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A spatio-temporal model of housing prices based on individual sales transactions over time

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  • Tony Smith
  • Peggy Wu

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  • Tony Smith & Peggy Wu, 2009. "A spatio-temporal model of housing prices based on individual sales transactions over time," Journal of Geographical Systems, Springer, vol. 11(4), pages 333-355, December.
    • Handle: RePEc:kap:jgeosy:v:11:y:2009:i:4:p:333-355
    DOI: 10.1007/s10109-009-0085-9
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    References listed on IDEAS

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    1. Pace, R. Kelley & Barry, Ronald & Gilley, Otis W. & Sirmans, C. F., 2000. "A method for spatial-temporal forecasting with an application to real estate prices," International Journal of Forecasting, Elsevier, vol. 16(2), pages 229-246.
    2. Luc Anselin & Raymond J. G. M. Florax, 1995. "Small Sample Properties of Tests for Spatial Dependence in Regression Models: Some Further Results," Advances in Spatial Science, in: Luc Anselin & Raymond J. G. M. Florax (ed.), New Directions in Spatial Econometrics, chapter 2, pages 21-74, Springer.
    3. Anselin, Luc & Moreno, Rosina, 2003. "Properties of tests for spatial error components," Regional Science and Urban Economics, Elsevier, vol. 33(5), pages 595-618, September.
    4. Wansbeek, Tom & Kapteyn, Arie, 1985. "Estimation in a Linear Model with Serially Correlated Errors When Observations Are Missing," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 26(2), pages 469-490, June.
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    Citations

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    Cited by:

    1. Karolien De Bruyne & Jan Van Hove, 2013. "Explaining the spatial variation in housing prices: an economic geography approach," Applied Economics, Taylor & Francis Journals, vol. 45(13), pages 1673-1689, May.
    2. Filippova, Olga & Sheng, Mingyue, 2020. "Impact of bus rapid transit on residential property prices in Auckland, New Zealand," Journal of Transport Geography, Elsevier, vol. 86(C).
    3. Ilir Nase & Jim Berry & Alastair Adair, 2016. "Impact of quality-led design on real estate value: a spatiotemporal analysis of city centre apartments," Journal of Property Research, Taylor & Francis Journals, vol. 33(4), pages 309-331, October.
    4. Thanos, Sotirios & Dubé, Jean & Legros, Diègo, 2016. "Putting time into space: the temporal coherence of spatial applications in the housing market," Regional Science and Urban Economics, Elsevier, vol. 58(C), pages 78-88.
    5. Linda Gerkman, 2012. "Empirical spatial econometric modelling of small scale neighbourhood," Journal of Geographical Systems, Springer, vol. 14(3), pages 283-298, July.
    6. Jean Dubé & Diègo Legros & Sotirios Thanos, 2018. "Past price ‘memory’ in the housing market: testing the performance of different spatio-temporal specifications," Spatial Economic Analysis, Taylor & Francis Journals, vol. 13(1), pages 118-138, January.
    7. Dubé, Jean & Legros, Diègo & Thériault, Marius & Des Rosiers, François, 2014. "A spatial Difference-in-Differences estimator to evaluate the effect of change in public mass transit systems on house prices," Transportation Research Part B: Methodological, Elsevier, vol. 64(C), pages 24-40.
    8. Nicolás Durán & J. Paul Elhorst, 2023. "Induced earthquakes and house prices: the role of spatiotemporal and global effects," Journal of Geographical Systems, Springer, vol. 25(2), pages 157-183, April.
    9. Hyun, Dongwoo & Milcheva, Stanimira, 2018. "Spatial dependence in apartment transaction prices during boom and bust," Regional Science and Urban Economics, Elsevier, vol. 68(C), pages 36-45.
    10. Duran, Nicolas & Elhorst, J. Paul, 2017. "A Spatio-temporal-similarity and Common Factor Approach of Individual Housing Prices," Research Report 2018007-EEF, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    11. Sotirios Thanos & Abigail L. Bristow & Mark R. Wardman, 2015. "Residential Sorting And Environmental Externalities: The Case Of Nonlinearities And Stigma In Aviation Noise Values," Journal of Regional Science, Wiley Blackwell, vol. 55(3), pages 468-490, June.
    12. Jean Dubé & Diègo Legros, 2013. "Dealing with spatial data pooled over time in statistical models," Letters in Spatial and Resource Sciences, Springer, vol. 6(1), pages 1-18, March.
    13. Tiziana Caliman & Enrico di Bella, 2011. "Spatial Autoregressive Models for House Price Dynamics in Italy," Economics Bulletin, AccessEcon, vol. 31(2), pages 1837-1855.

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    More about this item

    Keywords

    Housing prices; Spatio-temporal models; Autocorrelation; R21; R23; R31; C21;
    All these keywords.

    JEL classification:

    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models

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