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A Hedonic Model of Prices and Assessments for Single-Family Homes: Does the Assessor Follow the Market or the Market Follow the Assessor?

Brian J. L. Berry and Robert S. Bednarz

Land Economics, 1975, vol. 51, issue 1, 21-40

Abstract: In this paper, hedonic regressions are used to analyze a seven-year sample of monthly sales of bungalows in Chicago. Even when sales are considered within individual sections of Chicago, the FHA dummy-independent variable and the `points'-independent ...

Date: 1975
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