Prices of Single Family Homes Since 1970: New Indexes for Four Cities

Karl Case and Robert Shiller

No 2393, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper uses data on nearly a million homes sold in four metropolitan areas -- Atlanta, Chicago, Dallas and San Francisco -- to construct quarterly indexes of existing home prices between 1970 and 1986. We propose and apply a new method of constructing such indexes which we call the weighted repeat sales method (WRS). We believe the results give an accurate picture of the actual rate of appreciation in home prices in the four cities. The paper explains the construction of the index, discusses the results and compares them with the National Association of Realtors data on the median price of existing single family homes for the period 1981 - 1986.

Date: 1987-09
Note: ME
References: Add references at CitEc
Citations: View citations in EconPapers (250)

Published as New England Economic Review, pp. 45-56, Sept/Oct 1987

Downloads: (external link)
http://www.nber.org/papers/w2393.pdf (application/pdf)

Related works:
Journal Article: Prices of single-family homes since 1970: new indexes for four cities (1987)
Working Paper: Prices of Single Family Homes Since 1970: New Indexes for Four Cities (1987)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:2393

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w2393

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().