A Semiparametric Method for Estimating Local House Price Indices

Real Estate Economics

Volumn 32, Issue 1, 2004, Pages 127-160

  Clapp, John M ^a  

^a UNIVERSITY OF CONNECTICUT   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 1842434441     PISSN: 10808620     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.1080-8620.2004.00086.x     Document Type: Review

References (32)

1. Brockmann, M., T. Gasser and E. Herrmann. 1993. Locally Adaptive Bandwidth Choice for Kernel Regression Estimators. Journal of the American Statistical Association 88: 424.
2. Brzeski, J.W., D. Dale-Johnson and C.L. Redfern. 2003. Price Discovery in a New Market for Urban Land. Draft paper presented at the Allied Social Science Associations Meeting in Washington, DC.
3. Case, B. 2002. Homogeneous Within-County Districts for Hedonic Price Modeling. Working Paper. Federal Reserve Bank: Washington, DC.
4. Case, B., J. Clapp, R. Dubin and M. Rodriguez. 2003. Modeling Spatial and Temporal House Price Patterns: A Comparison of Four Models. Forthcoming. Journal of Real Estate Finance and Economics,
5. Clapp, J.M. 2003. A Semiparametric Method for Valuing Residential Location: Application to Automated Valuation. Forthcoming. Journal of Real Estate Finance and Economics 27(3): 303-320.
6. Clapp, J.M. and C. Giaccotto. 1998. Residential Hedonic Models: A Rational Expectations Approach to Age Effects. Journal of Urban Economics 44: 415-437.
7. Clapp, J.M., H.-J. Kim and A.E. Gelfand. 2002. Spatial Prediction of House Prices Using LPR and Bayesian Smoothing. Real Estate Economics 30(4): 505-532.
8. Clapp, J.M., R.K. Pace and M. Rodriguez. 2001. Residential Land Values and the Decentralization of Jobs. Journal of Real Estate Finance and Economics 22(1): 43-61.
9. Dubin, R.A. 1992. Spatial Autocorrelation and Neighborhood Quality. Regional Science and Urban Economics 22: 433-452.
10. Fan, J. and I. Gijbels. 1996. Local Polynomial Modelling and Its Applications. Chapman and Hall: New York.
11. Gelfand, A.E., M.D. Ecker, J.R. Knight and C.F. Sirmans. 2003. The Dynamics of Location in Home Price. Forthcoming. Journal of Real Estate Finance and Economics.
12. Gibbons, S. and S. Machin. 2002. Valuing English Primary Schools. Forthcoming. Journal of Urban Economics.
13. Goetzmann, W.N. and M. Spiegel. 1997. A Spatial Model of Housing Returns and Neighborhood Substitutability. Journal of Real Estate Finance and Economics 14(1-2): 11-31.
14. Goodman, A.C. and T.G. Thibodeau. 1995. Age Related Heteroskedasticity in Hedonic House Price Equations. Journal of Housing Research 6(1): 25-42.
15. Greene, W.H. 1993. Econometric Analysis, 2nd ed. Macmillan Publishing Co.: New York.
16. Halvorsen, R. and R. Palmquist. 1980. The Interpretation of Dummy Variables in Semilogarithmic Equations. American Economic Review 70(3): 474-475.
17. McMillen, D.P. and P. Thorsnes. 2000. The Reaction of Housing Prices to Information on Superfund Sites: A Semiparametric Analysis of the Tacoma, Washington Market. Advances in Econometrics 14: 201-228.
18. _. 2003. The Aroma of Tacoma: Time-Varying Average Derivatives and the Effect of a Superfund Site on House Prices. Forthcoming. Journal of Business and Economic Statistics 21(2): 237-246.
19. Meese, R. and N. Wallace. 1991. Nonparametric Estimation of Dynamic Hedonic Price Models and the Construction of Residential Housing Price Indices. AREUEA Journal 19(3): 308-331.
20. _. 1994. Testing the Present Value Relation for Housing Prices: Should I Leave My House in San Francisco? Journal of Urban Economics 35(3): 245-266.
21. Pace, R.K. 1997. Performing Large Scale Spatial Autoregressions. Economics Letters 54:283-291.
22. Pace, R.K. and R. Barry. 1997. Quick Computation of Regressions with a Spatially Autoregressive Dependent Variable. Geographical analysis 29(2): 232-247.
23. Pace, R.K., R. Barry, J. Clapp and M. Rodriguez. 1998. Spatiotemporal Autoregressive Models of Neighborhood Effects. Journal of Real Estate Finance and Economics 17(1): 15-33.
24. Pace, R.K. and O.W. Gilley. 1998. Estimation in the Presence of Spatially Correlated Errors and Variances. Technical Report. Real Estate Research Institute, Louisiana State University: Baton Rouge, LA.
25. Pagan, A. and A. Ullah. 1999. Nonparametric Econometrics. Cambridge University Press: Cambridge, UK.
26. Pavlov, A.D. 2000. Space-Varying Regression Coefficients: A Semi-parametric Approach Applied to Real Estate Markets. Real Estate Economics 28(2): 249-283.
27. Raman, P. 2002. Towards Robust House Price Index Estimation: An Empirical Investigation of San Diego, California. Draft Paper. Fannie Mae, Washington, DC.
28. Robinson, P.M. 1988. Root-N-Consistent Semiparametric. Regression. Econometrica 56(4): 931-954.
29. Ruppert, D., M.P. Wand, U. Hoist and O. Hossjer. 1997. Local Polynomial Variance Function Estimation. Technometrics 39(3): 262-273.
30. Stock, J.H. 1989. Nonparametric Policy Analysis. Journal of the American Statistical Association 84(406): 567-575.
31. Wand, M.P. and M.C. Jones. 1995. Kernel Smoothing. Chapman and Hall: London.
32. Yatchew, A. 1998. Nonparametric Regression Techniques in Economics. Journal of Economic Literature XXXVI: 669-721.