House Price Indices

ISBN-13: 9780792398837 / Angielski / Twarda / 1997 / 251 str.

Thomas Thibodeau; Thomas G. Thibodeau

Opis

This book contains a special issue of the Journal of Real Estate Finance and Economics, comprising thirteen articles on house price measurement. These articles address the various procedures used to compute cross-sectional or temporal house price indices. Specifically, these articles contain research that: (1) evaluates hedonic, repeat sales, or hybrid approaches to constructing house price indices; (2) evaluates alternative sources of data on house prices and corresponding housing characteristics; (3) identifies the most influential land, structural, neighborhood, and proximity determinants of house prices (and associated changes in house prices); (4) provides a methodology for identifying housing market segments; (5) incorporates spatial autocorrelation in house price indices; and (6) provides more accurate estimates of the variance in house prices.

Spis treści

Introduction; T.G. Thibodeau. A Spatial Model of Housing Returns and Neighborhood Substitutability; W.N. Goetzmann, M. Spiegel. Sample Selection Bias and Repeat-Sales Index Estimates; D.H. Gatzlaff, D.R. Haurin. The Construction of Residential Housing Price Indices: A Comparison of Repeat-Sales, Hedonic-Regression, and Hybrid Approaches; R.A. Meese, N.E. Wallace. Aggregation Bias in Repeat-Sales Indices; J. Dombrow, et al. Appraisals, Transaction Incentives, and Smoothing; P. Chinloy, et al. A Bayesian Approach to the Construction and Comparison of Alternative House Price Indices; C. Kuo. Short Holds, the Distribution of First and Second Sales, and Bias in the Repeat-Sales Price Index; M. Steele, R. Goy. Bias and Precision of Estimates of Housing Investment Risk Based on Repeat-Sales Indices: A Simulation Analysis; D. Geltner. Frequency of Transaction and House Price Modelling; B. Case, et al. Evaluating the Usefulness of the American Housing Survey for Creating House Price Indices; K.A. Kiel, J.E. Zabel. Spatial Dependence and House Price Index Construction; A. Can, I. Megbolugbe. The Co-op Discount; A.C. Goodman, J.L. Goodman. Constructing Indices of the Price of Multifamily Properties Using the 1991 Residential Finance Survey; J.R. Follain, C.A. Calhoun.