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National Transaction-based Land Price Indices

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  • C. Sirmans

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  • Barrett Slade

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Abstract

Using data on a large sample of land transactions, this paper develops quarterly national land price indices for residential, commercial, and industrial land use categories over the 20 years period from 1991 to 2009. We find significant differences in variability across land uses, with residential exhibiting the most volatility. Our particular interest in this paper is to compare intertemporal land prices with other prominant real estate indices. In all cases, the transaction-based land price indices leads the other indices. Copyright Springer Science+Business Media, LLC 2012

Suggested Citation

  • C. Sirmans & Barrett Slade, 2012. "National Transaction-based Land Price Indices," The Journal of Real Estate Finance and Economics, Springer, vol. 45(4), pages 829-845, November.
  • Handle: RePEc:kap:jrefec:v:45:y:2012:i:4:p:829-845
    DOI: 10.1007/s11146-011-9306-3
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    References listed on IDEAS

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    Cited by:

    1. repec:eee:regeco:v:66:y:2017:i:c:p:224-246 is not listed on IDEAS
    2. William M. Doerner & Andrew V. Leventis, 2013. "Distressed Sales and the FHFA House Price Index," FHFA Staff Working Papers 13-01, Federal Housing Finance Agency.
    3. Liu, Zheng & Miao, Jianjun & Zha, Tao, 2016. "Land prices and unemployment," Journal of Monetary Economics, Elsevier, vol. 80(C), pages 86-105.
    4. repec:spr:anresc:v:60:y:2018:i:1:d:10.1007_s00168-016-0789-y is not listed on IDEAS
    5. Jing Wu & Joseph Gyourko & Yongheng Deng, 2013. "Is There Evidence of a Real Estate Collateral Channel Effect on Listed Firm Investment in China?," NBER Working Papers 18762, National Bureau of Economic Research, Inc.
    6. Cohen, Jeffrey P. & Coughlin, Cletus C. & Clapp, John M., 2015. "Local Polynomial Regressions versus OLS for Generating Location Value Estimates: Which is More Efficient in Out-of-Sample Forecasts?," Working Papers 2015-14, Federal Reserve Bank of St. Louis, revised 29 Oct 2015.
    7. repec:kap:jrefec:v:54:y:2017:i:3:d:10.1007_s11146-016-9570-3 is not listed on IDEAS
    8. repec:eee:regeco:v:69:y:2018:i:c:p:69-76 is not listed on IDEAS

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