A method to derive housing sub-markets and reduce spatial dependency

Property Management

Volumn 22, Issue 4, 2004, Pages 276-288

  Wilhelmsson, Mats ^a  

^a ROYAL INSTITUTE OF TECHNOLOGY   (Sweden)

Author keywords

Estimation; Housing; Market segmentation

Indexed keywords

EID: 84986021487     PISSN: 02637472     EISSN: None     Source Type: Journal    
DOI: 10.1108/02637470410558143     Document Type: Article

References (13)

1. Anselin, L. (1988), Spatial Econometrics: Method and Models, Kluwer Academic Publishers, Dorddrecht.
2. Bourassa, S.C., Hamelink, F., Hoesli, M. and MacGregor, B.D. (1999), “Defining housing submarkets”, Journal of Housing Economics, Vol. 8, pp. 160-183.
3. Cheng, P. and Black, R.T. (1998), “Geographical diversification and economic fundamentals in apartment markets: a demand perspective”, Journal of Real Estate Portfolio Management, Vol. 4 No. 2, pp. 93-105.
4. Dale-Johnson, D. (1982), “An alternative approach to housing market segmentation using hedonic price data”, Journal of Urban Economics, Vol. 11 No. 3, pp. 311-332.
5. Dubin, R.A. (1998), “Spatial autocorrelation: a primer”, Journal of Housing Economics, Vol. 7, pp. 304-327.
6. Fletcher, M., Gallimore, P. and Mangan, J. (2000), “The modelling of housing submarkets”, Journal of Property Investment & Finance, Vol. 18 No. 4, pp. 93-108.
7. Goodman, A.C. and Thibodeau, T.G. (1998), “Housing market segmentation”, Journal of Housing Economics, Vol. 7 No. 2, pp. 121-143.
8. Michael, R.G. and Smith, V.K. (1990), “Market segmentation and valuing amenities with hedonic models: a case of hazardous waste sites”, Journal of Urban Economics, Vol. 28, pp. 223-242.
9. Rosen, S. (1974), “Hedonic prices and implicit markets: product differentiation in pure competition”, Journal of Political Economy, Vol. 82, pp. 34-55.
10. Straszheim, M. (1974), “Hedonic estimation of housing market prices: a further comment”, Review of Economic and Statistics, Vol. 56 No. 3, pp. 404-406.
11. Wilhelmsson, M. (2000), “The impact of traffic noise on the values of single-family houses”, Journal of Environmental Planning and Management, Vol. 43 No. 6, pp. 799-815.
12. Wilhelmsson, M. (2002), “Spatial models in real estate economics”, Housing, Theory and Society, Vol. 19, pp. 92-101.
13. Black, R.T., Wolverton, M.L., Warden, J.T. and Pittman, R.H. (1997), “Manufacturing versus distribution: implicit pricing of real property characteristics by submarket”, Journal of Real Estate Finance and Economics, Vol. 15 No. 3, pp. 271-285.