An approach for constructing spatially paired pseudo repeat-sales housing price indices in China DOI Creative Commons
Haiyong Zhang, Zisheng Song, Zhuo Chen

et al.

Journal of Housing and the Built Environment, Journal Year: 2024, Volume and Issue: unknown

Published: Oct. 14, 2024

Abstract Constructing a reliable housing price index is crucial for accurately reflecting dynamics and enhancing transparency in the market. However, existing methods constructing indices often confront many challenges, such as omitted variable issues hedonic model constrained samples used repeat-sales model. To address these this study identifies spatially paired relationship between complexes develops Spatially Paired Pseudo Repeat-Sales to construct index. This approach offers two significant advantages: first, it enlarges sample size at least 1.8 times; second, effectively estimates effects of spatial dependency physical factors on prices while mitigating impacts unobservable through differentiation. The findings paper suggest that using pseudo can significantly improve estimation volatility, by approximately 13%. Moreover, constructed demonstrates robustness, even when weight settings are altered. research provides convincing evidence improved market stakeholders, including governments, institutional developers, individual investors. Additionally, inform other similar construction providing pairing perspective complexes.

Language: Английский

Identifying key factors associated with commuting burden and modelling their non-linear relationships: the case study of Shenzhen, China DOI
Bo Wang, Qian Liu, Jixiang Liu

et al.

Transportation Planning and Technology, Journal Year: 2025, Volume and Issue: unknown, P. 1 - 25

Published: April 15, 2025

Language: Английский

Citations

0
Spatial valuation of urban green lungs: Unveiling the true worth of urban parks through MGWR in Chengdu, China DOI
Xiang Cao,

Luo Yu-ying,

Xiaolan Chen

et al.

Land Use Policy, Journal Year: 2024, Volume and Issue: 145, P. 107294 - 107294

Published: July 31, 2024

Language: Английский

Citations

1
An approach for constructing spatially paired pseudo repeat-sales housing price indices in China DOI Creative Commons
Haiyong Zhang, Zisheng Song, Zhuo Chen

et al.

Journal of Housing and the Built Environment, Journal Year: 2024, Volume and Issue: unknown

Published: Oct. 14, 2024

Abstract Constructing a reliable housing price index is crucial for accurately reflecting dynamics and enhancing transparency in the market. However, existing methods constructing indices often confront many challenges, such as omitted variable issues hedonic model constrained samples used repeat-sales model. To address these this study identifies spatially paired relationship between complexes develops Spatially Paired Pseudo Repeat-Sales to construct index. This approach offers two significant advantages: first, it enlarges sample size at least 1.8 times; second, effectively estimates effects of spatial dependency physical factors on prices while mitigating impacts unobservable through differentiation. The findings paper suggest that using pseudo can significantly improve estimation volatility, by approximately 13%. Moreover, constructed demonstrates robustness, even when weight settings are altered. research provides convincing evidence improved market stakeholders, including governments, institutional developers, individual investors. Additionally, inform other similar construction providing pairing perspective complexes.

Language: Английский

Citations

0