Showing 1 - 8 of 8
Persistent link: https://www.econbiz.de/10010345429
Using data for six metropolitan housing markets in three countries, this paper provides a comparison of methods used to … measure house price bubbles. We use an asset pricing approach to identify bubble periods retrospectively and then compare … ability to identify bubbles as they form. In view of the complexity of the asset pricing approach, we conclude that a simple …
Persistent link: https://www.econbiz.de/10011514230
Persistent link: https://www.econbiz.de/10011917326
Persistent link: https://www.econbiz.de/10012040775
Purpose ‒ The aim of this paper is to demonstrate the application of robust techniques to the estimation of hedonic house price indexes.Design/methodology/approach ‒ We use simulation analysis to compare an index estimated using ordinary least squares (OLS) with several indexes estimated...
Persistent link: https://www.econbiz.de/10010256954
Persistent link: https://www.econbiz.de/10012818827
Persistent link: https://www.econbiz.de/10012211838
We show how a method that has been applied to commercial real estate markets can be used to produce high frequency house price indexes for a city and for submarkets within a city. Our application of this method involves estimating a set of annual robust repeat sales regressions staggered by...
Persistent link: https://www.econbiz.de/10011514239