Commercial Property Price Indexes
Download or Read eBook Commercial Property Price Indexes PDF written by Mick Silver and published by International Monetary Fund. This book was released on 2014-05-01 with total page 31 pages. Available in PDF, EPUB and Kindle.
| Author | : Mick Silver |
| Publisher | : International Monetary Fund |
| Total Pages | : 31 |
| Release | : 2014-05-01 |
| ISBN-10 | : 9781484364543 |
| ISBN-13 | : 1484364546 |
| Rating | : 4/5 (43 Downloads) |
Book Synopsis Commercial Property Price Indexes by : Mick Silver
Book excerpt: Transaction-price residential (house) and commercial property price indexes (RPPIs and CPPIs) have inherent problems of sparse data on heterogeneous properties, more so CPPIs. In an attempt to control for heterogeneity, (repeat-sales and hedonic) panel data regression frameworks are typically used for estimating overall price change. We address the problem of sparse data, demonstrate the need to include spatial price spillovers to remove bias, and propose an innovative approach to effectively weight regional CPPIs along with improvements to higher-level weighting systems. The study uses spatial panel regressions on granular CPPIs for the United States (US).
