Measuring Residential Real Estate Liquidity
There are many factors, other than price alone, that may affect the liquidity of real estate. This study develops a liquidity measure based on the Cox proportional hazard technique, a statistical model widely used in the epidemiologic and social sciences. The odds ratio, along with an estimate of market value for a home, are used to construct a liquidity measure. This measure can extract from the data a rich statistical profile of the variables that affect liquidity. Copyright American Real Estate and Urban Economics Association.
Year of publication: |
1990
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Authors: | Kluger, Brian D. ; Miller, Norman G. |
Published in: |
Real Estate Economics. - American Real Estate and Urban Economics Association - AREUEA. - Vol. 18.1990, 2, p. 145-159
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Publisher: |
American Real Estate and Urban Economics Association - AREUEA |
Saved in:
freely available
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