References
Abraham, J. M., and W. S. Schauman. “New Evidence on House Prices from Freddie Mac Repeat Sales,” AREUEA Journal 19(3) (1991), 333–352.
Bailey, M. J., R. F. Muth, and H. O. Nourse. “A Regression Method for Real Estate Price Index Construction,” American Statistical Association Journal 58 (1963), 933–942.
Case, B., and J. M. Quigley. “The Dynamics of Real Estate Prices,” Review of Economics and Statistics 83 (1991), 50–58.
Case, K. E., and R. J. Shiller. “Prices of Single Family Homes Since 1970: New Indices for Four Cities,” New England Economic Review (1987), 45–56.
Case, K. E., and R. J. Shiller. “The Efficiency of the Market for Single-Family Homes,” American Economic Review 79(l) (1989), 125–137.
Case, K. E., and R. J. Shiller. “Forecasting Prices and Excess Returns in the Housing Market,” AREUEA Journal 18(3) (1990), 253–273.
Case, K. E., and R. J. Shiller. “A Decade of Boom and Bust in the Prices of Single-Family Homes: Boston and Los Angeles, 1983 to 1993,” New England Economic Review (Federal Reserve Bank of Boston) (1994), 40–50.
Clapp, J. M., C. Giaccotto, and D. Tirtiroglu. “Housing Price Indices Based on All Transactions Compared to Repeat Subsamples,” AREUEA Journal 19(3) (1991), 270–285.
Clapp, J. M., and C. Giaccotto. “Estimating Price Trends for Residential Property: A Comparison of Repeat Sales and Assessed Value Methods,” Journal of Real Estate Finance and Economics 5 (1992), 357–374.
Clapp, J. M., and C. Giaccotto. “Price Indexes Based on the Hedonic Repeat Sales Method: Application to the Housing Market.” Centre for Real Estate and Urban Economics Studies, University of Connecticut, 1994.
Gatzlaff, D. H., and D. R. Haurin. “Sample Selection and Biases in Local House Value Indexes,” Department of Insurance, Real Estate and Business Law, The Florida State University, Tallahassee, 1994.
Gatzlaff, D. H., and D. C. Ling. “Measuring Changes in Local House Prices: An Empirical Investigation of Alternative Methodologies,” Journal of Urban Economics 35(2) (1994), 221–244.
Gau, G. W., and K. Wang. “The Tax-Induced Holding Periods of Real Estate Investors: Theory and Empirical Evidence,” Journal of Real Estate Finance and Economics 8 (1994), 71–85.
Geltner, D. “Temporal Aggregation in Real Estate Return Indices,” AREUEA Journal 21(2) (1993), 141–166.
Goetzmann, W. N. “Accounting for Taste: Art and the Financial Markets Over Three Centuries,” American Economic Review 83(5) (1993), 1370–1376.
Goetzmann, W. N., and M. Spiegel. “Non-temporal Components of Residential Real Estate Appreciation,” Review of Economics and Statistics 77 (1995), 199–206.
Goy, R., and M. Steele. Alternative Constant-Quality Price Indexes for Modest Houses and Condominiums in Kitchener-Waterloo Ottawa: Canada Mortgage and Housing Corporation, 1994.
Greene, W. H. Econometric Analysis, 2nd ed. New York: Macmillan, 1993.
Haurin, D. R., and P H. Hendershott. “House Price Indexes: Issues and Results,” AREUEA Journal 19(3) (1991), 259–269.
Hendershott, P. H., and E. J. Kane. “U. S. Office Market Values During the Past Decade: How Distorted Have Appraisals Been?” Real Estate Economics 23(2) (1995), 101–116.
Mark, J. H., and M. A. Goldberg. “Alternative Housing Price Indices: An Evaluation,” Journal of the American Real Estate and Urban Economics Association 12(1) (1984), 30–49.
Pesando, J. E. “Art as an Investment: The Market for Modern Prints,” American Economic Review 83(5) (1993), 1075–1089.
Quigley, J. “A Simple Hybrid Model for Estimating Real Estate Indexes,” Journal of Housing Economics 4(1) (1995), 1–12.
Shiller, R. J. Macro Markets Oxford: Clarendon Press, 1993a.
Shiller, R. J. “Measuring Asset Values for Cash Settlement in Derivative Markets: Hedonic Repeated Measures Indices and Perpetual Futures,” The Journal of Finance 48 (1993b), 911–931.
Turnbull, G. K., and C. F. Sirmans. “Information, Search and House Prices,” Regional Science and Urban Economics 23(4) (1993), 545–557.
Author information
Authors and Affiliations
Rights and permissions
About this article
Cite this article
Steele, M., Goy, R. Short Holds, the Distributions of First and Second Sales, and Bias in the Repeat-Sales Price Index. The Journal of Real Estate Finance and Economics 14, 133–154 (1997). https://doi.org/10.1023/A:1007780219924
Issue Date:
DOI: https://doi.org/10.1023/A:1007780219924