The Morning Report
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In my story Friday, I mentioned a study by USD economist Andrew Narwold of the impact of Mills Act designations on the designated house and on surrounding houses.
Narwold’s work in this study and another one found a 16 percent increase for the house itself, and benefits for the surrounding houses up to 500 feet away.
Narwold passed along a link to that paper this morning. The paper, “Historic Designation and Residential Property Values,” was just published in the International Real Estate Review journal.