Mass appraisal of residential apartments: An application of Random forest for valuation and a CART-based approach for model diagnostics

EA Antipov, EB Pokryshevskaya - Expert systems with applications, 2012 - Elsevier
To the best knowledge of authors, the use of Random forest as a potential technique for
residential estate mass appraisal has been attempted for the first time. In the empirical study …

Measuring the impact of light rail systems on single-family home values: A hedonic approach with geographic information system application

H Chen, A Rufolo, KJ Dueker - Transportation Research …, 1998 - journals.sagepub.com
In theory, proximity to light rail transit (LRT) may have two different effects on residential
property values. On the one hand, accessibility (proximity to LRT stations) may increase …

The effects of expected transport improvements on housing prices

CY Yiu, SK Wong - Urban studies, 2005 - journals.sagepub.com
Improvements in transport were commonly found to have a positive effect on the price of
housing. As the construction of infrastructure often lasts for years, it is plausible to assume …

Residential property value and locational externalities: On the complementarity and substitutability of approaches

T Kauko - Journal of Property Investment & Finance, 2003 - emerald.com
It is well‐known from the literature that locational externalities influence the price formation
of residential property. This effect is usually studied empirically with the hedonic price …

Residential land values and walkability

SY Rauterkus, N Miller - Journal of Sustainable Real …, 2011 - meridian.allenpress.com
We examine 5,603 property transactions in Jefferson County, Alabama that take place
between 2004 and 2008. Using OLS regressions, we estimate the extent to which …

Estimating capital asset price indexes

RC Hill, JR Knight, CF Sirmans - Review of Economics and Statistics, 1997 - direct.mit.edu
This paper introduces an improved procedure for estimating capital asset price indexes. We
jointly estimate conventional hedonic and repeat sales models via maximum-likelihood …

Interactive application of computer assisted mass appraisal and geographic information systems

W McCluskey, W Deddis, A Mannis… - Journal of Property …, 1997 - emerald.com
Provides an outline of research seeking to apply to computer assisted mass appraisal
(CAMA) model capable of use within a geographic information system (GIS). The end …

Explaining the spatial variation in housing prices: an economic geography approach

K De Bruyne, J Van Hove - Applied Economics, 2013 - Taylor & Francis
Housing prices vary geographically, even between neighbouring municipalities. Local
differences can be attributed to differences in socio-economic variables and real estate …

Determining apartment rent: the value of amenities, services and external factors

S Sirmans, C Sirmans, J Benjamin - Journal of Real Estate …, 1989 - Taylor & Francis
This paper examines the effects of various amenities, services, and external factors on rent
for multifamily housing. The attributes studied include amenities and services such as …

The impact of the California earthquake on real estate firms' stock value

R Shelor, D Anderson, M Cross - Journal of Real Estate Research, 1990 - Taylor & Francis
The purpose of this study is to examine the effect of the October 17, 1989 California
earthquake on the stock value of firms involved in the real estate industry. The impact of the …