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
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| Titre | Compositional shifts and house-price indexes / Christopher Ragan. |
| Type de publication | Monographie |
| Langue | [Anglais] |
| Format | Texte numérique |
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| Description | 42 p. : charts. |
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