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• W564271511 abstract "In the standard repeat-sales method, the maintained assumption is that the quality does not change between a house?s two sale dates. This assumption has been called into question. In particular quality changes from renovations carried out between a house?s two sales are not accounted for in the repeat-sales method. In this paper, I construct a novel way to incorporate renovations into the repeat-sales regression that controls for changes in housing quality between sales. The attractiveness of the method I propose is that it is consistent with the underlying hedonic theory, yet maintains the parsimony and simplicity of the repeat-sales method. Moreover, I am able to specify the exact way that ren- ovations enter the repeat-sales regression thus avoiding econometric problems related to mis-speci?cation of the functional form." @default.
• W564271511 created "2016-06-24" @default.
• W564271511 creator A5023898538 @default.
• W564271511 date "2013-01-01" @default.
• W564271511 modified "2023-09-27" @default.
• W564271511 title "Renovations and the Repeat-Sales House Price Index" @default.
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• W564271511 hasPublicationYear "2013" @default.
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