Peek, Joe; Wilcox, James A. - In: Real Estate Economics 19 (1991) 3, pp. 353-382
We assess the conceptual and empirical features of a number of house price series for the United States. We then calculate a measure of the net up-grading of the existing stock of houses that took place during the 1950-1989 period and adjust price indexes for this net increase in quality....