The Hierarchical Repeat Sales Model for Granular Commercial Real Estate and Residential Price Indices

The Hierarchical Repeat Sales Model for Granular Commercial Real Estate and Residential Price Indices

This paper concerns the estimation of granular property price indices in commercial real estate and residential markets. We specify and apply a repeat sales model with multiple stochastic log price trends having a hierarchical additive structure: One common log price trend and cluster specific log p...

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Bibliographic Details
Main Authors: Francke, Marc K, van de Minne, Alexander
Other Authors: Massachusetts Institute of Technology. Center for Real Estate
Format: Article
Language:English
Published: Springer US 2017
Online Access:http://hdl.handle.net/1721.1/111842

Internet

http://hdl.handle.net/1721.1/111842

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