Sample Selection Bias in Estimating Housing Sales Prices

G. Donald Jud () and Terry G. Seaks ()
Additional contact information
G. Donald Jud: Department of Finance University of North Carolina at Greensboro Greensboro, North Carolina 27412, http://www.uncg.edu/bae/
Terry G. Seaks: Department of Economics University of North Carolina at Greensboro Greensboro, North Carolina 27412, http://www.uncg.edu/bae/econ/

Journal of Real Estate Research, 1994, vol. 9, issue 3, 289-298

Abstract: This paper explores the bias in estimates of housing price appreciation that arises because of problems of sample selection. As suggested by Haurin and Hendershott, sample selection potentially is a serious problem because studies normally are based on samples of only homes that have sold, not all houses. Using the procedure developed by Heckman, the empirical results of this study provide confirmation of the significance of the housing sample selection problem.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1994
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (35)

Downloads: (external link)
http://pages.jh.edu/jrer/papers/pdf/past/vol09n03/v09p289.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jre:issued:v:9:n:3:1994:p:289-298

Ordering information: This journal article can be ordered from
Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323
http://pages.jh.edu/jrer/about/get.htm

Access Statistics for this article

Journal of Real Estate Research is currently edited by Dr. Ko Wang

More articles in Journal of Real Estate Research from American Real Estate Society American Real Estate Society Clemson University School of Business & Behavioral Science Department of Finance 401 Sirrine Hall Clemson, SC 29634-1323.
Bibliographic data for series maintained by JRER Graduate Assistant/Webmaster ().