Biased prediction of housing values
Article Abstract:
Biased estimation rules incorporating non-sample data for housing values are applied to hedonic housing models to find out its predictive ability. Compared to ordinary least squares techniques, the three Stein-like Bayes estimation rules in the forecasts considered in the analysis are found to give more accurate forecasts in housing values which varies depending on the data, estimator and non-sample information used.
Publication Name: Journal of the American Real Estate & Urban Economics Association
Subject: Real estate industry
ISSN: 0270-0484
Year: 1992
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Stimulating new home sales by taking older houses in trade
Article Abstract:
Builders can stimulate home sales during economic downturns by accepting existing-home trade-ins from equity-short buyers. House trade-ins differ from exchanges in legal terms and for tax purposes. Legally, a trade-in comprises two independent home sales, and trade-ins do not qualify for Internal Revenue Code Section 1031 tax-deferred treatment. An overview of possible trade-in arrangements is presented.
Publication Name: Real Estate Review
Subject: Real estate industry
ISSN: 0034-0790
Year: 1993
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A note on occupancy turnover in rental housing units
Article Abstract:
The statistical results of this study will be of interest in evaluating governmental community development programs. It is indicated that both household costs and occupancy turnover are primary factors of tenure.
Publication Name: Journal of the American Real Estate & Urban Economics Association
Subject: Real estate industry
ISSN: 0270-0484
Year: 1983
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