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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书目详细资料
Main Authors: Francke, Marc K, van de Minne, Alexander
其他作者: Massachusetts Institute of Technology. Center for Real Estate
格式: 文件
语言:English
出版: Springer US 2017
在线阅读:http://hdl.handle.net/1721.1/111842