A multivariate repeat-sales model for estimating house price indices

Article Abstract:

A multivariate repeat-sales model is developed that is able to separately control the effects of age and time, as well as other assets with changing attributes in the construction of price indices. The model can also be used to disentangle the price effect associated with the change in the age of the house from the price effect due to changes in the time between the sales of the property.

Models, House selling, Home selling, Price indexes

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House prices and consumer welfare

Article Abstract:

A new approach for measuring changes in consumer welfare due to changes in the price of owner-occupied housing is developed. In this approach, an agent's welfare adjustment is defined as the transfer required to keep expected discounted utility constant given a change in current house price.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Consumer Protection Laws, Consumer protection

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Labor income, housing prices, and homeownership

Article Abstract:

A study examines the impact of income and housing prices on people's attitude toward owning a house.

Public affairs, Homeowners, Social aspects, Economic aspects, Home ownership, Personal income

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