Estimating repeat sales residential price indices for Krakow
نویسندگان
چکیده
منابع مشابه
A New Approach for Constructing Home Price Indices in China: The Pseudo Repeat Sales Model
Due to data and methodology constraints, there is a lack of good quality-controlled residential price indices publicly available in China. New home sales account for quite a large share of total home sales in Chinese cities (87% in 2010). As a result, the standard repeat sales approach cannot be employed, as a new housing units only appears once on the market. The hedonic method may be more sui...
متن کاملEstimating house price growth with repeat sales data: What’s the aim of the game?
Since the seminal work of M. Bailey, R. Muth, and H. Nourse (1963, J. Amer. Statist. Assoc. 58, 933–942), numerous articles have been written about repeat sales and other methods for constructing house price indices. Our justification for producing yet another paper on this subject is to reemphasize fundamentals. We focus on the basic building blocks—asking questions about what the underlying t...
متن کاملA new approach for constructing home price indices: The pseudo repeat sales model and its application in China
This paper develops a “pseudo repeat sale” estimation sample construction procedure (ps-RS) to construct more reliable and less biased quality-controlled price indices for newly-constructed homes. The method may be useful wherever new housing development is of sufficiently large scale and homogeneous. Such circumstances characterize many emerging market countries, and here we apply the techniqu...
متن کاملEstimating Housing Price Indices for Small Metropolitan Areas (SMSAs)
In an economy that proved to be highly sensitive to housing prices fluctuations it is at least intriguing why the U.S. has accurate housing price indices for the top 20 Metropolitan Statistical Areas (MSAs) only. This is an important informational gap since in most the states, housing sales in Small Metropolitan Statistical Areas (SMSAs) account for at least 30% of the total state sales. This p...
متن کاملPrivate Residential Price Indices in Singapore: A Matching Approach
We use a matching procedure to construct samples of private residential sales in Singapore for January 1995 to May 2010. Though the matching approach is similar to a repeat sales estimator in pairing each sale with the sale of a comparable property, sample sizes are much larger because the matched properties are not constrained to be identical in each period. An advantage of the matching proced...
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ژورنال
عنوان ژورنال: Oeconomia Copernicana
سال: 2018
ISSN: 2353-1827,2083-1277
DOI: 10.24136/oc.2018.003