Sales Value of Residential Property
|
|
- Ella Tate
- 5 years ago
- Views:
Transcription
1 Sales Value of Resdental Property y = b X D2 +b D3 +b A y = sales value of the property (dollars) X = square feet of lvng space D1=dummy vble for one bedroom home D2=dummy vble for two bedroom home D3=dummy vble for three bedroom home A1=dummy vble for one bathroom home A2=dummy vble for two bathroom home For a one-bedroom, one-bathroom home, such that D2=0, D3=0, and A2=0, we have: y = b 1 2 X 1 bedroom, 1 bathroom
2 sellng prce y b 1 +b 4 +b 5 b 1 +b 4 b 1 +b 3 +b 5 House Sales Model wth Restrcted Intercepts y = b 1 2 X 3 D2 4 D3 5 A2 D3-A2 (three bed, two bath) D3-A1 (three bed, one bath) D2-A2 (two bed, two bath) D2-A1 (two bed, one bath) D1-A2 (one bed, two bath) D1-A1 (one bed,one bath) b 1 +b 3 b 1 +b 5 b 2 b 1 0 X square feet of lvng space
3 Sales Value of Resdental Property y = b 1 2 X 3 D2 +b 4 D3 +b 5 A2 For a 2-bedroom, 1-bathroom home, we have D2=1, D3=0, and A2=0 y = (b 1 3 ) 2 X 2 bedroom, 1 bathroom
4 Sales Value of Resdental Property y = b 1 2 X 3 D2 4 D3 5 A2 For a 1-bedroom, 2-bathroom home, we have D2=0, D3=0, and A2=1 y = (b 1 5 ) 2 X 1 bedroom, 2 bathroom
5 Sales Value of Resdental Property y = b 1 2 X 3 D2 4 D3 5 A2 For a 2-bedroom, 2-bathroom home, we have D2=1, D3=0, and A2=1 y = (b ) 2 X 2 bedroom, 2 bathroom y = (b ) 2 X 3 bedroom, 2 bathroom y = (b 1 4 ) 2 X 3 bedroom, 1 bathroom
6 Sales Value of Resdental Property y = b 1 2 X 3 D2 4 D3 5 A2 y = sales value of the property (dollars) X = square feet of lvng space D1=dummy vble for one bedroom home D2=dummy vble for two bedroom home D3=dummy vble for three bedroom home A1=dummy vble for one bathroom home A2=dummy vble for two bathroom home D2A2 = nteracton two-bed & two-bath D3A2 = nteracton three-bed & two-bath y = β 1 + β 2 X + β 3 D2 + β 4 D3 + β 5 A2 + β 6 D2A2 + β 7 D3A2
7 Ths one equaton wth all these dummy varables actually s representng sx equatons. You must substtute n for each of the dummy varables n order to generate the sx equatons that are mpled by ths one dummy varable equaton. y = b 1 2 X 3 D2 4 D3 5 A2 6 D2A2 7 D3A2 For a one-bedroom, one-bathroom home, such that D2=0, D3=0, and A2=0, we have: y = b 1 2 X 1 bedroom, 1 bathroom
8 House Sales Model wth Unrestrcted Intercepts sellng prce y D3-A2 (three bed, two bath) D3-A1 (three bed, one bath) D2-A2 (two bed, two bath) D2-A1 (two bed, one bath) D1-A2 (one bed, two bath) D1-A1 (one bed,one bath) b 2 b 1 0 X square feet of lvng space
9 y = β 1 + β 2 X + β 3 D2 + β 4 D3 + β 5 A2 + β 6 D2A2 + β 7 D3A2 two-bedroom, one-bathroom D1=0, D2=1, D3=0 and A1=1, A2=0 y = (β 1 + β 3 ) + β 2 X 2 bedroom, 1 bathroom now graph t! =======>
10 House Sales Model wth Unrestrcted Intercepts sellng prce y D3-A2 (three bed, two bath) D3-A1 (three bed, one bath) D2-A2 (two bed, two bath) D2-A1 (two bed, one bath) D1-A2 (one bed, two bath) D1-A1 (one bed,one bath) b 1 +b 3 b 1 0 X square feet of lvng space
11 y = b 1 2 X 3 D2 4 D3 5 A2 6 D2A2 7 D3A2 one-bedroom, two-bathroom D1=1, D2=0, D3=0 and A1=0, A2=1 y = (b 1 5 ) 2 X 1 bedroom, 2 bathroom now graph t! =======>
12 House Sales Model wth Unrestrcted Intercepts sellng prce y D3-A2 (three bed, two bath) D3-A1 (three bed, one bath) D2-A2 (two bed, two bath) D2-A1 (two bed, one bath) D1-A2 (one bed, two bath) D1-A1 (one bed,one bath) b 1 +b 3 b 1 +b 5 b 1 0 X square feet of lvng space
13 y = b 1 2 X 3 D2 4 D3 5 A2 6 D2A2 7 D3A2 two-bedroom, two-bathroom D1=0, D2=1, D3=0 and A1=0, A2=1 y = (b b 6 ) +b 2 X 2 bedroom, 2 bathroom now graph t! =======>
14 House Sales Model wth Unrestrcted Intercepts sellng prce y b 1 +b 3 +b 5 +b 6 D3-A2 (three bed, two bath) D3-A1 (three bed, one bath) D2-A2 (two bed, two bath) D2-A1 (two bed, one bath) D1-A2 (one bed, two bath) D1-A1 (one bed,one bath) b 1 +b 3 b 1 +b 5 b 1 0 X square feet of lvng space
15 House Sales Model wth Unrestrcted Intercepts sellng prce y b 1 +b 4 +b 5 +b 7 b 1 +b 4 b 1 +b 3 +b 5 +b 6 D3-A2 (three bed, two bath) D3-A1 (three bed, one bath) D2-A2 (two bed, two bath) D2-A1 (two bed, one bath) D1-A2 (one bed, two bath) D1-A1 (one bed,one bath) b 1 +b 3 b 1 +b 5 b 1 0 X square feet of lvng space
16 How do we create composte dummy varables? Bathrooms Want to account for nteracton between race and gender. 1 2 Bedrooms
17 Garage vs. Bedrooms vs. Bathrooms Bedrooms Baths: Garage
18 Karnaugh Map for Garage, Bedrooms, Bathrooms, and School Dstrct: Bedrooms S C H O O L A B Baths: Garage all Garage all
19 Composte dummy varables are created for each nonempty cell. Create four composte dummy varables: D1A1=1 f one bedroom, one bath; D1A2=1 f one bedroom, two bath; D2A1=1 f two bedroom, one bath; D2A2=1 f two bedroom, two bath;.
20 Testng effect of 2nd Bathroom on Sales Value: Y ˆ = b X S S X H 0 : β 3 0 vs. H 1 : β 3 > 0 H 0 : β 5 0 vs. H 1 : β 5 > 0 b 3 Est. Varb 3 t n 4 b 5 Est. Var b 5 tn 4
21 Testng Ho: β3 = β5 = 0 H1 : otherwse (SSE R SSE U )/ 2 SSE U /(n 4) F 2 n 4 and n =1 SSE U = (y b 1 b 2 X b 3 S b 5 S X ) 2 n SSE R = (y b 1 b 2 X ) 2 = 1
22 Sale of House wth Bed and Bath Dummes PRICE = f ( SQFEET, D2BED, B3BED, A2BATH ) I. SQFEET = square feet of lvng space II. D2BED = dummy=1 f two-bedroom house III. D3BED = dummy=1 f three-bedroom house IV. A2BATH = dummy=1 f two-bathroom house I. II. III. IV. PRICE (thousands)
23 Sale of House wth Bed and Bath Dummes PRICE = f ( SQFEET, D2BED, B3BED, A2BATH ) DEP VAR: PRICE N: 10 MULTIPLE R: SQUARED MULTIPLE R: ADJUSTED SQUARED MULTIPLE R: STD ERROR OF ESTIMATE: 3.40 VARIABLE COEFF STD ERR T P(2-TAIL) INTERCEPT SQFEET D2BED D3BED A2BATH ( for 1,000 square feet: = or $14,518 )
24 Regresson Analyss of Sale of Resdental Property VARIABLE COEFF STD ERR T P(2-TAIL) INTERCEPT SQFEET D2BED D3BED A2BATH for 1,000 square feet: = or $14,518 add a bathroom: $14,518 4,883 $19,401 add a bedroom: $14,518 14,662 $29,180 add 2 bedrooms: $14,518 29,803 $44,321 add bath and 2 bedrooms: 14, , ,803 = $49,204
25 Sale of House wth Bed and Bath Dummes PRICE = f ( SQFEET, D2BED, B3BED, A2BATH ) DEP VAR: PRICE N: 10 MULTIPLE R: SQUARED MULTIPLE R: ADJUSTED SQUARED MULTIPLE R: STD ERROR OF ESTIMATE: 3.40 ANALYSIS OF VARIANCE SOURCE SUM-OF-SQUARES DF MEAN-SQ F-RATIO P REGRESSION RESIDUAL DURBIN-WATSON D STATISTIC: FIRST ORDER AUTOCORRELATION COEFF:
26 Plot of House Prce x Square Feet 150 bgger houses cost more! 100 PRICE SQFEET
27 Plot of Orgnal Data Ponts SYSTAT GRAPH PRICE SQFEET
28 Plot Prce of 1 & 2 Bathroom Houses SYSTAT GRAPH thousand $ looks lke a fxed upward shft n prce! PRICE A2BATH
Stat 301 Exam 2 November 5, 2013 INSTRUCTIONS: Read the questions carefully and completely. Answer each question and show work in the space provided.
Stat 301 Exam 2 November 5, 2013 Name: INSTRUCTIONS: Read the questions carefully and completely. Answer each question and show work in the space provided. Partial credit will not be given if work is not
More informationSTAT 200. Guided Exercise 8 ANSWERS
STAT 200 Guided Exercise 8 ANSWERS For On- Line Students, be sure to: Key Topics Submit your answers in a Word file to Sakai at the same place you downloaded the file Remember you can paste any Excel or
More informationThe Impact of Deep Tunnels on Property Value
Appraisal Study The Impact of Deep Tunnels on Property Value A Study of the Lake City Tunnel Seattle, Washington Synopsis This appraisal study is performed to determine whether or not the presence of a
More informationDeterminants of Goodwill in Retail Properties in Seoul
Determinants of Goodwill in Retail Properties in Seoul Seung-Young Jeong, PhD Dankook University Seoul, Korea Email: jkj0519@hotmail.com and Jinu Kim, PhD School of the Built Environment The University
More information11.433J / J Real Estate Economics
MIT OpenCourseWare http://ocw.mit.edu 11.433J / 15.021J Real Estate Economics Fall 2008 For information about citing these materials or our Terms of Use, visit: http://ocw.mit.edu/terms. Week 3: The Urban
More informationEffect of foreclosure status on residential selling price: Comment
Public Policy and Leadership Faculty Publications School of Public Policy and Leadership 3-1997 Effect of foreclosure status on residential selling price: Comment Thomas M. Carroll University of Nevada,
More informationTESTING FOR COOPERATIVE BEHAVIOR: AN EMPIRICAL STUDY OF LAND TENURE CONTRACTS IN TEXAS
TESTING FOR COOPERATIVE BEHAVIOR: AN EMPIRICAL STUDY OF LAND TENURE CONTRACTS IN TEXAS by Siddhartha Dasgupta Research Associate Department of Aquaculture / Fisheries University of Arkansas at Pine Bluff
More informationRight Sizing Parking for Sustainable Suburbs
Right Sizing Parking for Sustainable Suburbs Greg Newmark Center for Neighborhood Technology Makeover Montgomery II May 9, 2014 Photo Credit: Steven Vance/Flickr, Creative Commons License WHAT S THE PROBLEM?
More informationEFFECT OF TAX-RATE ON ZONE DEPENDENT HOUSING VALUE
EFFECT OF TAX-RATE ON ZONE DEPENDENT HOUSING VALUE Askar H. Choudhury, Illinois State University ABSTRACT Page 111 This study explores the role of zoning effect on the housing value due to different zones.
More informationANOVA Method (Gage Studies Variables)
STATGRAPHICS Rev. 9/16/013 ANOVA Method (Gage Studies Variables) Summary... 1 Data Input... 3 Run Chart... 6 Operator and Part Plot... 6 R&R Plot... 7 Analysis Summary... 8 Analysis Options... 10 Tolerance
More informationLAND VALUATION MODEL FOR LAND BANKS. Guy Thigpen, MUSA, MPhil Director of Analytics, Philadelphia Land Bank Doctoral Student, Philadelphia University
LAND VALUATION MODEL FOR LAND BANKS Guy Thigpen, MUSA, MPhil Director of Analytics, Philadelphia Land Bank Doctoral Student, Philadelphia University Land Banks What are they? Land Banks are public or community-owned
More informationPrice Indices: What is Their Value?
SKBI Annual Conferece May 7, 2013 Price Indices: What is Their Value? Susan M. Wachter Richard B. Worley Professor of Financial Management Professor of Real Estate and Finance Overview I. Why indices?
More informationDivergent Pathways of Gentrification: Racial Inequality and the Social Order of Renewal in Chicago Neighborhoods
Divergent Pathways of Gentrification: Racial Inequality and the Social Order of Renewal in Chicago Neighborhoods The Harvard community has made this article openly available. Please share how this access
More informationWORKING COPY: DO NOT CITE WITHOUT PERMISSION
Estmatng the Effect of Crme Rsk on Property Values and Tme on Market: Evdence from Megan s Law n Vrgna Raymond Brastow Federal Reserve Bank of Rchmond Raymond.Brastow@rch.frb.org Phone: 804-697-8668 Fax:
More informationSchool Quality and Property Values. In Greenville, South Carolina
Department of Agricultural and Applied Economics Working Paper WP 423 April 23 School Quality and Property Values In Greenville, South Carolina Kwame Owusu-Edusei and Molly Espey Clemson University Public
More informationWhat Factors Determine the Volume of Home Sales in Texas?
What Factors Determine the Volume of Home Sales in Texas? Ali Anari Research Economist and Mark G. Dotzour Chief Economist Texas A&M University June 2000 2000, Real Estate Center. All rights reserved.
More informationMULTIFAMILY APARTMENT MARKETS IN THE WEST: METRO AREA APARTMENT CYCLES AND THEIR TRENDS MANOVA TEST:
MULTIFAMILY APARTMENT MARKETS IN THE WEST: METRO AREA APARTMENT CYCLES AND THEIR TRENDS MANOVA TEST: CONSTRAINED AND UNCONSTRAINED MARKETS STRUCTURAL EFFECTIVE RENTS AND OCCUPANCY RATES Written by Lawrence
More informationSAS at Los Angeles County Assessor s Office
SAS at Los Angeles County Assessor s Office WUSS 2015 Educational Forum and Conference Anthony Liu, P.E. September 9-11, 2015 Los Angeles County Assessor s Office in 2015 Oversees 4,083 square miles of
More informationHedonic pricing approach to estimate flood damage in. Tokyo Metropolitan Area
Hedonc prcng approach to estmate flood damage n Tokyo Metropoltan Area Abstract There exsts a great deal of lterature on economc losses from flood dsasters. However, examnaton of the lterature rases concerns
More informationOutshine to Outbid: Weather-Induced Sentiments on Housing Market
Outshine to Outbid: Weather-Induced Sentiments on Housing Market Maggie R. Hu, Chinese University of Hong Kong Adrian D. Lee, University of Technology Sydney Philadelphia in Good Weather 2 Philadelphia
More informationCourse Commerical/Industrial Modeling Concepts Learning Objectives
Course 312 - Commerical/Industrial Modeling Concepts Learning Objectives Course Description Course 312 presents a detailed study of the mass appraisal process as applied to income-producing property. Topics
More informationCollateral Underwriter, Regression Models, Statistics, Gambling with your License
Collateral Underwriter, Regression Models, Statistics, Gambling with your License Keith Wolf, SRA, AI-RRS Kwolf Consulting Inc. Kwolf1021@gmail.com 05/20/2015 There are Lies, Damned Lies and Statistics
More informationRange Method (Gage Studies Variables)
Range Method (Gage Studies Variables) Summary... 1 Data Input... Operator and Part Plot... Range Chart by Part... 3 Analysis Summary... 4 Analysis Options... 6 Box and Whisker Plot... 6 Calculations...
More informationThe Housing Price Bubble, Monetary Policy, and the Foreclosure Crisis in the U.S.
The Housing Price Bubble, Monetary Policy, and the Foreclosure Crisis in the U.S. John F. McDonald a,* and Houston H. Stokes b a Heller College of Business, Roosevelt University, Chicago, Illinois, 60605,
More informationSelf-Storage Appraisal Sales Comparison Approach
Self-Storage Appraisal Sales Comparison Approach Everett (Allen) Greer, MAI, FRICS R. Christian Sonne, MAI, MRICS Cushman Wakefield, Self Storage Industry Group May 28, 2014 Appraisal Institute, Needham
More informationCan the coinsurance effect explain the diversification discount?
Can the coinsurance effect explain the diversification discount? ABSTRACT Rong Guo Columbus State University Mansi and Reeb (2002) document that the coinsurance effect can fully explain the diversification
More informationThe Nexus between Labor Wages and Property Rents in the Greater China Area
The Nexus between Labor Wages and Property Rents n the Greater Chna Area by Terence Ta-Leung Chong, Kenny Ch-Wa Shu and Vvan Wong Workng Paper No. 17 July 2013 Insttute of Global Economcs and Fnance The
More informationThe Municipal Property Assessment
Combined Residential and Commercial Models for a Sparsely Populated Area BY ROBERT J. GLOUDEMANS, BRIAN G. GUERIN, AND SHELLEY GRAHAM This material was originally presented on October 9, 2006, at the International
More informationAppendix to Forced Sales and House Prices
Appendix to Forced Sales and House Prices This appendix contains four parts: A. Regression specifications B. Data appendix C. Guide to appendix figures and tables D. Appendix figures and tables A. Regression
More informationThoroughfares and Apartment Values
THE JOURNAL OF REAL ESTATE RESEARCH 1 Thoroughfares and Apartment Values Paul K. Asabere* Forrest E. Huffman* Abstract. While the monocentric urban models were once adequate for predicting the declining
More informationHedonic House Price Index F ILIP S ÄTERBRINK
Hedonic House Price Index F ILIP S ÄTERBRINK Master of Science Thesis Stockholm, Sweden 2013 Hedonic House Price Index FILIP SÄTERBRINK Master s Thesis in Mathematical Statistics (30 ECTS credits) Master
More informationDo Property Assessors in Kentucky Value Residential Property at Fair Market Value?
University of Kentucky UKnowledge MPA/MPP Capstone Projects Martin School of Public Policy and Administration 2007 Do Property Assessors in Kentucky Value Residential Property at Fair Market Value? Brian
More informationMULTI-FAMILY OPPORTUNITY
MULTI-FAMILY OPPORTUNITY 3155 Pearl Dr, Fullerton, CA 92831 Exclusively Listed By Richard Bell 714-447-4900 Office 714-309-3549 Cell Richard@bellrealtyca.com Conveniently located in "Gems" area of Fullerton
More informationMULTI-FAMILY OPPORTUNITY
MULTI-FAMILY OPPORTUNITY 2989 Canyon Crest Dr., Riverside Exclusively Listed By Richard Bell (714) 309-3549 (714) 447-4900 Richard@BellRealtyCA.com Large Townhome style units with fireplaces, tile floors,
More informationHeterogeneity in the Neighborhood Spillover Effects of. Foreclosed Properties
Heterogeneity in the Neighborhood Spillover Effects of Foreclosed Properties Lei Zhang Edinboro University of Pennsylvania Tammy Leonard University of Texas at Dallas James C. Murdoch University of Texas
More informationDo Family Wealth Shocks Affect Fertility Choices?
Do Family Wealth Shocks Affect Fertility Choices? Evidence from the Housing Market Boom Michael F. Lovenheim (Cornell University) Kevin J. Mumford (Purdue University) Purdue University SHaPE Seminar January
More informationIs Mixed-Tenure Neighborhood Conducive to Neighborhood Satisfaction?
Is Mixed-Tenure Neighborhood Conducive to Neighborhood Satisfaction? Yiu, C.Y., Bayrak, M.M., Liao, K.H., Xu, J., He, Y., Maing, M. and Shen. J. January 22, 2016 International Interdisciplinary Students
More informationAllocation by Seller's Preference: Rent Stabilization and Housing Discrimination in New York City
Allocation by Seller's Preference: Rent Stabilization and Housing Discrimination in New York City Dirk W. Early Assistant Professor of Economics Department of Economics and Business Southwestern University
More informationA. K. Alexandridis University of Kent. D. Karlis Athens University of Economics and Business. D. Papastamos Eurobank Property Services S.A.
Real Estate Valuation And Forecasting In Nonhomogeneous Markets: A Case Study In Greece During The Financial Crisis A. K. Alexandridis University of Kent D. Karlis Athens University of Economics and Business.
More informationTHE VALUE OF LEED HOMES IN THE TEXAS REAL ESTATE MARKET A STATISTICAL ANALYSIS OF RESALE PREMIUMS FOR GREEN CERTIFICATION
THE VALUE OF LEED HOMES IN THE TEXAS REAL ESTATE MARKET A STATISTICAL ANALYSIS OF RESALE PREMIUMS FOR GREEN CERTIFICATION GREG HALLMAN SENIOR MANAGING DIRECTOR REAL ESTATE FINANCE AND INVESTMENT CENTER
More informationMORTGAGE INVESTMENT IN OSUN STATE: AN EVALUATION OF THE ROLE OF ESTATE SURVEYORS AND VALUERS
MORTGAGE INVESTMENT IN OSUN STATE: AN EVALUATION OF THE ROLE OF ESTATE SURVEYORS AND VALUERS Augustina Okorie 1, Daniel Dabara I 2 and I Abdullahi 3 1, 2 Estate Management Department, Federal Polytechnic
More informationintroduction hedonic model thematic map conclusions The interaction of land markets and housing markets in a spatial context: A case study of Helsinki
The interaction of land markets and housing markets in a spatial contet: A case study of Helsinki Risto PELTOLA, National Land Survey, Finland XXIII FIG Congress Munich, Germany, October 8-13, 26 The purpose
More informationPikes Peak area housing Market Statistics (As of: 2/28/2018)
Jan-1-1 -1-1 Jan-2-2 -2-2 Jan-3-3 -3-3 -4-4 -4-5 -5-5 -6-6 -6-7 -7-7 -8-8 -8-9 -9-9 -1-1 -1-11 -11-11 -12-12 -12-13 -13-13 -14-14 -14-15 -15-15 -16-16 -16-17 -17-17 Jan-1-1 -1-1 Jan-2-2 -2-2 Jan-3-3 -3-3
More informationDefinitions ad valorem tax Adaptive Estimation Procedure (AEP) - additive model - adjustments - algorithm - amenities appraisal appraisal schedules
Definitions ad valorem tax - in reference to property, a tax based upon the value of the property. Adaptive Estimation Procedure (AEP) - A computerized, iterative, self-referential procedure using properties
More information6 Units on 430 N Palos Verdes Street 430 N Palos Verdes Street San Pedro, CA 90731
6 Units on 430 N Palos Verdes Street Desirable Unit Mix of Four 1-Bedroom and Two 2-Bedroom Units Tremendous Upside in Rental Income as Units Turn Over Property is Separately Metered for Utilities Ample
More informationLand Assembly with Taxes, Not Takings. Mark DeSantis Chapman University One University Dr. Orange, CA
Land Assembly with Taxes, Not Takings Mark DeSantis Chapman University One University Dr. Orange, CA 92866 desantis@chapman.edu (714) 997-6957 Matthew W. McCarter University of Texas San Antonio One UTSA
More informationPikes Peak area housing Market Statistics (As of: 9/30/2018)
$156,25 $184, $174,697 $177,2 $21,53 $185,83 $173, $178,29 $172,25 $212,75 $21,95 $226,692 $197,5 $199, $196, $28, $25, $223,95 $216,75 $29,527 $234,9 $218,82 $229,74 $235,518 $231,457 $255, $259,11 $269,98
More informationHedonic Pricing Model Open Space and Residential Property Values
Hedonic Pricing Model Open Space and Residential Property Values Open Space vs. Urban Sprawl Zhe Zhao As the American urban population decentralizes, economic growth has resulted in loss of open space.
More informationFile Name: Gas_Use. Number of obs. 30. Number of. Variables: 1. Number of. Variable Gas Source: Timothy Welnetz
Table 1. Gas Use The gas use data are provided by Timothy Welnetz. The data was collected at his home in Madison, Wisconsin over the dates Sunday January 25, 2004 through Monday February 23, 2004 for a
More informationTrend (span) Last 4-6 Months (3-month period)
Local Market Conditions: Summary The Local Market Conditions tables summarize trends and statistics in the local market: the area around the subject property that was searched for comps in the Sales Comparison
More informationEvaluating Subdivision Characteristics on Single-Family Housing Value Using Hierarchical Linear Modeling
Evaluating Subdivision Characteristics on Single-Family Housing Value Using Hierarchical Linear Modeling Authors Woo-Jin Shin, Jesse Saginor, and Shannon Van Zandt Abstract This research quantifies the
More informationDATA APPENDIX. 1. Census Variables
DATA APPENDIX 1. Census Variables House Prices. This section explains the construction of the house price variable used in our analysis, based on the self-report from the restricted-access version of the
More informationThe Desert Housing Report. Coachella Valley Median Detached Home Price December December 2018
Median Price $450,000 $400,000 Coachella Valley Median Detached Home Price December 2002 - $369,450 $389,944 $350,000 $300,000 $250,000 $200,000 $150,000 CV Detached Median Price 4% Growth Curve Summary
More informationThe Role of Commission Rates and Specialization in the Determination of Real Estate Agent Income Daniel T. Winkler, G. Donald Jud, and Tony Wingler
Made available courtesy of American Real Estate Society: http://www.aresnet.org/ ***Reprinted with permission. No further reproduction is authorized without written permission from the American Real Estate
More informationEstimating the Value of the Historical Designation Externality
Estimating the Value of the Historical Designation Externality Andrew J. Narwold Professor of Economics School of Business Administration University of San Diego San Diego, CA 92110 USA drew@sandiego.edu
More informationHedonic Modeling of Open Space in James City County
Hedonic Modeling of Open Space in James City County Andrew Waxman Stanford University Robert L. Hicks, Mentor Interdisciplinary Watershed Program Funded by an REU Grant From NSF Open Space Undeveloped,
More information4039 N Bonita Street List Price $ 639,000
4039 N Bonita Street List Price $ 639,000 Exclusively Listed by : Brian Raynoha CalBRE: #01798711 858.869.9290 BrianRaynoha@gmail.com 2016 Apartment Advisors, Inc. This information has been secured from
More informationHousing Price Models for Essex County Massachusetts
Merrimack College Merrimack ScholarWorks Honors Senior Capstone Projects Honors Program Spring 2017 Housing Price Models for Essex County Massachusetts Steven Bourque Merrimack College, bourques@merrimack.edu
More informationAn analysis of the relationship between rental growth and capital values of office spaces
16TH PACIFIC RIM REAL ESTATE SOCIETY ANNUAL CONFERENCE Wellington, New Zealand 24th 27th January 2010 An analysis of the relationship between rental growth and capital values of office spaces Nor Nazihah
More informationParcel Size, Location and Commercial Land Values
Parcel Size, Location and Commercial Land Values Authors Karl L. Guntermann and Gareth Thomas Abstract The concept of a peak in value or a 100% location is so well established in real estate that there
More informationREDSTONE. Regression Fundamentals.
REDSTONE from Bradford Advanced Analytics Technologies for Appraisers Regression Fundamentals www.bradfordsoftware.com/redstone Bradford Technologies, Inc. 302 Piercy Road San Jose, CA 95138 800-622-8727
More informationMAJOR PRICE REDUCTION
A COMMUNITY PRICE: $2,850,000 $2,300,000 PLEASE DO NOT SPEAK WITH TENANTS OR EMPLOYEES 250 Company Service Rd Carrizo Springs, TX 78834 PROPERTY DETAILS SITE INFORMATION ADDRESS COUNTY 250 Company Service
More informationA STUDY OF OPM RATIO: PUBLIC V/S PRIVATE SECTOR BANKS
A STUDY OF OPM RATIO: PUBLIC V/S PRIVATE SECTOR BANKS Authors: Parekh Komal, Sharma Sandhya (Finance) Abstract In this research paper we have done a study of OPM ratio of different banks in India. The
More informationThe Spatial Proximity of Metropolitan Area Housing Submarkets
2007 V35 2: pp. 209 232 REAL ESTATE ECONOMICS The Spatial Proximity of Metropolitan Area Housing Submarkets Allen C. Goodman and Thomas G. Thibodeau An important question related to housing submarket construction
More informationCUER Working Paper. Fu Yuming, Daniel P. McMillen, and Tsur Somerville Land Assembly: Measuring Holdup December 2002 CUER Working Paper 02-08
CUER Working Paper Fu Yuming, Daniel P. McMillen, and Tsur Somerville Land Assembly: Measuring Holdup December 2002 CUER Working Paper 02-08 Land Assembly: Measuring Holdup December 2002 Fu Yuming*, Daniel
More informationCoachella Valley Median Detached Home Price Mar Mar 2018
Median Price $450,000 Coachella Valley Median Detached Home Price Mar 2002 - Mar 2018 $392,000 $400,000 $366,285 $350,000 $300,000 $250,000 $200,000 $150,000 Media Detached Price 4% Growth Curve Summary
More informationAssessing Land and Structure Values in a Mass-appraisal Framework
Assessing Land and Structure Values in a Mass-appraisal Framework Tzu-Chin Lin and Chi-Mei Lin Tzu-Chin Lin Dept. of Real Estate and Built Environment National Taipei University Taiwan tclin@mail.ntpu.edu.tw
More informationFOR SALE - INCOME PRODUCING CONDOMINIUM COMMUNITY 1711 ENFIELD - AUSTIN, TEXAS CONDO UNITS
FOR SALE - INCOME PRODUCING CONDOMINIUM COMMUNITY 1711 ENFIELD - AUSTIN, TEXAS 78703 10 CONDO UNITS ADDRESS: 1711 Enfield: Austin, Texas 78703 Price: $2,979,000 NUMBER OF UNITS: 10 Approximate Total Square
More informationA Comparative Assessment of New Urbanist Neighborhoods: Durham, NC & Greenville, SC
1 A Comparative Assessment of New Urbanist Neighborhoods: Durham, NC & Greenville, SC Phillip Gao * Econ 145: Urban Economics Professor Charles Becker December 10, 2008 * Phillip Gao is currently a junior
More informationPanos LOLONIS, Greece. Key words: Cadastre, Hellenic Cadastre, Planning, Decision-making, Statistical Estimation SUMMARY
Estimation of the Number of Rights on Properties at the Community, Regional and National Levels in Greece and Their Use in Planning and Decision-making for the Development of the Hellenic Cadastre Panos
More informationNorthgate Mall s Effect on Surrounding Property Values
James Seago Economics 345 Urban Economics Durham Paper Monday, March 24 th 2013 Northgate Mall s Effect on Surrounding Property Values I. Introduction & Motivation Over the course of the last few decades
More informationSEPTEMBER 2018 ISSUE 15. House Prices Stabilize in Quarter 2 of 2018
SEPTEMBER 2018 ISSUE 15 Figure 1: Overall Price Change (%) 1.73 1.40 2.20 1.58 1.10 0.98 0.68 0.42 2.08 1.76 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2016 2017 2018 House Prices Stabilize in Quarter 2 of 2018 There
More informationTHE ACCURACY OF COMMERCIAL PROPERTY VALUATIONS
THE ACCURACY OF COMMERCIAL PROPERTY VALUATIONS ASSOCIATE PROFESSOR GRAEME NEWELL School of Land Economy University of Western Sydney, Hawkesbury and ROHIT KISHORE School of Land Economy University of Western
More informationCoachella Valley Median Detached Home Price May May 2018
Median Price $450,000 $400,000 Coachella Valley Median Detached Home Price May 2002 - $389,000 $412,000 $350,000 $300,000 $250,000 $200,000 $150,000 CV Detached Median Price 4 % Growth Curve Summary The
More informationPrediction on Land Market Value Based on the Real Estate Market in USA
Journal of Mathematics and Statistics Original Research Paper Prediction on Land Market Value Based on the Real Estate Market in USA Lei Wang Department the Mathematics, The University of Southern Mississippi,
More informationFOR SALE PROPERTY BROCHURE. Well Maintained Duplex For Sale S. Kearney Street Denver, CO CONTACT: SAM LEGER TIM FINHOLM
FOR SALE Well Maintained Duplex For Sale 764-768 S. Kearney Street Denver, CO 80224 PROPERTY BROCHURE CONTACT: SAM LEGER 303.512.1159 sleger@uniqueprop.com TIM FINHOLM 303.512.1161 tfinholm@uniqueprop.com
More informationThe Fiftieth Pacific Rim Real Estate Society Conference January 2009, Sydney, Australia
The Fiftieth Pacific Rim Real Estate Society Conference 18-21 January 2009, Sydney, Australia The Effect of Land Supply Restriction on the Risk of Hong Kong Indirect Real Estate K.W. Chau* Department of
More informationThe Market Watch Monthly Housing Report. Coachella Valley Median Detached Home Price Dec Dec 2016
The Market Watch Monthly Housing Report Median Price $450,000 Coachella Valley Median Detached Home Price Dec 2002 - Dec 2016 $400,000 $350,000 $300,000 $339,930 $340,000 $250,000 $200,000 $150,000 CV
More informationRegression + For Real Estate Professionals with Market Conditions Module
USER MANUAL 1 Automated Valuation Technologies, Inc. Regression + For Real Estate Professionals with Market Conditions Module This Regression + software program and this user s manual have been created
More informationOver the past several years, home value estimates have been an issue of
abstract This article compares Zillow.com s estimates of home values and the actual sale prices of 2045 single-family residential properties sold in Arlington, Texas, in 2006. Zillow indicates that this
More informationMeasuring Vertical Inequity in Property Assessment: A New Approach Using Data from Massachusetts
Measuring Vertical Inequity in Property Assessment: A New Approach Using Data from Massachusetts Thomas PlaHovinsak Northeastern University Gustavo Vicentini Northeastern University Abstract Several previous
More informationRegression + For Real Estate Professionals with Market Conditions Module & Data Scrubbing Tools
USER MANUAL March 2013 1 Automated Valuation Technologies, Inc. Regression + For Real Estate Professionals with Market Conditions Module & Data Scrubbing Tools This Regression + software program and this
More informationeconstor Make Your Publication Visible
econstor Make Your Publication Visible A Service of Wirtschaft Centre zbwleibniz-informationszentrum Economics Saarimaa, Tuukka; Eerola, Essi Conference Paper Is Social Housing Affordable? 53rd Congress
More informationHOUSING PRICE INDEX NOVEMBER 2017 ISSUE 12. No Respite for the Declining Trend in the Rate Of House Prices Increase
HOUSING PRICE INDEX NOVEMBER 2017 ISSUE 12 No Respite for the Declining Trend in the Rate Of House Prices Increase Figure 1: Overall Price Change (%) 2.20 1.73 1.58 1.40 1.25 1.14 1.10 0.98 0.42 Q3 Q4
More informationMAAO Sales Ratio Committee 2013 Fall Conference Seminar
MAAO Sales Ratio Committee 2013 Fall Conference Seminar Presented By: Al Whitcomb Dakota County (Retired) John Keefe Chisago County Assessor Brent Reid City of Coon Rapids Michael Thompson Scott County
More informationHedonic Amenity Valuation and Housing Renovations
Hedonic Amenity Valuation and Housing Renovations Stephen B. Billings October 16, 2014 Abstract Hedonic and repeat sales estimators are commonly used to value such important urban amenities as schools,
More informationFor Whom the Phone Does (Not) Ring? Discrimination in the Rental Housing Market in Delhi, India
For Whom the Phone Does (Not) Ring? Discrimination in the Rental Housing Market in Delhi, India S. Datta V. Pathania 2nd European ASREC Conference 16 May 2016 Preview Audit of caste & religious discrimination
More informationRepeat Sales Methods for Growing Cities and Short Horizons
Repeat Sales Methods for Growing Cities and Short Horizons Karl L. Guntermann, Crocker Liu and Adam D. Nowak * July 9, 2014 Abstract The accurate estimation of real estate indices is important for many
More informationNeighborhood Effects of Foreclosures on Detached Housing Sale Prices in Tokyo
Neighborhood Effects of Foreclosures on Detached Housing Sale Prices in Tokyo Nobuyoshi Hasegawa more than the number in 2008. Recently the number of foreclosures including foreclosed office buildings
More informationSherman Oaks PRIME Location Dickens St Sherman Oaks, CA 91423
Sherman Oaks PRIME Location 10 Units With Excellent Unit Mix of Mainly Two Bedroom Spacious Units. 1 Unit is NonConforming Studio (Can be Vacant) Pride of Ownership Property; The Building Has Gone Through
More informationCoachella Valley Median Detached Home Price Jan Jan 2017
The Desert Housing Report Median Price $450,000 Coachella Valley Median Detached Home Price Jan 2002 - Jan 2017 $400,000 $350,000 $300,000 $250,000 $335,000 $340,000 $200,000 $150,000 CV Detached Median
More informationA Critical Study on Loans and Advances of Selected Public Sector Banks for Real Estate Development in India
A Critical Study on Loans and Advances of Selected Public Sector Banks for Real Estate Development in India Tanu Aggarwal Research Scholar, Amity University Noida, Noida, Uttar Pradesh Dr. Priya Soloman
More information526 Park Way Chula Vista, Kelly O Connor- ACI
526 Park Way Chula Vista, 91910 Kelly O Connor- ACI 619.247.2123 526 PARK WAY LOCATION MAP Area Description: Chula Vista is the second largest city in the San Diego metropolitan area. The population was
More informationFlorenz Plassmann DOCTOR OF PHILOSOPHY. Economics. Approved: T.N. Tideman, Chairman. R. Ashley J. Christman. C.Michalopoulos S.
THE IMPACT OF TWO-RATE TAXES ON CONSTRUCTION IN PENNSYLVANIA by Florenz Plassmann Dissertation submitted to the Faculty of the Virginia Polytechnic Institute and State University in partial fulfillment
More informationEvaluating The Nordea Experiment: Evidence from Market and Accounting Data
Chapman University Chapman University Digital Commons Business Faculty Articles and Research Business 2007 Evaluating The Nordea Experiment: Evidence from Market and Accounting Data Lawrence G. Goldberg
More informationThe Improved Net Rate Analysis
The Improved Net Rate Analysis A discussion paper presented at Massey School Seminar of Economics and Finance, 30 October 2013. Song Shi School of Economics and Finance, Massey University, Palmerston North,
More informationBASE LENDING RATE AND HOUSING PRICES: THEIR IMPACTS ON RESIDENTIAL HOUSING ACTIVITIES IN MALAYSIA
BASE LENDING RATE AND HOUSING PRICES: THEIR IMPACTS ON RESIDENTIAL HOUSING ACTIVITIES IN MALAYSIA Tan Teck-Hong Sunway University College, School of Business 5, Jalan Universiti, Bandar Sunway 46150 Petaling
More informationA Real-Option Based Dynamic Model to Simulate Real Estate Developer Behavior
223-Paper A Real-Option Based Dynamic Model to Simulate Real Estate Developer Behavior Mi Diao, Xiaosu Ma and Joseph Ferreira, Jr. Abstract Real estate developers are facing a dynamic and volatile market
More informationHousehold Welfare Effects of Low-cost Land Certification in Ethiopia
Household Welfare Effects of Low-cost Land Certification in Ethiopia By Stein Holden and Hosaena Ghebru School of Economics and Business, Norwegian University of Life Sciences, P.O. Box 5033, 1432 Ås,
More informationMultifamily Property For Sale Asking Price Index Trends
Multifamily Property For Sale Asking Price Index Trends Feb 11 prior YOY $134,167 1.0% 5.5% $158,866 0.7% 6.7% $157,655 0.6% 6.2% $136,264 2.3% 10.7% Current Los Angeles market trends data indicates a
More information