Title: Hedonic Models and House Price Index Numbers
Abstract:We survey some recent developments in the literature on hedonic price indices for housing. The main classes of hedonic methods are presented along with some new methods that have become popular recent...We survey some recent developments in the literature on hedonic price indices for housing. The main classes of hedonic methods are presented along with some new methods that have become popular recently. A number of new approaches are then considered for controlling for location in hedonic models. Next we consider how hedonic models can be used to construct separate price indices for land and structures. Significant progress has been made recently in this field. The survey concludes with a discussion of ways of computing higher frequency (e.g. weekly) hedonic price indices, and ways of deriving house price indices for the whole housing stock, as opposed to just those properties that have traded recently.Read More
Publication Year: 2022
Publication Date: 2022-01-01
Language: en
Type: preprint
Indexed In: ['crossref']
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Cited By Count: 3
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