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

Daniel P. McMillen

Research output: Contribution to journalArticle

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 languageEnglish (US)
Pages (from-to)57-73
Number of pages17
JournalJournal of Economic Geography
Volume3
Issue number1
DOIs
StatePublished - Jan 2003

Keywords

  • House prices
  • Nonparametric
  • Repeat sales

ASJC Scopus subject areas

  • Geography, Planning and Development
  • Economics and Econometrics

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