Housing submarket classification: The role of spatial contiguity

Applied Geography

Volumn 32, Issue 2, 2012, Pages 746-756

  Wu, Changshan ^a   Sharma, Rashi ^a  

^a UNIVERSITY OF WISCONSIN MILWAUKEE   (United States)

Author keywords

Cluster analysis; Housing submarket classification; Principal component analysis; Spatial contiguity

Indexed keywords

ACCURACY ASSESSMENT; CLUSTER ANALYSIS; HEDONIC ANALYSIS; HOMOGENEITY; HOUSING MARKET; PRINCIPAL COMPONENT ANALYSIS; RESIDENTIAL LOCATION; SPATIAL ANALYSIS;

EID: 80052539848     PISSN: 01436228     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.apgeog.2011.08.011     Document Type: Article

References (29)

1. Adair A.S., Berry J.N., McGreal W.S. Hedonic modeling, housing submarkets and residential valuation. Journal of Property Research 1996, 13:67-83.
2. Basu S., Thibodeau T.G. Analysis of spatial autocorrelation in house prices. Journal of Real Estate Finance and Economics 1998, 17:61-85.
3. Bates L.K. Does neighborhood really matter?: comparing historically defined neighborhood boundaries with housing submarkets. Journal of Planning Education and Research 2006, 26:5-17.
4. Bourassa S.C., Cantoni E., Hoesli M. Spatial dependence, housing submarkets, and house price prediction. The Journal of Real Estate Finance and Economics 2007, 35(2):143-160.
5. Bourassa S.C., Hamelink F., Hoesli M., MacGregor B.D. Defining housing submarkets. Journal of Housing Economics 1999, 8:160-183.
6. Bourassa S.C., Hoelsi M. The structure of housing submarkets in a metropolitan region 1999, Papers 99(15), Ecole des Hautes Etudes Commerciales, Universite de Geneve.
7. Bourassa S.C., Hoesli M., Peng V.S. Do housing submarkets really matters?. Journal of Housing Economics 2003, 12:12-28.
8. Can A. Specification and estimation of hedonic house price models. Regional Science and Urban Economics 1992, 22:453-474.
9. Chen Z., Cho S., Poudyal N., Roberts R.K. Forecasting housing prices under different submarket assumptions 2007, Conference Paper, American Agricultural Economics Association, Portland, OR.
10. Clapp J.M., Wang Y. Defining neighborhood boundaries: are census tracts obsolete?. Journal of Urban Economics 2006, 59:259-284.
11. Day B. Submarket identification in property markets: a hedonic housing price model for Glasgow 2003, CSERGE Working paper EDM 03-09.
12. Fletcher M., Gallimore P., Mangan J. The modeling of housing submarkets. Journal of Property Investment and Finance 2000, 18(4):473-487.
13. Goodman A.C., Thibodeau T.G. Housing market segmentation and hedonic prediction accuracy. Journal of Housing Economics 2003, 12:181-201.
14. Goodman A.C., Thibodeau T.G. The spatial proximity of metropolitan area housing submarkets. Real Estate Economics 2007, 35(2):209-232.
15. Hill T., Lewicki P. STATISTICS methods and application 2007, StatSoft, Tulsa, OK.
16. Jones C., Leishman C., Watkins C. Housing market processes, urban housing submarkets and planning policy 2001, Conference Paper RICS Cutting Edge Conference, Oxford.
17. Michaels R., Smith V.K. Market segmentation and valuing amenities with hedonic models: the case of hazardous waste sites. Journal of Urban Economics 1990, 28:223-242.
18. Mulligan G.F., Franklin R., Esparza A.X. Housing prices in Tuscan, Arizona. Urban Geography 2002, 23(5):446-470.
19. Orford S. Valuing locational externalities: a GIS and multilevel modelling approach. Environment and Planning B 2002, 29:105-127.
20. Palm R. Spatial segmentation of the urban housing market. Economic Geography 1978, 54(3):210-221.
21. Rosen S. Hedonic prices and implicit markets: product differentiation in pure competition. Journal of Political Economy 1974, 96(4):34-55.
22. Rothenberg J., Galster G.C., Butler R.V., Pitkin J. The maze of urban housing markets: Theory, evidence, and policy 1991, The University of Chicago Press.
23. Schnare A., Struyk R. Segmentation in urban housing markets. Journal of Urban Economics 1976, 3:146-166.
24. Tu Y. The local housing sub-market structure and its properties. Urban Studies 1997, 34(2):337-353.
25. Tu Y., Yu S., Sun H. Spatial autocorrelations and urban housing market segmentation 2005, Center for Urban Economics and Real Estate, University of British Columbia.
26. Watkins C.A. Property valuation and the structure of urban housing markets. Journal of Property Investment and Finance 1999, 17(2):157-175.
27. Watkins C.A. The definition and identification of housing submarkets. Environment and Planning A 2001, 33:2235-2253.
28. Wilhelmsson M. A method to derive housing sub-markets and reduce spatial dependency. Property Management 2004, 22(3/4):276-288.
29. Yu D., Wei Y., Wu C. Modeling Spatial Dimensions of Housing Prices in Milwaukee, WI. Environment and Planning B: Planning and Design 2007, 34:1085-1102.