes		Yes		Yes

↵a 1 = Most recent valid sales; 2 = Repeat sales; 3 = Screened repeat sales.
↵*, **, *** Significant at the 10%, 5%, and 1% levels, respectively.