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The influence of house, seller, and locational factors on the probability of sale

R. Kelley Pace and Shuang Zhu

Journal of Housing Economics, 2019, vol. 43, issue C, 72-82

Abstract: Ability to model the probability of individual house sales would be of benefit in a number of real estate contexts. Existing housing literature models the probability of a house sale using mainly property characteristics or macroeconomic variables. However, the use of only property characteristics typically yields a poor model fit. This study investigates the relative roles of property characteristics, seller mortgage origination variables, and locational factors in terms of explaining the probability of individual house sales.

Keywords: House sale; Probability of house sale (search for similar items in EconPapers)
Date: 2019
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Handle: RePEc:eee:jhouse:v:43:y:2019:i:c:p:72-82