Journal ArticleDOI
Estimating house price appreciation: A comparison of methods
Theodore M. Crone,Richard Voith +1 more
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TLDR
In this article, the authors compared five parametric and nonparametric methods in terms of predictive accuracy, using data from Montgomery County, Pennsylvania, and found that the repeat sales method produces the most accurate estimate among the parametric methods.About:
This article is published in Journal of Housing Economics.The article was published on 1992-12-01. It has received 97 citations till now. The article focuses on the topics: Nonparametric statistics & Statistic.read more
Citations
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House Price Dynamics: A Survey of Theoretical and Empirical Issues
TL;DR: In this article, the main theoretical, empirical, and methodological issues related to analyzing house price dynamics are reviewed and a survey of methodological issues in estimating house price indices and excess returns is presented.
Journal ArticleDOI
A simple alternative house price index method
TL;DR: In this article, the authors present the sale price appraisal ratio (SPAR) method for constructing house price indexes, which has been applied since the early 1960s to produce semiannual price indexes for regions and cities in New Zealand.
Journal ArticleDOI
Unequal Returns to Housing Investments? A Study of Real Housing Appreciation among Black, White, and Hispanic Households
TL;DR: The authors examined differences in real housing appreciation across black, white, and Hispanic households by applying a hedonic price analysis to data from the Health and Retirement Study, combined with data from 1970, 1980, and 1990 Census.
Journal ArticleDOI
Environmental Variables and Real Estate Prices
TL;DR: In this paper, the authors compare various real estate valuation models and the manner in which they take into account environmental variables, and find that artificial neural network (ANN) models exhibit a similar general form of the price indices, but that the detailed price behaviours of different models feature notable differences depending on the input choice of environmental variables.
Patent
Automated Loan Risk Assessment System and Method
TL;DR: In this article, an automated loan risk assessment system and method is described, which is adapted to receive information about a loan or an insurance application requesting insurance to cover the same, and calculates a risk score for the loan based on a plurality of risk factors including at least two of a fraud risk factor, a credit risk factor and a property valuation risk factor.
References
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ReportDOI
The Efficiency of the Market for Single-Family Homes
TL;DR: In this article, weak-form efficiency of the market for single family homes is evaluated using data on repeat sales prices of 39,210 individual homes, each for two sales dates.
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The Efficiency of the Market for Single-Family Homes
Karl E. Case,Robert J. Shiller +1 more
TL;DR: In this paper, the efficiency of single family home prices is evaluated using repeat sales prices of 39,210 individual homes in Atlanta, Chicago, Dallas, and San Francisco/Oakland for 1970-86.
Journal ArticleDOI
A Regression Method for Real Estate Price Index Construction
TL;DR: In this paper, the problem of combining price relatives of repeat sales of properties to obtain a price index can be converted into a regression problem, and standard techniques of regression analysis can be used to estimate the index.
ReportDOI
Prices of Single Family Homes Since 1970: New Indexes for Four Cities
TL;DR: In this paper, the authors used data on nearly a million homes sold in four metropolitan areas (Atlanta, Chicago, Dallas and San Francisco) to construct quarterly indexes of existing home prices between 1970 and 1986.
Posted Content
Prices of Single Family Homes Since 1970: New Indexes for Four Cities
Karl E. Case,Robert J. Shiller +1 more
TL;DR: In this paper, the authors used data on nearly a million homes sold in four metropolitan areas (Atlanta, Chicago, Dallas and San Francisco) to construct quarterly indexes of existing home prices between 1970 and 1986.
Related Papers (5)
On Choosing Among House Price Index Methodologies
The Construction of Residential Housing Price Indices: A Comparison of Repeat-Sales, Hedonic-Regression, and Hybrid Approaches
Nancy Wallace,Richard Meese +1 more