Changes in the distribution of house prices over time: Structural characteristics, neighborhood, or coefficients?
AbstractQuantile hedonic house price function estimates imply that appreciation rates were higher between 1995 and 2005 for high-priced homes in Chicago. Decompositions of temporal changes in the house price distribution suggest that the types of homes sold and their location do not account for the change in the price distribution. Rather, higher appreciation rates for high-priced homes are explained by differences in the quantile regression coefficients over time.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Urban Economics.
Volume (Year): 64 (2008)
Issue (Month): 3 (November)
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Web page: http://www.elsevier.com/locate/inca/622905
Price index Housing Repeat sales Quantile;
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