Hierarchical Linear Modeling to Explore the Influence of Satisfaction with Public Facilities on Housing Prices
AbstractThis paper uses hierarchical linear modeling (HLM) to explore the influence of satisfaction with public facilities on both individual residential and overall (or regional) levels on housing prices. The empirical results indicate that the average housing prices between local cities and counties exhibit significant variance. At the macro level, the explanatory power of the variable ¡§convenience of life¡¨ on the average housing prices of all counties and cities reaches the 5% significance level. The influence of the satisfaction with convenience of life in different counties and cities on housing prices exhibits significant variances.
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Bibliographic InfoArticle provided by Asian Real Estate Society in its journal International Real Estate Review.
Volume (Year): 12 (2009)
Issue (Month): 3 ()
Contact details of provider:
Postal: Asia Real Estate Society, 51 Monroe Street, Plaza E-6, Rockville, MD 20850, USA
Web page: http://www.asres.org/
Postal: Asian Real Estate Society, 51 Monroe Street, Plaza E-6, Rockville, MD 20850, USA
Find related papers by JEL classification:
- L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services
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- Lee Chun Chang & Hui-Yu Lin, 2012. "The Impact of Neighborhood Characteristics on Housing Prices-An Application of Hierarchical Linear Modeling," International Journal of Management and Sustainability, Asian Economic and Social Society, vol. 1(2), pages 31-44, December.
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