The Performance of Annual Housing Survey Quality Measures in Explaining Dwelling Rentals in 20 Metropolitan Areas

Kenneth F. Wieand

Real Estate Economics, 1983, vol. 11, issue 1, 45-68

Abstract: Articles concerned with the Hedonic Estimation of the Price of Housing Services have often employed the concept of housing “quality.” Quality measurement is best defined as employment of distinct variables to classify dwelling attributes which are for some reason not decomposed into their unidimensional components. The Annual Housing Survey reports a series of variables which, describing the performance of housing attributes, may be classified as quality variables. Past studies have not properly identified the stochastic nature of the performance measure‐quality relationships. This paper defines that relationship and devises a procedure to measure the rent performance relationship for twenty cities in the survey. Empirical results confirm the usefulness of the measures explaining housing quality within and among metropolitan areas.

Date: 1983
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