Robert Hill

Measuring housing affordability: Looking beyond the median

Publisher: Elsevier BV

Date: 06-2009

DOI: 10.1016/J.JHE.2009.04.003

The Economics of the Environment and Natural Resources

Publisher: Wiley

Date: 2004

DOI: 10.1002/9780470755464

Improving International Comparisons of Prices at Basic Heading Level: An Application to the Asia‐Pacific Region

Publisher: Wiley

Date: 12-03-2014

DOI: 10.1111/ROIW.12116

Higher frequency hedonic property price indices: a state-space approach

Publisher: Springer Science and Business Media LLC

Date: 11-04-2020

DOI: 10.1007/S00181-020-01862-Y

Abstract: The hedonic imputation method allows characteristic shadow prices to evolve over time. These shadow prices are used to construct matched s les of predicted prices, which are inserted into standard price index formulas. We use a spatio-temporal model to improve the method’s effectiveness on housing data at higher frequencies. The problem is that at higher frequencies, there may not be enough observations per period to reliably estimate the characteristic shadow prices. In such cases, the reliability of the hedonic imputation method is improved by using a state-space formulation which yields estimates of the shadow prices that are weighted sums of previous periods’ information. In addition, the state-space representation of the model includes a geospatial spline surface which significantly reduces the number of parameters to be estimated when compared to the standard practice of including postcode dummies in the model. Empirically, using a novel criterion, we show that in higher frequency comparisons, our hedonic method outperforms competing alternatives.

Hedonic Models and House Price Index Numbers

Publisher: Springer Nature Singapore

Date: 2022

DOI: 10.1007/978-981-19-2023-3_10

An evaluation of the methods used by European countries to compute their official house price indices

Publisher: Institut National de la Statistique et des Etudes Economiques (INSEE)

Date: 29-10-2018

DOI: 10.24187/ECOSTAT.2018.500T.1953

Measuring a boom and bust: The Sydney housing market 2001–2006

Publisher: Elsevier BV

Date: 09-2009

DOI: 10.1016/J.JHE.2009.07.010

Splicing Index Numbers

Publisher: Informa UK Limited

Date: 07-1997

DOI: 10.1080/07350015.1997.10524716

Hedonic price–rent ratios, user cost, and departures from equilibrium in the housing market

Publisher: Elsevier BV

Date: 2016

DOI: 10.1016/J.REGSCIURBECO.2015.11.001

Karl-Franzens-Universität Graz

Location: Austria

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University Of British Columbia

Location: Canada

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Discovery Projects - Grant ID: DP0666798

Start Date: 2006

End Date: 12-2009

Amount: $210,000.00

Funder: Australian Research Council

Linkage Projects - Grant ID: LP0347618

Start Date: 02-2003

End Date: 02-2005

Amount: $100,000.00

Funder: Australian Research Council

Discovery Projects - Grant ID: DP0667209

Start Date: 2006

End Date: 12-2009

Amount: $208,000.00

Funder: Australian Research Council

Linkage Projects - Grant ID: LP0347654

Start Date: 02-2003

End Date: 06-2007

Amount: $120,000.00

Funder: Australian Research Council

Discovery Projects - Grant ID: DP220101787

Start Date: 10-2022

End Date: 10-2025

Amount: $277,208.00

Funder: Australian Research Council