Sun, Hua; Tu, Yong; Yu, Shi-Ming - In: The Journal of Real Estate Finance and Economics 31 (2005) 2, pp. 155-187
By splitting the spatial effects into building and neighborhood effects, this paper develops a two order spatio-temporal autoregressive model to deal with both the spatio-temporal autocorrelations and the heteroscedasticity problem arising from the nature of multi-unit residential real estate...