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Hedonic price-rent ratios, user cost, and departures from equilibrium in the housing market

Hill, Robert J.; Syed, Iqbal A. - 2014

Disequilibrium in the housing market can be detected by comparing the actual price-rent ratio with its equilibrium counterpart obtained from the user-cost condition. Empirical implementation of this idea, however, is problematic because of quality differences between sold and rented dwellings....

Persistent link: https://www.econbiz.de/10010359516

How to measure hedonic property price indexes better

Silver, Mick S. - In: Eurostat review on national accounts and macroeconomic … (2018) 1, pp. 35-66

Hedonic regressions are used for residential property price index (RPPI) measurement to control for changes in the … to the vagaries of the periodic estimation of hedonic regressions. All of this is with no additional data requirements …

Persistent link: https://www.econbiz.de/10012040201

The impact of changes in dwelling characteristics and housing preferences on house price indices

Reusens, Peter; Vastmans, Frank; Damen, Sven - 2022

Hedonic house price indices adjust the average sales prices for the change in the quality of the property sold over time. This paper proposes a framework to disentangle the contribution of each individual dwelling characteristic to this quality change. We apply our framework to a unique dataset...

Persistent link: https://www.econbiz.de/10013193786

The MNB's house price index methodology

Banai, Ádám; Vágó, Nikolett; Winkler, Sándor - 2017

This study presents the detailed method of the MNB's house price index and the results of the new price indices. The … index family is considered to be a novelty among Hungarian housing market statistics in several regards. Firstly, the … national index was derived from a database starting in 1990, and thus the national index is regarded as the longest in …

Persistent link: https://www.econbiz.de/10011647653

Incorporating geospatial data in house price indexes : a hedonic imputation approach with splines

Hill, Robert J.; Scholz, Michael - 2014

model into the Fisher price index formula. Using a data set consisting of 454507 observations for Sydney, Australia over the …

Persistent link: https://www.econbiz.de/10010359519

Testing House Price Index in the Brazilian Real Estate Market

Alves, Denisard - 2010

In this paper, we evaluate the impacts of capital markets in housing prices of São Paulo City, which is the largest municipality in Brazil. The analysis covers the period from January 2001 to March 2008 and the method applied was based on the model of hedonic pricing. As expected, the...

Persistent link: https://www.econbiz.de/10013138276

Robust hedonic price indexes

Bourassa, Steven C.; Cantoni, Eva; Hoesli, Martin - 2013

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 …

Persistent link: https://www.econbiz.de/10010256954