IDEAS home Printed from https://ideas.repec.org/a/cpp/issued/v18y1992i1p57-61.html
   My bibliography  Save this article

Monitoring Price Behaviour in the Resale Housing Market: A Note on Measurement and Implications for Policy

Author

Listed:
  • Arthur J. Hosios
  • James E. Pesando

Abstract

The authors compare their constant-quality index of house prices in Toronto for the period 1974-89 with the standard Multiple Listing Service (MLS) index, which has widely acknowledged limitations. The short-run signals regarding price movements often diverge, and the MLS index suggests a more rapid rate of price escalation. They review the importance of accurate measures of resale prices to the formulation of housing policy, and to the related issue of whether the housing market is efficient.

Suggested Citation

  • Arthur J. Hosios & James E. Pesando, 1992. "Monitoring Price Behaviour in the Resale Housing Market: A Note on Measurement and Implications for Policy," Canadian Public Policy, University of Toronto Press, vol. 18(1), pages 57-61, March.
  • Handle: RePEc:cpp:issued:v:18:y:1992:i:1:p:57-61
    as

    Download full text from publisher

    File URL: http://links.jstor.org/sici?sici=0317-0861%28199203%2918%3A1%3C57%3AMPBITR%3E2.0.CO%3B2-M
    Download Restriction: only available to JSTOR subscribers

    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. Case, Karl E & Shiller, Robert J, 1989. "The Efficiency of the Market for Single-Family Homes," American Economic Review, American Economic Association, vol. 79(1), pages 125-137, March.
    Full references (including those not matched with items on IDEAS)

    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:cpp:issued:v:18:y:1992:i:1:p:57-61. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Prof. Werner Antweiler). General contact details of provider: http://economics.ca/cpp/ .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.