Real Estate Price Modeling and Empirical Analysis

2012 ◽  
Vol 7 (1) ◽  
pp. 31-51
Author(s):  
Hiroshi Ishijima ◽  
Akira Maeda
Keyword(s):  
Real Estate ◽  
Empirical Analysis ◽  
Real Estate Price

International Real Estate Review

2010 ◽  
Vol 13 (2) ◽  
pp. 190-217
Author(s):  
Jie Chen ◽  
◽  
Qianjin Hao ◽  
Keyword(s):  
Real Estate ◽  
Empirical Analysis ◽  
Prediction Accuracy ◽  
Large Scale ◽  
Real Estate Market ◽  
Real Estate Price ◽  
Real Estate Projects ◽  
Real Estate Prices

This paper contributes to the literature by examining how much the prediction accuracy of real estate prices could be improved by applying hedonic equations at suitably defined disaggregate levels and incorporating directional heterogeneity of distance gradients. We build our empirical analysis on a large-scale database of real estate projects sold between 2005 and 2007 in Shanghai. Our analysis suggests that the Shanghai real estate market is a complex aggregate and taking into account submarket and directional heterogeneity in hedonic regressions could provide considerable benefits in improving the precision of real estate price predictions.

Research on Supply and Demand of Xi'an Real Estate Market

2011 ◽  
Vol 368-373 ◽  
pp. 3078-3082
Author(s):  
Zhou Ji Meng ◽  
Tao Zhou ◽  
Shu Hua Gao
Keyword(s):  
Principal Component Analysis ◽  
Spectral Analysis ◽  
Real Estate ◽  
Spectral Density ◽  
Supply And Demand ◽  
Principal Component ◽  
Real Estate Market ◽  
Medium Term ◽  
Real Estate Price ◽  
Synthetic Indicators

In the passage, the indicators of supply and demand of real estate market in Xi'an are established, and such indicators are synthesized into a class of synthetic indicators using “principal component analysis”. After the spectral analysis of synthetic indicators, periodic change of supply and demand of real estate through spectral density could be determined. Through the analysis, great randomness existed in supply and demand of real estate in Xi’an. Furthermore, in the medium term, a 3.3 years’ secondary cycle still existed in synthetic indicators of demand, while randomness existed in synthetic indicators of supply. Such findings suggest a declined trend existed in real estate price in medium term of Xi’an.

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