IDEAS home Printed from https://ideas.repec.org/a/eee/jhouse/v13y2004i2p136-153.html
   My bibliography  Save this article

New empirical evidence on heteroscedasticity in hedonic housing models

Author

Listed:
  • Stevenson, Simon

Abstract

No abstract is available for this item.

Suggested Citation

  • Stevenson, Simon, 2004. "New empirical evidence on heteroscedasticity in hedonic housing models," Journal of Housing Economics, Elsevier, vol. 13(2), pages 136-153, June.
    • Handle: RePEc:eee:jhouse:v:13:y:2004:i:2:p:136-153
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1051-1377(04)00017-8
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Bourassa, Steven C. & Hoesli, Martin & Peng, Vincent S., 2003. "Do housing submarkets really matter?," Journal of Housing Economics, Elsevier, vol. 12(1), pages 12-28, March.
    2. James Berry & Stanley McGreal & Simon Stevenson & James Young & James Webb, 2003. "Estimation of Apartment Submarkets," Journal of Real Estate Research, American Real Estate Society, vol. 25(2), pages 159-170.
    3. M. Fletcher & P. Gallimore & J. Mangan, 2000. "Heteroscedasticity in hedonic house price models," Journal of Property Research, Taylor & Francis Journals, vol. 17(2), pages 93-108, January.
    4. Bourassa, Steven C. & Hamelink, Foort & Hoesli, Martin & MacGregor, Bryan D., 1999. "Defining Housing Submarkets," Journal of Housing Economics, Elsevier, vol. 8(2), pages 160-183, June.
    5. Allen C. Goodman & Thomas G. Thibodeau, 1998. "Dwelling Age Heteroskedasticity in Repeat Sales House Price Equations," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 26(1), pages 151-171, March.
    6. Martin Hoesli & Bernard Thion & Craig Watkins, 1997. "A hedonic investigation of the rental value of apartments in central Bordeaux," Journal of Property Research, Taylor & Francis Journals, vol. 14(1), pages 15-26, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Geoff Willcocks, 2009. "UK Housing Market: Time Series Processes with Independent and Identically Distributed Residuals," The Journal of Real Estate Finance and Economics, Springer, vol. 39(4), pages 403-414, November.
    2. Süreyya Özöğür Akyüz & Birsen Eygi Erdogan & Özlem Yıldız & Pınar Karadayı Ataş, 2023. "A Novel Hybrid House Price Prediction Model," Computational Economics, Springer;Society for Computational Economics, vol. 62(3), pages 1215-1232, October.
    3. Mahdieh Yazdani, 2021. "House Price Determinants and Market Segmentation in Boulder, Colorado: A Hedonic Price Approach," Papers 2108.02442, arXiv.org.
    4. Marco Helbich & Wolfgang Brunauer & Eric Vaz & Peter Nijkamp, 2014. "Spatial Heterogeneity in Hedonic House Price Models: The Case of Austria," Urban Studies, Urban Studies Journal Limited, vol. 51(2), pages 390-411, February.
    5. Lin, Regina Fang-Ying & Ou, Chiye & Tseng, Kuo-Kun & Bowen, Deng & Yung, K.L. & Ip, W.H., 2021. "The Spatial neural network model with disruptive technology for property appraisal in real estate industry," Technological Forecasting and Social Change, Elsevier, vol. 173(C).
    6. van Ommeren, Jos & Wentink, Derk & Dekkers, Jasper, 2011. "The real price of parking policy," Journal of Urban Economics, Elsevier, vol. 70(1), pages 25-31, July.
    7. Yang Wang & Kangmin Wu & Jing Qin & Changjian Wang & Hong’ou Zhang, 2020. "Examining Spatial Heterogeneity Effects of Landscape and Environment on the Residential Location Choice of the Highly Educated Population in Guangzhou, China," Sustainability, MDPI, vol. 12(9), pages 1-20, May.
    8. Monique DANTAS & Frédéric GASCHET & Guillaume POUYANNE, 2010. "Regulatory zoning and coastal housing prices: a bayesian hedonic approach (In French)," Cahiers du GREThA (2007-2019) 2010-12, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    9. Jos魍ar𨁍ontero-Lorenzo & Beatriz Larraz-Iribas, 2012. "Space-time approach to commercial property prices valuation," Applied Economics, Taylor & Francis Journals, vol. 44(28), pages 3705-3715, October.
    10. Jie Chen & Haiyong Zhang & Qian Zhou, 2021. "Rule by Law, Law-Based Governance, and Housing Prices: The Case of China," Land, MDPI, vol. 10(6), pages 1-22, June.
    11. Olgun Kitapci & Ömür Tosun & Murat Fatih Tuna & Tarik Turk, 2017. "The Use of Artificial Neural Networks (ANN) in Forecasting Housing Prices in Ankara, Turkey," Journal of Marketing and Consumer Behaviour in Emerging Markets, University of Warsaw, Faculty of Management, vol. 1(5), pages 4-14.
    12. Beatriz Larraz, 2011. "An Expert System for Online Residential Properties Valuation," Review of Economics & Finance, Better Advances Press, Canada, vol. 1, pages 69-82, April.
    13. Ansgar Belke & Jonas Keil, 2018. "Fundamental Determinants of Real Estate Prices: A Panel Study of German Regions," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 24(1), pages 25-45, February.
    14. Hans Wolfgang Brachinger & Michael Beer & Olivier Schöni, 2018. "A formal framework for hedonic elementary price indices," AStA Advances in Statistical Analysis, Springer;German Statistical Society, vol. 102(1), pages 67-93, January.
    15. Renigier-Biłozor Małgorzata & Wiśniewski Radosław, 2012. "The Impact of Macroeconomic Factors on Residential Property Price Indices in Europe," Folia Oeconomica Stetinensia, Sciendo, vol. 12(2), pages 103-125, December.
    16. Esmeralda A. Ramalho & Joaquim J.S. Ramalho, 2014. "Convenient links for the estimation of hedonic price indexes: the case of unique, infrequently traded assets," Statistica Neerlandica, Netherlands Society for Statistics and Operations Research, vol. 68(2), pages 91-117, May.
    17. François Bonnieux & Gildas Appéré & Abdelhak Nassiri & Muriel Travers, 2008. "Évaluation des bénéfices environnementaux par la méthode des prix hédonistes : une application au cas du littoral," Économie et Prévision, Programme National Persée, vol. 185(4), pages 47-62.
    18. Silvia Banfi & Massimo Filippini & Andrea Horehájová, 2007. "Hedonic Price Functions for Zurich and Lugano with Special Focus on Electrosmog," CEPE Working paper series 07-57, CEPE Center for Energy Policy and Economics, ETH Zurich.
    19. Bernardo Alves Furtado, 2011. "Neighbourhoods in Urban Economics," Urban Studies, Urban Studies Journal Limited, vol. 48(13), pages 2827-2847, October.
    20. Yang Wang & Xiaoli Yue & Hong’ou Zhang & Yongxian Su & Jing Qin, 2021. "Relationship between Urban Floating Population Distribution and Livability Environment: Evidence from Guangzhou’s Urban District, China," Sustainability, MDPI, vol. 13(23), pages 1-15, December.
    21. Quan Gan & Robert J. Hill, 2008. "A New Perspective on the Relationship Between House Prices and Income," Discussion Papers 2008-13, School of Economics, The University of New South Wales.
    22. Andersson, Matts & Mandell, Svante & Thörn, Helena Braun & Gomér, Ylva, 2016. "The effect of minimum parking requirements on the housing stock," Transport Policy, Elsevier, vol. 49(C), pages 206-215.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chris Leishman & Greg Costello & Steven Rowley & Craig Watkins, 2013. "The Predictive Performance of Multilevel Models of Housing Sub-markets: A Comparative Analysis," Urban Studies, Urban Studies Journal Limited, vol. 50(6), pages 1201-1220, May.
    2. Mahdieh Yazdani, 2021. "House Price Determinants and Market Segmentation in Boulder, Colorado: A Hedonic Price Approach," Papers 2108.02442, arXiv.org.
    3. Marko Kryvobokov, 2011. "Defining apartment neighbourhoods with Thiessen polygons and fuzzy equality clustering," ERES eres2011_142, European Real Estate Society (ERES).
    4. Keemin Sohn, 2013. "Feature Mapping the Seoul Metro Station Areas Based on a Self-Organizing Map," Journal of Urban Technology, Taylor & Francis Journals, vol. 20(4), pages 23-42, October.
    5. David C. Wheeler & Antonio Páez & Jamie Spinney & Lance A. Waller, 2014. "A Bayesian approach to hedonic price analysis," Papers in Regional Science, Wiley Blackwell, vol. 93(3), pages 663-683, August.
    6. Tom Kauko, 2004. "A Comparative Perspective on Urban Spatial Housing Market Structure: Some More Evidence of Local Sub-markets Based on a Neural Network Classification of Amsterdam," Urban Studies, Urban Studies Journal Limited, vol. 41(13), pages 2555-2579, December.
    7. Xiaolong Liu, 2013. "Spatial and Temporal Dependence in House Price Prediction," The Journal of Real Estate Finance and Economics, Springer, vol. 47(2), pages 341-369, August.
    8. Ingrid Nappi‐Choulet Pr. & Tristan‐Pierre Maury, 2009. "A Spatiotemporal Autoregressive Price Index for the Paris Office Property Market," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 37(2), pages 305-340, June.
    9. Zohrabyan, Tatevik & Leatham, David J. & Bessler, David A., 2008. "Cointegration Analysis of Regional House Prices in U.S," 2007 Agricultural and Rural Finance Markets in Transition, October 4-5, 2007, St. Louis, Missouri 48138, Regional Research Committee NC-1014: Agricultural and Rural Finance Markets in Transition.
    10. Füss, Roland & Koller, Jan A., 2016. "The role of spatial and temporal structure for residential rent predictions," International Journal of Forecasting, Elsevier, vol. 32(4), pages 1352-1368.
    11. C. Y. Yiu & K. F. Man & S. K. Wong, 2008. "Trading Volume and Price Dispersion in Housing Markets," Journal of Property Research, Taylor & Francis Journals, vol. 25(3), pages 203-219, December.
    12. Petra Visser & Frank Van Dam & Pieter Hooimeijer, 2008. "Residential Environment And Spatial Variation In House Prices In The Netherlands," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 99(3), pages 348-360, July.
    13. Katja Hanewald & Michael Sherris, 2013. "Postcode-Level House Price Models for Banking and Insurance Applications," The Economic Record, The Economic Society of Australia, vol. 89(286), pages 411-425, September.
    14. Steven C. Bourassa & Eva Cantoni & Martin Hoesli, 2005. "Spatial Dependence, Housing Submarkets, and House Prices," FAME Research Paper Series rp151, International Center for Financial Asset Management and Engineering.
    15. Tomás Cox & Ricardo Hurtubia, 2021. "Latent Segmentation of Urban Space through Residential Location Choice," Networks and Spatial Economics, Springer, vol. 21(1), pages 199-228, March.
    16. Dieudonné Tchuente & Serge Nyawa, 2022. "Real estate price estimation in French cities using geocoding and machine learning," Annals of Operations Research, Springer, vol. 308(1), pages 571-608, January.
    17. Katja Hanewald & Michael Sherris, 2011. "House Price Risk Models for Banking and Insurance Applications," Working Papers 201118, ARC Centre of Excellence in Population Ageing Research (CEPAR), Australian School of Business, University of New South Wales.
    18. José-María Montero & Román Mínguez & Gema Fernández-Avilés, 2018. "Housing price prediction: parametric versus semi-parametric spatial hedonic models," Journal of Geographical Systems, Springer, vol. 20(1), pages 27-55, January.
    19. Costanigro, Marco & McCluskey, Jill J. & Mittelhammer, Ronald C., 2006. "Identifying submarket in the wine industry: a multivariate approach to hedonic regression," 2006 Annual meeting, July 23-26, Long Beach, CA 21370, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    20. Arnab Bhattacharjee & Eduardo Castro & Taps Maiti & João Marques, 2014. "Endogenous spatial structure and delineation of submarkets: A new framework with application to housing markets," SEEC Discussion Papers 1403, Spatial Economics and Econometrics Centre, Heriot Watt University.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jhouse:v:13:y:2004:i:2:p:136-153. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/622881 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.