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Paper eres2017_376:
Construction of daily hedonic housing indexes for apartments in Sweden

id eres2017_376
authors Zheng, Mo
year 2017
title Construction of daily hedonic housing indexes for apartments in Sweden
source 24th Annual European Real Estate Society Conference in Delft, Netherlands
summary Many published indexes in North American and Europe are based on mean or median prices, or applied repeat-sale method for less requirements of characteristic related information on properties. But each house is unique. It is critical that the differences among properties could be captured in the house price indexes in the timely and comparable way. This paper constructed daily apartment price indices for entire Sweden and 3 major cities - Stockholm, Gothenburg, and Malmö. We applied hedonic regressions on a unique cross-sectional time series database of over 1 million apartment transactions in Sweden from January 2005 to May 2015. Our newly constructed daily indexes compared time dummy variable approach, characteristics prices approach and the imputations approach. We tested spatial dependence, and performed spatial econometrics models for regional comparison among major cities.
keywords Housing Index; Hedonic regression; cross-sectional analysis; GARCH; time series
series ERES:conference
type paper session
discussion No discussions. Post discussion ...
ratings
session Doctoral session C
last changed 2017/11/18 16:20
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