Using Revisions as a Measure of Price Index Quality in Repeat-Sales Models

Repeat-sales indexes are the most widely used type of transaction based property price indexes. However, such indexes are particularly prone to revision. When a new period of transaction data becomes available and is used to update the repeat-sales model, all past index values can potentially be rev...

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Bibliographic Details
Main Authors: van de Minne, Alexander, Francke, Marc, Geltner, David M, White, Robert
Other Authors: Massachusetts Institute of Technology. Center for Real Estate
Format: Article
Language:English
Published: Springer US 2020
Online Access:https://hdl.handle.net/1721.1/128850