Changes in the distribution of house prices over time: Structural characteristics, neighborhood, or coefficients?

被引：101

作者：

McMillen, Daniel P. ^{[1
,2
]}

机构：

[1] Univ Illinois, Dept Econ, Chicago, IL 60607 USA

[2] Univ Illinois, Inst Govt & Publ Affairs, Chicago, IL 60607 USA

来源：

JOURNAL OF URBAN ECONOMICS | 2008年 / 64卷 / 03期

关键词：

Price index; Housing; Repeat sales; Quantile;

D O I：

10.1016/j.jue.2008.06.002

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Quantile hedonic house price function estimates imply that appreciation rates were higher between 1995 and 2005 for high-priced homes in Chicago. Decompositions of temporal changes in the house price distribution suggest that the types of homes sold and their location do not account for the change in the price distribution. Rather, higher appreciation rates for high-priced homes are explained by differences in the quantile regression coefficients over time. (C) 2008 Elsevier Inc. All rights reserved.

引用

页码：573 / 589

页数：17

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