The Dynamics Of Time Series Of Real Estate Prices

Belej Miroslaw () and Kulesza Slawomir ()
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Belej Miroslaw: Faculty of Geodesy, Geospatial and Civil Engineering, University of Warmia and Mazury in Olsztyn
Kulesza Slawomir: Faculty of Mathematics and Informatics, University of Warmia and Mazury in Olsztyn

Real Estate Management and Valuation, 2015, vol. 23, issue 4, 35-43

Abstract: The presented research aims to contribute to the concerns regarding the evolutionary dynamics of the real estate market, seen as an open system flowing from one equilibrium state into another. In such quasi-stable states, real estate markets are thought to change only slightly with elapsed time, but occasionally, a sudden jump, during which the markets undergo changes of structural origin, might occur as well. Hence, the paper contains an analysis of the dynamics of time series of housing prices in order to distinguish between processes of different time scales. Research was performed assuming a priori distributions of the variables, and using the autocorrelation function together with the partial autocorrelation function for detailed data analysis.

Keywords: time series; dynamics; real estate market (search for similar items in EconPapers)
JEL-codes: C51 R30 R32 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:remava:v:23:y:2015:i:4:p:35-43:n:4

DOI: 10.1515/remav-2015-0034

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