Neighborhood house price indexes in Chicago: A Fourier repeat sales approach

Daniel P. McMillen

doi:10.1093/jeg/3.1.57

Neighborhood house price indexes in Chicago: A Fourier repeat sales approach

Daniel P. McMillen

Economics

Research output: Contribution to journal › Article › peer-review

Abstract

House price indexes are estimated for 851 census tracts in the City of Chicago using a Fourier repeat sales estimator. Locally weighted regression allows price indexes to be estimated for submarkets with small numbers of sales. Annual appreciation rates are higher between 1990 and 1996 in neighborhoods close to the city center with large minority populations, high concentrations of poverty, and many vacant homes in 1990.

Original language	English (US)
Pages (from-to)	57-73
Number of pages	17
Journal	Journal of Economic Geography
Volume	3
Issue number	1
DOIs	https://doi.org/10.1093/jeg/3.1.57
State	Published - Jan 2003

Keywords

House prices
Nonparametric
Repeat sales

ASJC Scopus subject areas

Geography, Planning and Development
Economics and Econometrics

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10.1093/jeg/3.1.57

Cite this

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abstract = "House price indexes are estimated for 851 census tracts in the City of Chicago using a Fourier repeat sales estimator. Locally weighted regression allows price indexes to be estimated for submarkets with small numbers of sales. Annual appreciation rates are higher between 1990 and 1996 in neighborhoods close to the city center with large minority populations, high concentrations of poverty, and many vacant homes in 1990.",

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Neighborhood house price indexes in Chicago: A Fourier repeat sales approach

Abstract

Keywords

ASJC Scopus subject areas

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