Thomas Thibodeau

House Price Indices Thomas Thibodeau Reprinted from JOURNAL OF REAL ESTATE FINANCE AND edition

Marc Notes: Reprinted from the Journal of real estate finance and economics; vol. 14: 1/2 (1997).; Includes bibliographical references. Table of Contents: Introduction; T. G. Thibodeau. A Spatial Model of Housing Returns and Neighborhood Substitutability; W. N. Goetzmann, M. Spiegel. Sample Selection Bias and Repeat-Sales Index Estimates; D. H. Gatzlaff, D. R. Haurin. The Construction of Residential Housing Price Indices: A Comparison of Repeat-Sales, Hedonic-Regression, and Hybrid Approaches; R. A. Meese, N. E. Wallace. Aggregation Bias in Repeat-Sales Indices; J. Dombrow, et al. Appraisals, Transaction Incentives, and Smoothing; P. Chinloy, et al. A Bayesian Approach to the Construction and Comparison of Alternative House Price Indices; C. Kuo. Short Holds, the Distribution of First and Second Sales, and Bias in the Repeat-Sales Price Index; M. Steele, R. Goy. Bias and Precision of Estimates of Housing Investment Risk Based on Repeat-Sales Indices: A Simulation Analysis; D. Geltner. Frequency of Transaction and House Price Modelling; B. Case, et al. Evaluating the Usefulness of the American Housing Survey for Creating House Price Indices; K. A. Kiel, J. E. Zabel. Spatial Dependence and House Price Index Construction; A. Can, I. Megbolugbe. The Co-op Discount; A. C. Goodman, J. L. Goodman. Constructing Indices of the Price of Multifamily Properties Using the 1991 Residential Finance Survey; J. R. Follain, C. A. Calhoun. Publisher Marketing: This volume contains a special issue of the Journal of Real Estate Finance and Economics, comprising 13 articles on house price measurement. These articles address the various procedures used to compute cross-sectional or temporal house price indices. Specifically, these articles contain research that: evaluates hedonic, repeat sales, or hybrid approaches to constructing house price indices; evaluates alternative sources of data on house prices and corresponding housing characteristics; identifies the most influential land, structural, neighborhood, and proximity determinants of house prices (and associated changes in house prices); provides a methodology for identifying housing market segments; incorporates spatial autocorrelation in house price indices; and provides more accurate estimates of the variance in house prices.