Ohnishi, Takaaki; Mizuno, Takayuki; Shimizu, Chihiro; … - 2010
empirical studies on house price indexes? How does it evolve over time? How does it look like during the period of housing … 2009, we find the following. First, the house price, Pit, is characterized by a distribution with much fatter tails than a … price distribution conditional on the house size, i.e., Pr(Pit | Si), follows a lognormal distribution. We confirm this by …