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How to better measure hedonic residential property price indexes

Silver, Mick S. - 2016

Hedonic regressions are used for property price index measurement to control for changes in the quality-mix of properties transacted. The paper consolidates the hedonic time dummy approach, characteristics approach, and imputation approaches. A practical hedonic methodology is proposed that (i)...

Persistent link: https://www.econbiz.de/10011715547

Incomplete financial markets and the booming housing sector in China

Bayoumi, Tamim A.; Zhao, Yunhui - 2020

incompleteness-on China's housing prices. The model implies that to eradicate the root causes of the rising housing price …

Persistent link: https://www.econbiz.de/10012485938

Stabilizing China's housing market

Koss, Richard A.; Shi, Xinrui - 2018

The sharp rise of house prices in China's Tier-1 cities has fostered a great deal of commentary about the possibility … of bubbles forming there. However, China's unique housing market characteristics make it difficult to assess the … infrastructure to help China withstand the impact of falling prices, should this occur …

Persistent link: https://www.econbiz.de/10012252749

Are House Prices Rising too Fast in China?

Ahuja, Ashvin - 2010

of an emerging real estate bubble. We find that, for China as a whole, the current levels of house prices do not seem …’ mass-market and luxury segments. Unlike advanced economies before 2007-8, prices have tended to correct frequently in China … China has, and will continue to have,a structural driver …

Persistent link: https://www.econbiz.de/10014412198

Hedonic Imputation Versus Time Dummy Hedonic Indexes

Diewert, W. E. - 2007

Statistical offices try to match item models when measuring inflation between two periods. However, for product areas with a high turnover of differentiated models, the use of hedonic indexes is more appropriate since they include unmatched new and old models. There are two main competing...

Persistent link: https://www.econbiz.de/10014400890

The Difference Between Hedonic Imputation Indexes and Time Dummy Hedonic Indexes

Heravi, Saeed - 2006

Statistical offices try to match item models when measuring inflation between two periods. For product areas with a high turnover of differentiated models, however, the use of hedonic indexes is more appropriate since they include the prices and quantities of unmatched new and old models. The...