IDEAS home Printed from https://ideas.repec.org/a/jre/issued/v25n32003p277-300.html
   My bibliography  Save this article

Estimating Price Paths for Residential Real Estate

Author

Listed:
  • Mark A. Sunderman

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

  • John W. Birch

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

Abstract

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
    as

    Download full text from publisher

    File URL: http://pages.jh.edu/jrer/papers/pdf/past/vol25n03/02.277_300.pdf
    File Function: Full text
    Download Restriction: no

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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

    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:jre:issued:v:25:n:3:2003:p:277-300. 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). General contact details of provider: http://www.aresnet.org/ .

    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.

    We have no references for this item. You can help adding them by using 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.