Abstract
Estimating price indexes for different quantiles shows how prices vary for homes that are in different stages of the filtering process. The paper describes a filtering model and its implication for the dynamic interaction of housing prices at these various stages. A time-series analysis of quantile price indexes for three municipalities near Chicago supports the predictions of the filtering model.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 1517-1537 |
| Number of pages | 21 |
| Journal | Urban Studies |
| Volume | 44 |
| Issue number | 8 |
| DOIs | |
| State | Published - Jul 2007 |
ASJC Scopus subject areas
- Environmental Science (miscellaneous)
- Urban Studies