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• W4366758390 abstract "Abstract Surveys regularly ask home-owners to guess what their property might be worth in the current housing market. We develop suitable statistical techniques to construct hedonic and repeat-sales style house price indices from these owner-estimated values (OEVs). The resulting series are then linked to a large set of quality-adjusted residential property price indices estimated from transaction data allowing us to perform a variety of convergent validity tests. Based on results for 20 countries, several decades and different OEV elicitation techniques, we conclude that the “wisdom of the home-owner crowd” is sufficient to study objective house price dynamics. Yet, surveys fail to accurately measure house price levels." @default.
• W4366758390 created "2023-04-24" @default.
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• W4366758390 date "2023-04-22" @default.
• W4366758390 modified "2023-10-18" @default.
• W4366758390 title "Tracking Home-Owners’ Sentiments: Subjective Indices and Convergent Validity" @default.
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• W4366758390 doi "https://doi.org/10.1007/s11146-023-09949-w" @default.
• W4366758390 hasPublicationYear "2023" @default.
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