New Place‐to‐Place Housing Price Indexes for U.S. Metropolitan Areas, and Their Determinants

Stephen Malpezzi (smalpezzi@bus.wisc.edu), Gregory H. Chun and Richard Green (richarkg@usc.edu)

Real Estate Economics, 1998, vol. 26, issue 2, 235-274

Abstract: Housing prices vary widely from market to market in the United States. The purpose of this study is to (1) construct new place‐to‐place indexes of the price of housing, using the 1990 Census, and (2) analyze the determinants of housing prices, with a particular focus on the supply side determinants—regulatory and natural constraint—as well as the usual demand determinants.

Date: 1998
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