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"Spatial thinking" is increasingly popular in housing market studies and spatial dependence across properties has been widely investigated in the intra-city housing market. The contribution of this paper is to study the spatial dependence and spillover effect of house prices from an interurban...
Persistent link: https://www.econbiz.de/10011495528
This paper explores the pricing of heterogeneous goods in the presence of market segmentation. We use housing as an example. We extend the theoretical hedonic model of Rosen (1974) and show that, in the presence of market segmentation, the hedonic price line is no longer continuous or unique....
Persistent link: https://www.econbiz.de/10012614885
In the academic debate there is a broad consensus that house price fluctuations have a substantial impact on financial stability and real economic activity. Therefore, it is important to have timely information on actual and expected house price developments. The aim of this paper is to measure...
Persistent link: https://www.econbiz.de/10009581044
The paper presents a foresight analysis methodology and its empirical application in the context of housing market. This work was developed in the context of a wider research project, "Drivers Of housiNg demand in Portuguese Urban sysTem" - DONUT, which analyses the Portuguese housing market....
Persistent link: https://www.econbiz.de/10011531123
The article highlights the role of heterogeneity in the formation of hedonic prices. The article distinguishes between continuous and groupwise heterogeneity. The distinction helps understanding two important points. First, the analysis of market equilibrium with groupwise heterogeneity makes...
Persistent link: https://www.econbiz.de/10013100000
In this paper, we evaluate the forecasting ability of 145 indicators and ten types of forecast combination schemes to predict housing prices and rents in 71 German cities. We are interested in whether local business confidence indicators facilitate substantial improvements of the forecasts,...
Persistent link: https://www.econbiz.de/10010482020
This paper analyses the impact of electromagnetic pollution, noise and air pollution on the rent level for the aggregated and disaggregated market in the city of Zurich, Switzerland. Although there is no conclusive assessment about the health impacts of electromagnetic radiation people are...
Persistent link: https://www.econbiz.de/10005427523
This paper analyses the impact of electromagnetic pollution, noise and air pollution on the rent level for the aggregated and disaggregated market in the city of Zurich, Switzerland. Although there is no conclusive assessment about the health impacts of electromagnetic radiation people are...
Persistent link: https://www.econbiz.de/10011933186
We analyze the impacts of alternative submarket definitions when predicting house prices in a mass appraisal context, using both ordinary least squares (OLS) and geostatistical techniques. For this purpose, we use over 13,000 housing transactions for Louisville, Kentucky. We use districts...
Persistent link: https://www.econbiz.de/10003961363
This paper develops a theoretical and methodological framework that integrates Hedonic Pricing (HP), grid comparable sales approach (CSA), and nearest neighbors into a general spatiotemporal specification. By explicitly providing a theoretical justification for introducing spatial (or...
Persistent link: https://www.econbiz.de/10012849122