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Repeat Assessed Values Model for Housing Price Index

Repeat Assessed Values Model for Housing Price Index AbstractThis study proposes an innovative methodology, named Repeat Appraised Price Model (RAV), useful for determining the price index numbers for real estate markets and the corresponding index numbers of hedonic prices of main real estate characteristics in the case of a lack of data. The methodological approach proposed in this paper aims to appraise the time series of price index numbers. It integrates the principles of the method of repeat sales with the peculiarities of the Hedonic Price Method, overcoming the problem of an almost total absence of repeat sales for the same property in a given time range; on the other hand, the technique aims to overcome the limitation of the repeat sales technique concerning the inability to take into account the characteristics of individual properties. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Real Estate Management and Valuation de Gruyter

Repeat Assessed Values Model for Housing Price Index

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Publisher
de Gruyter
Copyright
© 2017 Manuela Carini et al., published by De Gruyter Open
ISSN
1733-2478
eISSN
2300-5289
DOI
10.1515/remav-2017-0027
Publisher site
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Abstract

AbstractThis study proposes an innovative methodology, named Repeat Appraised Price Model (RAV), useful for determining the price index numbers for real estate markets and the corresponding index numbers of hedonic prices of main real estate characteristics in the case of a lack of data. The methodological approach proposed in this paper aims to appraise the time series of price index numbers. It integrates the principles of the method of repeat sales with the peculiarities of the Hedonic Price Method, overcoming the problem of an almost total absence of repeat sales for the same property in a given time range; on the other hand, the technique aims to overcome the limitation of the repeat sales technique concerning the inability to take into account the characteristics of individual properties.

Journal

Real Estate Management and Valuation – de Gruyter

Published: Dec 1, 2017

References

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    EnglundP
  • Aggregation Bias in Repeat - Sales Indices and No
    DombrowJ
  • Estimating Real Estate s Systematic Risk from Aggregate Level Appraisal - Based Returns
    Geltner
  • Commercial Property Market Prices and Valuations Analysing the Correspondence of Property Research
    MatysiakG
  • Prices of Single - Family Homes Since New Indexes for Four New England Economics
    CaseK
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    HowellsP
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    DombrowJ
  • Simple Hybrid Model for Estimating Real Estate Price Indexes of No pp
    QuigleyJ
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    QuanD
  • Spatial Model of Housing and Neighborhoods Substitutability and
    GoetzmannW
  • andQuigleyJ Inferring an Investment Return series for Real Estate from Bbservations on Sales of the
    QuanD
  • The Efficiency of the Market for Single Family Homes
    CaseK
  • a Temporal Aggregation in Real Estate Return Indices
    Geltner
  • FREUD Italy
    WILSON
  • Financial Markets Institutions
    HowellsP
  • An Autoregressive Approach to House Price Modeling The of
    NagarajaC
  • Aggregation Bias in Repeat - Sales Indices The and issue pages
    DombrowJ
  • Simple Alternative House Price Index Method of
    Bourassa
  • Estimating Price Trends for Residential Property Comparison of Repeat Sale and Assessed Value of the issue pp
    ClappJ
  • Estimating Capital Asset Prices of and
    HillR
  • Spatiotemporal Autoregressive Models of Neighborhood Effects and
    BerryR
  • An Autoregressive Approach to House Price Modeling The of
    NagarajaC
  • The Dynamics of Real Estate Prices of and No
    CaseB
  • Measuring Asset Values for Cash Settlement in Derivative Markets Repeated Measures Indices and Perpetual of No
    ShillerR
  • Kluger Alternative Liquidity Measures and Stock Returns of Accounting
    Stephan
  • Set of Indexes for Trading Commercial Real Estate Based on the Real Capital Analytics Transaction Prices MIT Center for Real Estate
    Geltner
  • The Dynamics of Real Estate Prices of and No
    CaseB
  • Property Allocation a Multi Factor Model Land Studies
    Blundell
  • Simple Hybrid Model for Estimating Real Estate Price Indexes of No pp
    QuigleyJ
  • New Evidence on House Prices from Fannie Mac Repeat Sales No
    AbrahamJ
  • The Efficiency of the Market for Single Family Homes
    CaseK
  • Principi metodologici per la costruzione di indici dei prezzi nel mercato immobiliare In DelGiudice editor elaborazione dell informazione immobiliare : segmentazione immobiliare del mercato e indici dei prezzi immobiliari Maggioli Rimini pp
    SalvoF
  • FREUD Italy
    WILSON
  • Performing Large Scale Spatial Autoregressions
    PaceR
  • Measuring Asset Values for Cash Settlement in Derivative Markets Repeated Measures Indices and Perpetual of No
    ShillerR
  • Property Prices Index Numbers and Derived Indices Property Management
    CiunaM
  • Prices of Single - Family Homes Since New Indexes for Four New England Economics
    CaseK
  • Numeri indici dei prezzi immobiliari No pp
    CiunaM
  • Smoothing in Appraisal - Based Returns of and
    Geltner
  • The Appraisal Smoothing in the Real Estate Indeces in Dynamics of Land Values and Agricultural Policies MediaMond International Proceedings
    CiunaM
  • Numeri indici dei prezzi immobiliari No pp
    CiunaM
  • Performing Large Scale Spatial Autoregressions
    PaceR
  • Estimating Price Trends for Residential Property Comparison of Repeat Sale and Assessed Value of the issue pp
    ClappJ
  • Regression Model for Real Estate Price Index of American Statistical No pp
    Bayley
  • Arithmetic Repeat Sales Price Estimators of No
    ShillerR
  • Principi metodologici per la costruzione di indici dei prezzi nel mercato immobiliare In DelGiudice editor elaborazione dell informazione immobiliare : segmentazione immobiliare del mercato e indici dei prezzi immobiliari Maggioli Rimini pp
    SalvoF
  • Arithmetic Repeat Sales Price Estimators of No
    ShillerR
  • Improved Price Indexes for Real Estate : Measuring the Course of Swedish Housing Prices of
    EnglundP
  • Cross Alternative Methods of Increasing the precision of Weighted Repeated Sales House Price Indices of Real and No
    DreimanM
  • Spatial Model of Housing and Neighborhoods Substitutability and
    GoetzmannW
  • Simple Alternative House Price Index Method of
    Bourassa
  • Property Allocation a Multi Factor Model Land Studies
    Blundell
  • Aggregation Bias in Repeat - Sales Indices and No
    DombrowJ
  • Price Formation and the Appraisal Function in Real Estate Markets and
    QuanD
  • Price Formation and the Appraisal Function in Real Estate Markets and
    QuanD
  • Estimating Real Estate s Systematic Risk from Aggregate Level Appraisal - Based Returns
    Geltner
  • di stima immobiliare Flaccovio
    SimonottiM
  • Property Prices Index Numbers and Derived Indices Property Management
    CiunaM
  • Appraising Building Area s Index Numbers Using Repeat Value Model Case study in in Dynamics of Land Values and Agricultural Policies MediaMond International Proceedings
    SalvoF
  • Estimating Capital Asset Prices of and
    HillR
  • Cross Alternative Methods of Increasing the precision of Weighted Repeated Sales House Price Indices of Real and No
    DreimanM
  • Regression Model for Real Estate Price Index of American Statistical No pp
    Bayley
  • Kluger Alternative Liquidity Measures and Stock Returns of Accounting
    Stephan
  • di stima immobiliare Flaccovio
    SimonottiM
  • Smoothing in Appraisal - Based Returns of and
    Geltner
  • Appraising Building Area s Index Numbers Using Repeat Value Model Case study in in Dynamics of Land Values and Agricultural Policies MediaMond International Proceedings
    SalvoF
  • a Temporal Aggregation in Real Estate Return Indices
    Geltner
  • New Evidence on House Prices from Fannie Mac Repeat Sales No
    AbrahamJ
  • Set of Indexes for Trading Commercial Real Estate Based on the Real Capital Analytics Transaction Prices MIT Center for Real Estate
    Geltner
  • Commercial Property Market Prices and Valuations Analysing the Correspondence of Property Research
    MatysiakG
  • The Appraisal Smoothing in the Real Estate Indeces in Dynamics of Land Values and Agricultural Policies MediaMond International Proceedings
    CiunaM