Uncovering spatial heterogeneity in real estate prices via combined hierarchical linear model and geographically weighted regression
Author
Abstract
Suggested Citation
DOI: 10.1177/23998083211063885
Download full text from publisher
References listed on IDEAS
- Marco Helbich & Wolfgang Brunauer & Eric Vaz & Peter Nijkamp, 2014.
"Spatial Heterogeneity in Hedonic House Price Models: The Case of Austria,"
Urban Studies, Urban Studies Journal Limited, vol. 51(2), pages 390-411, February.
- Marco Helbich & Wolfgang Brunauer & Eric Vaz & Peter Nijkamp, 2013. "Spatial Heterogeneity in Hedonic House Price Models: The Case of Austria," Tinbergen Institute Discussion Papers 13-171/VIII, Tinbergen Institute.
- Goodman, Allen C. & Thibodeau, Thomas G., 2003. "Housing market segmentation and hedonic prediction accuracy," Journal of Housing Economics, Elsevier, vol. 12(3), pages 181-201, September.
- Guanpeng Dong & Jing Ma & Richard Harris & Gwilym Pryce, 2016. "Spatial Random Slope Multilevel Modeling Using Multivariate Conditional Autoregressive Models: A Case Study of Subjective Travel Satisfaction in Beijing," Annals of the American Association of Geographers, Taylor & Francis Journals, vol. 106(1), pages 19-35, January.
- Gollini, Isabella & Lu, Binbin & Charlton, Martin & Brunsdon, Christopher & Harris, Paul, 2015. "GWmodel: An R Package for Exploring Spatial Heterogeneity Using Geographically Weighted Models," Journal of Statistical Software, Foundation for Open Access Statistics, vol. 63(i17).
- Dale Hattis & David E. Burmaster, 1994. "Assessment of Variability and Uncertainty Distributions for Practical Risk Analyses," Risk Analysis, John Wiley & Sons, vol. 14(5), pages 713-730, October.
- Goodman, Allen C., 1978. "Hedonic prices, price indices and housing markets," Journal of Urban Economics, Elsevier, vol. 5(4), pages 471-484, October.
- Bourassa, Steven C. & Hamelink, Foort & Hoesli, Martin & MacGregor, Bryan D., 1999. "Defining Housing Submarkets," Journal of Housing Economics, Elsevier, vol. 8(2), pages 160-183, June.
- Gelfand, Alan E. & Banerjee, Sudipto & Sirmans, C.F. & Tu, Yong & Eng Ong, Seow, 2007. "Multilevel modeling using spatial processes: Application to the Singapore housing market," Computational Statistics & Data Analysis, Elsevier, vol. 51(7), pages 3567-3579, April.
- Lee Chun Chang & Hui-Yu Lin, 2012. "The Impact of Neighborhood Characteristics on Housing Prices-An Application of Hierarchical Linear Modeling," International Journal of Management and Sustainability, Conscientia Beam, vol. 1(2), pages 31-44.
- Liv Osland, 2010. "An Application of Spatial Econometrics in Relation to Hedonic House Price Modelling," Journal of Real Estate Research, American Real Estate Society, vol. 32(3), pages 289-320.
- A. Stewart Fotheringham & Wenbai Yang & Wei Kang, 2017. "Multiscale Geographically Weighted Regression (MGWR)," Annals of the American Association of Geographers, Taylor & Francis Journals, vol. 107(6), pages 1247-1265, November.
- A. Fotheringham & Ricardo Crespo & Jing Yao, 2015. "Exploring, modelling and predicting spatiotemporal variations in house prices," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 54(2), pages 417-436, March.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Sakamoto, Maiko & Ullah, S.M. Asik & Tani, Masakazu, 2024. "Impacts of refugee influx on the local economy and environmental degradation in Bangladesh: A spatial multilevel autoregressive analysis," World Development, Elsevier, vol. 183(C).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- José-María Montero & Román Mínguez & Gema Fernández-Avilés, 2018. "Housing price prediction: parametric versus semi-parametric spatial hedonic models," Journal of Geographical Systems, Springer, vol. 20(1), pages 27-55, January.
- Kopczewska, Katarzyna & Ćwiakowski, Piotr, 2021. "Spatio-temporal stability of housing submarkets. Tracking spatial location of clusters of geographically weighted regression estimates of price determinants," Land Use Policy, Elsevier, vol. 103(C).
- Chris Leishman & Greg Costello & Steven Rowley & Craig Watkins, 2013. "The Predictive Performance of Multilevel Models of Housing Sub-markets: A Comparative Analysis," Urban Studies, Urban Studies Journal Limited, vol. 50(6), pages 1201-1220, May.
- Gjestland, Arnstein & McArthur, David Philip & Osland, Liv & Thorsen, Inge, 2014. "The suitability of hedonic models for cost-benefit analysis: Evidence from commuting flows," Transportation Research Part A: Policy and Practice, Elsevier, vol. 61(C), pages 136-151.
- Paul Harris & Bruno Lanfranco & Binbin Lu & Alexis Comber, 2020. "Influence of Geographical Effects in Hedonic Pricing Models for Grass-Fed Cattle in Uruguay," Agriculture, MDPI, vol. 10(7), pages 1-17, July.
- Sisman, S. & Aydinoglu, A.C., 2022. "A modelling approach with geographically weighted regression methods for determining geographic variation and influencing factors in housing price: A case in Istanbul," Land Use Policy, Elsevier, vol. 119(C).
- Yaxiong Ma & Sucharita Gopal, 2018. "Geographically Weighted Regression Models in Estimating Median Home Prices in Towns of Massachusetts Based on an Urban Sustainability Framework," Sustainability, MDPI, vol. 10(4), pages 1-27, March.
- Chang-Lin Mei & Feng Chen & Wen-Tao Wang & Peng-Cheng Yang & Si-Lian Shen, 2021. "Efficient estimation of heteroscedastic mixed geographically weighted regression models," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 66(1), pages 185-206, February.
- Luc Anselin & Pedro Amaral, 2024. "Endogenous spatial regimes," Journal of Geographical Systems, Springer, vol. 26(2), pages 209-234, April.
- Damian Przekop, 2022. "Artificial Neural Networks vs Spatial Regression Approach in Property Valuation," Central European Journal of Economic Modelling and Econometrics, Central European Journal of Economic Modelling and Econometrics, vol. 14(2), pages 199-223, June.
- Marco Helbich & Wolfgang Brunauer & Eric Vaz & Peter Nijkamp, 2014.
"Spatial Heterogeneity in Hedonic House Price Models: The Case of Austria,"
Urban Studies, Urban Studies Journal Limited, vol. 51(2), pages 390-411, February.
- Marco Helbich & Wolfgang Brunauer & Eric Vaz & Peter Nijkamp, 2013. "Spatial Heterogeneity in Hedonic House Price Models: The Case of Austria," Tinbergen Institute Discussion Papers 13-171/VIII, Tinbergen Institute.
- Chunfang Zhao & Yingliang Wu & Yunfeng Chen & Guohua Chen, 2023. "Multiscale Effects of Hedonic Attributes on Airbnb Listing Prices Based on MGWR: A Case Study of Beijing, China," Sustainability, MDPI, vol. 15(2), pages 1-21, January.
- Riccardo, Borgoni & Alessandra, Michelangeli & Nicola, Pontarollo, 2016. "How Does a City Benefit from Culture? Evidence from Milan," Working Papers 335, University of Milano-Bicocca, Department of Economics, revised 16 May 2016.
- Hyunwoo Lim & Minyoung Park, 2019. "Modeling the Spatial Dimensions of Warehouse Rent Determinants: A Case Study of Seoul Metropolitan Area, South Korea," Sustainability, MDPI, vol. 12(1), pages 1-17, December.
- Füss, Roland & Koller, Jan A., 2016.
"The role of spatial and temporal structure for residential rent predictions,"
International Journal of Forecasting, Elsevier, vol. 32(4), pages 1352-1368.
- Fuess, Roland & Koller, Jan, 2015. "The Role of Spatial and Temporal Structure for Residential Rent Predictions," Working Papers on Finance 1523, University of St. Gallen, School of Finance.
- Rémy Le Boennec & Julie Bulteau & Thierry Feuillet, 2022.
"The role of commuter rail accessibility in the formation of residential land values: exploring spatial heterogeneity in peri-urban and remote areas,"
The Annals of Regional Science, Springer;Western Regional Science Association, vol. 69(1), pages 163-186, August.
- Rémy Le Boennec & Julie Bulteau & Thierry Feuillet, 2022. "The role of commuter rail accessibility in the formation of residential land values: exploring spatial heterogeneity in peri-urban and remote areas," Post-Print hal-04362159, HAL.
- Berna Keskin & Craig Watkins, 2017. "Defining spatial housing submarkets: Exploring the case for expert delineated boundaries," Urban Studies, Urban Studies Journal Limited, vol. 54(6), pages 1446-1462, May.
- Edward Chi Ho Tang & Charles Ka Yui Leung, 2024.
"Icing on the cake: Can the Top-Floor Units serve as a status good and an investment simultaneously?,"
ISER Discussion Paper
1252, Institute of Social and Economic Research, The University of Osaka.
- Tang, Edward Chi Ho & Leung, Charles Ka Yui, 2024. "Icing on the cake: Can the Top-Floor Units serve as a status good and an investment simultaneously?," MPRA Paper 121937, University Library of Munich, Germany.
- Alain Coën & Alexis Pourcelot & Richard Malle, 2022. "Macroeconomic shocks and ripple effects in the Greater Paris Metropolis," Post-Print hal-03713561, HAL.
- Jos魍ar𨁍ontero-Lorenzo & Beatriz Larraz-Iribas, 2012.
"Space-time approach to commercial property prices valuation,"
Applied Economics, Taylor & Francis Journals, vol. 44(28), pages 3705-3715, October.
- Beatriz Larraz Iribas & Jose Maria Montero Lorenzo, 2011. "Space-time approach to commercial property prices valuation," Post-Print hal-00712371, HAL.
More about this item
Keywords
Hedonic price model; hierarchical linear model; geographically weighted regression; spatial heterogeneity; sample scale;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:envirb:v:49:y:2022:i:6:p:1715-1740. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.