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Prices of Single Family Homes Since 1970: New Indexes for Four Cities / Karl E. Case, Robert J. Shiller.
- Format:
- Book
- Author/Creator:
- Case, Karl E.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w2393.
- NBER working paper series no. w2393
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Prices of Single Family Homes Since 1970
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1987.
- Summary:
- This paper uses data on nearly a million homes sold in four metropolitan areas -- Atlanta, Chicago, Dallas and San Francisco -- to construct quarterly indexes of existing home prices between 1970 and 1986. We propose and apply a new method of constructing such indexes which we call the weighted repeat sales method (WRS). We believe the results give an accurate picture of the actual rate of appreciation in home prices in the four cities. The paper explains the construction of the index, discusses the results and compares them with the National Association of Realtors data on the median price of existing single family homes for the period 1981 - 1986.
- Notes:
- Print version record
- September 1987.
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