Virginia Center for Housing Research (VCHR)
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Browsing Virginia Center for Housing Research (VCHR) by Author "Choi, Seungbee"
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- 2024 West Piedmont Planning District Commission Housing StudyJones, Mel; Choi, Seungbee; Knopf, Jonathan; Mai, Eric (West Piedmont Planning District Commission, 2024-01)West Piedmont Planning District Commission (WPPDC) undertook this housing study in partnership with the Virginia Center for Housing Research at Virginia Tech (VCHR) and HousingForward Virginia (HFV). PDCs serve member local governments within their region and build regional approaches to issues like economic development, transportation, and legislative priorities. The West Piedmont Planning District’s member localities are: Franklin, Henry, Patrick, and Pittsylvania Counties; the Cities of Danville and Martinsville; and the Town of Rocky Mount. Each member locality identified housing as a concern in their jurisdiction and with the opportunities offered through Virginia Housing, elected to conduct a regional housing study.
- Effects of Top-Down Balanced Development Strategies on Regional Balance: Evidence from Public Big Data in KoreaYoo, Yejin; Choi, Seungbee (MDPI, 2022-12-05)The rapid economic growth of Korea was accompanied by the side effect of disproportionate growth between regions. The central government has implemented balanced development strategies by enacting the Special Act on Balanced National Development. For example, central administrative institutions were relocated to Sejong-si, which was built as the administrative capital. This study examines whether the top-down strategy promoted balanced growth between regions using public big data. We use various indicators to pay attention to not only quantitative growth, such as population size and economic growth, but also qualitative growth, such as life satisfaction. The results show that, despite the government’s efforts, the population was concentrated in the major metropolitan areas and the economic gap between regions did not narrow. While metropolitan areas achieved steady growth based on the preemption of spatial competitiveness, non-metropolitan areas did not take advantage of more investment from government. However, it shows a significant increase in job creation in Sejong-si, suggesting it is more efficient to move institutions in groups than to completely disperse public institutions in the balanced development strategy. In terms of the quality of life, Sejong-si had the lowest personal life satisfaction and local life satisfaction, indicating that the top-down strategy has failed to manage the quality of life. We propose that promoting a compact city with multiple functions in the non-metropolitan areas will help balance development. To achieve a better quality of life, centralized power should be transferred to local governments, and policies should be built based on communication with local residents. Innovative and sustainable policies that efficiently utilize the uniqueness and potential of the region are needed for balanced growth.
- Exploring the Survival Mechanisms of Short-Term Rentals in Virginia: A Comparative Analysis of Rural versus Non-Rural MarketsChoi, Seungbee; Won, Jongho (MDPI, 2023-08-21)This study provides a comprehensive analysis of the survival mechanisms of STRs in Virginia, particularly focusing on rural versus non-rural markets. Utilizing data from AirDNA, we observe 16,852 active listings from 2018 to 2022. The study identifies the influence of various factors on STR longevity, including unit type, location, and the number of bedrooms. It is a unique attempt to bridge the gap in understanding the dynamics of short-term rentals (STRs) in rural and urban contexts. Our findings reveal differences in the survival patterns of STRs in rural versus non-rural markets. In particular, rural STRs exhibit higher survival probabilities compared to their non-rural counterparts. Furthermore, Full-Time STRs, which are primarily dedicated to short-term rentals, show significantly higher survival probabilities than Occasional STRs, regardless of their location. These findings serve as critical inputs for stakeholders involved in policymaking, regulation, and industry strategies. By highlighting the distinctive dynamics of rural and urban STR markets, we underscore the need for context-specific regulations that can balance the economic benefits of STRs with the preservation of local housing options.
- Housing Needs and Trends in Central Appalachia and Appalachian AlabamaJones, Mel; Eades, Daniel; Choi, Seungbee (Fahe, 2023-07-20)
- Randolph County Housing StudyJones, Mel; Eades, Daniel; Choi, Seungbee (2023-04)
- State of the Market and Local Policy: Accessory Dwelling Units in the Commonwealth of VirginiaClower, Terry L.; Waters, Keith; Eisel, Valrie; Versel, David; Benson, Brien; Jones, Mel; Choi, Seungbee; Knof, Jonathan; Mai, Eric (Accessory Dwelling Unit Stakeholders Advisory Group, 2021-11)The following reports the findings of a data and information gathering exercise to provide the Accessory Dwelling Unit Stakeholder Advisory Group (SAG) and the Virginia Department of Housing and Community Development (DHCD) input on key issues related to accessory dwelling units (ADUs) in the Commonwealth of Virginia. The work performed in this analysis and the SAG was implemented pursuant to House Bill 2053.
- Virginia Beach Housing Study Update: Market Analysis and Policy RecommendationsJones, Mel; Choi, Seungbee; Goldberg-Foss, Mark; Knopf, Jonathan (City of Virginia Beach, 2024-01)Virginia Beach’s housing market has progressed since 2016, showing both positive growth and emerging challenges. Home prices are rising yet remain reasonably accessible. The pace of sales and vacancy rates indicates market balance. However, increasing market tightness presents challenges, notably the scarcity of affordable homes for low-income families. The study outlines these trends and proposes policy solutions to ensure housing opportunities for all.