Repeat Sales Methods for Growing Cities and Short Horizons

摘要: The accurate estimation of real estate indices is important for many purposes. A common method to estimate these use a repeat†sales procedure. Although this does not require property attributes, discards large amount sales. This paper proposes that can be used incorporate significant percentage discarded observations without requiring additional data collection by the researcher. We apply our metropolitan statistical areas Phoenix and Seattle find standard errors are on average two†thirds value from procedure in three†eighths Phoenix.