Every house is different. It is important that house price indexes take account of these quality
differences. Hedonic methods which express house prices as a function of a vector of …

This chapter reviews the evidence of predictability in US residential and commercial real
estate markets. First, we highlight the main methodologies used in the construction of real …

The hedonic property-value model has been refined over more than forty years to become
one of the premier approaches to valuing environmental amenities. This article presents …

We maintain that the appropriate definition of submarkets depends on the use to which they
will be put. For mass appraisal purposes, submarkets should be defined so that the accuracy …

Evaluating the impact of public mass transit systems on real-estate values is an important
application of the hedonic price model (HPM). Recently, a mathematical transformation of …

In many countries, wind turbines are constructed as part of a strategy to reduce dependence
on fossil fuels. In this paper, we measure the external effect of wind turbines on the …

This article examines a number of hypotheses that underpin the repeat-sales and hedonic
approaches to the construction of housing price indices, as well as the practical problems …

Liquidity in private asset markets is notoriously variable over time. Therefore, indices of
changes in market value that are based on asset transaction prices will systematically reflect …

Abstract Analysis of variations in house values among localities requires reliable house
value indices. Gatzlaff and Haurin (1994) indicate that traditional hedonic house value index …

We consider the role that seller motivation plays in determining selling time, list price and
sale price. A new survey of home sellers suggests that sellers are heterogeneous in their …