Using Geographic Information Systems to Improve Real Estate Analysis
Geographic information systems (GIS) technology provides users with the ability to improve real estate analysis. First, we describe GIS in general and then discuss some GIS real estate applications. Next, we illustrate how GIS can be used to calculate a shortest-path algorithm that produces a location variable superior to the traditionally used straight-line distance variable. Our sample provides empirical evidence of a statistically significant relationship between residential sales prices and the additional information provided by the GIS-created variable.
Volume (Year): 10 (1995)
Issue (Month): 2 ()
|Contact details of provider:|| Postal: |
Web page: http://www.aresnet.org/Email:
|Order Information:|| Postal: Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323|
Web: http://pages.jh.edu/jrer/about/get.htm Email:
When requesting a correction, please mention this item's handle: RePEc:jre:issued:v:10:n:2:1995:p:163-174. 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: (JRER Graduate Assistant/Webmaster)
If references are entirely missing, you can add them using this form.