National Transaction-based Land Price Indices

C. Sirmans () and Barrett Slade ()

The Journal of Real Estate Finance and Economics, 2012, vol. 45, issue 4, 829-845

Abstract: Using data on a large sample of land transactions, this paper develops quarterly national land price indices for residential, commercial, and industrial land use categories over the 20 years period from 1991 to 2009. We find significant differences in variability across land uses, with residential exhibiting the most volatility. Our particular interest in this paper is to compare intertemporal land prices with other prominant real estate indices. In all cases, the transaction-based land price indices leads the other indices. Copyright Springer Science+Business Media, LLC 2012

Keywords: Land price analysis; Indices; Cointegration; Granger causality (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (18)

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DOI: 10.1007/s11146-011-9306-3

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The Journal of Real Estate Finance and Economics is currently edited by Steven R. Grenadier, James B. Kau and C.F. Sirmans

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