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The influence of house, seller, and locational factors on the probability of sale

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  • Pace, R. Kelley
  • Zhu, Shuang

Abstract

Ability to model the probability of individual house sales would be of benefit in a number of real estate contexts. Existing housing literature models the probability of a house sale using mainly property characteristics or macroeconomic variables. However, the use of only property characteristics typically yields a poor model fit. This study investigates the relative roles of property characteristics, seller mortgage origination variables, and locational factors in terms of explaining the probability of individual house sales.

Suggested Citation

  • Pace, R. Kelley & Zhu, Shuang, 2019. "The influence of house, seller, and locational factors on the probability of sale," Journal of Housing Economics, Elsevier, vol. 43(C), pages 72-82.
    • Handle: RePEc:eee:jhouse:v:43:y:2019:i:c:p:72-82
    DOI: 10.1016/j.jhe.2018.09.009
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    Cited by:

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    2. Geoffrey Propheter, 2021. "Sports facilities and the local property tax base in recovery," Regional Science Policy & Practice, Wiley Blackwell, vol. 13(5), pages 1687-1701, October.

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    Keywords

    House sale; Probability of house sale;

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