Accurate estimation of prevailing metropolitan housing prices is important for both business and research investigations of housing and mortgage markets. This is typically done by constructing quality-adjusted house price indices from hedonic price regressions for given metropolitan areas. A...

This paper focuses on the measurement of local housing affordability problems. A number of different housing market indicators are offered that help identify the magnitude and nature of housing affordability problems and their geographic distribution. This interest is prompted by the...

This research project will investigate house price appreciation trends in traditionally underserved areas. The primary goal is to develop and test a methodology to determine what part of a home (appreciation)is due to structural and neighborhood effects, and what part may be attributable to...

This paper focuses on the construction of residential quality scores a a preliminary step towards defining neighborhoods in urban areas. Two issues have been addressed: (1) the effect of spatial scale in the delineation of boundaries, and (2) variations in the assessment of residential quality...