Statistical Analysis of Sales Data to Verify Private Appraisals

John Quigley

Berkeley Program on Housing and Urban Policy, Working Paper Series from Berkeley Program on Housing and Urban Policy

Abstract: Statistical models of real estate price determination can be an important tool in managing the appraisal function. The accuracy of theese models depends crucially on the inclusion of all relevant information as well as on the correct specification of the price function. This paper proposes a hybrid model of the hedonic price relationship, combining information on single sales and multiple sales of properties. The paper also indicates the utility of such a model in the verification of appraisal data.

Keywords: Social; and; Behavioral; Sciences (search for similar items in EconPapers)
Date: 1989-01-01
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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