Compositional shifts and house-price indexes / Christopher Ragan. : NH15-526/1997E-PDF

"This paper examines the effect of compositional shifts in the types of homes sold on standard house-price indices. Standard house-price indices, which are constructed as simple averages of the prices of houses sold during a particular month may be misleading indicators of the month-to-month changes in general house prices if the types of homes sold varies significantly from month to month. This paper examines three alternative methods of correcting for such compositional shifts. Two of the methods require no more information than the prices of those houses that have sold during a specific month. The third method is based on a hedonic model of house prices and requires information on the non-price characteristics of the houses"--Abstract.

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publications.gc.ca/pub?id=9.833319&sl=1

Renseignements sur la publication
Ministère/Organisme Canada Mortgage and Housing Corporation.
Titre Compositional shifts and house-price indexes / Christopher Ragan.
Type de publication Monographie
Langue [Anglais]
Format Électronique
Document électronique
Note(s) "April 1997."
Digitized edition from print [produced by Canada Mortgage and Housing Corporation].
Includes bibliographical references.
Information sur la publication [Ottawa] : Canada Mortgage and Housing Corporation, 1997.
Auteur / Contributeur Ragan, Christopher.
Description 42 p. : charts.
Numéro de catalogue
  • NH15-526/1997E-PDF
Descripteurs Housing
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