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Estimating Price Paths for Residential Real Estate


  • Mark A. Sunderman

    () (University of Wyoming, Laramie, WY 82071)

  • John W. Birch

    () (University of Wyoming, Laramie, WY 82071)


Several approaches have been used to estimate and adjust for price movements in residential real estate; however, weaknesses remain in current systems. This paper incorporates a different way of measuring temporal price patterns. The method involves a time series model, an approach not previously employed when estimating real estate price movements. Using illustrative data, it is indicated that the proposed technique is likely more accurate than current procedures. The method also represents a significant adaptation of standard time series models. For the task at hand, the new model is arguably preferable to these more standard versions.

Suggested Citation

  • Mark A. Sunderman & John W. Birch, 2003. "Estimating Price Paths for Residential Real Estate," Journal of Real Estate Research, American Real Estate Society, vol. 25(3), pages 277-300.
  • Handle: RePEc:jre:issued:v:25:n:3:2003:p:277-300

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    Cited by:

    1. Kashian, Russ & Eiswerth, Mark E. & Skidmore, Mark, 2006. "Lake Rehabilitation and the Value of Shoreline Real Estate: Evidence from Delavan, Wisconsin," The Review of Regional Studies, Southern Regional Science Association, vol. 36(2), pages 221-238.

    More about this item

    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services


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