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Price and Hedonic Heterogeneity Measures in Local Housing Markets

Author

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  • Sommervoll, Dag Einar

    (Centre for Land Tenure Studies, Norwegian University of Life Sciences)

Abstract

In this paper, we develop a local housing stock heterogeneity measure. This measure may be used to monitor housing stock heterogeneity over time and in combination with other measures of policy interest. We illustrate the latter by looking at local housing stock heterogeneity, house price variation (measured by local Gini coefficients), and affordability measures.

Suggested Citation

  • Sommervoll, Dag Einar, 2023. "Price and Hedonic Heterogeneity Measures in Local Housing Markets," CLTS Working Papers 2/23, Norwegian University of Life Sciences, Centre for Land Tenure Studies.
    • Handle: RePEc:hhs:nlsclt:2023_002
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    More about this item

    Keywords

    Housing market; Heterogeneity; segregation;
    All these keywords.

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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