基于Hedonic模型的兰州市二手房住宅特征价格研究

Hedonic特征价格模型是研究住宅属性与价格关系的有效手段。文章将hedonic特征价格模型用于兰州市二手房市场研究,分析1150个兰州市二手房的详细资料,进行hedonic多重回归分析,并用SPSS软件模拟特征价格模型。结果显示,半对数模型拟合系数最高,通过半对数特征价格模型讨论了兰州市二手房价格和住房特征要素之间的定量关系。     

东北地区住宅价格变动的比较预测和分析

文章从市场入手，寻求影响住宅业务因素之间的相关关系，定量分析了影响住宅价格变动的因素，分析住宅价格时间上的变动趋势，并对住宅价格下一步的上涨空间进行了预测。并应用了灰色模型，对东北地区住宅价格进行了关联度分析预测。     

基于hedonic模型的房地产价格质量变动效应分析

对hedonic模型的发明历史进行了回顾;对hedonic模型应用于房地产价格分析时的质量特征设定及价格数据收集工作进行了分析。提出质量变动效应的概念,推导出基于hedonic模型的质量变动效应的计量公式,并得出结论:分析房价中的质量变动效应是重要的;城市基础设施的建设对房地产价格会产生明显的质量变动效应;政府部门的房地产交易数据应向社会公开,以利人们的研究使用;政府要利用质量变动效应,合理控制经济适用房的品质。     

城市公共服务水平、土地供给弹性与住宅价格——来自南京市的经验证据

公共服务水平是城市竞争力的重要体现,也是吸引劳动力流入的重要因素,同时,作为政府提供的主要公共物品,住宅所享有的公共服务水平往往影响居民对其的消费意愿.本文利用南京市江南八区的调查数据,构建特征价格模型考察住宅特征变量、公共服务水平对住宅销售价格的影响.实证结果表明:(1)住宅物理特征是影响其销售价格的重要因素,房间数目、大厅数目等特征变量的提高将显著提高销售价格;(2)公共服务对住宅销售价格呈现一定的资本化现象,教育公共服务对住宅销售价格的影响最大;(3)随着土地供给弹性的提高,公共服务对房价的资本化呈现下降趋势.因此,政府对公共服务的投入应注重城市内部各区域之间的均等化,以实现既提高居民的生活水平,又避免对某些区域的房地产市场造成较大的冲击.     

外埠开发商对西安住宅价格的影响研究

2005年起,外埠开发商大举进军西安住宅市场,对西安住宅价格产生明显的拉升作用.本文基于外埠开发商从一线城市向二线城市转移为研究背景,对外埠开发商的概念、外埠开发商进驻西安住宅市场的原因、外埠开发商在西安的区域分布进行分析,确定了外埠开发商在提高西安住宅产业发展水平的同时,也推动了西安住宅价格的上涨.     

我国四大城市住宅价格与租金的关系研究

近20年,我国城市住宅价格经历了大幅下跌与上涨,而同期租金逐年下降,房价与租金之间的关系令人关注。本文利用1993年第二季度至2010年第一季度的数据进行实证分析,结果表明北京、上海、广州和深圳的租金指数和房价指数之间不存在协整关系,说明住宅市场价格与租金不存在长期均衡关系,房价严重脱离了租金这一基本面的影响,不再遵循现值理论模型所揭示的两者之间的运行趋势,表明房价泡沫在长期积聚。为了预防市场泡沫破灭对经济体造成的严重冲击,政府应该严格监察与调控房地产市场。     

我国四大城市住宅价格与租金的关系研究

近20年,我国城市住宅价格经历了大幅下跌与上涨,而同期租金逐年下降,房价与租金之间的关系令人关注。本文利用1993年第二季度至2010年第一季度的数据进行实证分析,结果表明北京、上海、广州和深圳的租金指数和房价指数之间不存在协整关系,说明住宅市场价格与租金不存在长期均衡关系,房价严重脱离了租金这一基本面的影响,不再遵循现值理论模型所揭示的两者之间的运行趋势,表明房价泡沫在长期积聚。为了预防市场泡沫破灭对经济体造成的严重冲击,政府应该严格监察与调控房地产市场。     

基于GIS的成都市商品住宅价格空间分布差异研究

对成都市2018年2月在售的76个中心城区住宅小区的价格进行收集和整理,结合地理信息系统(GIS)的空间分析方法,运用克里金(Kringing)空间插值法分析得出成都市住宅价格空间分布图。结果表明,成都市高价住宅呈现南北带状分布,同时存在以南边(高新区)为中心向四周扩散的趋势,不同区域房价差异较大且存在较强的空间依赖性。     

陕西省住宅价格波动研究与对策分析

近年来,陕西省尤其是西安市的住宅价格持续快速上升。本文从决定价格的需求和供给两方面入手,分析了陕西省住宅价格快速上升的原因,并针对需求过旺、成本上升等成因提出了相应对策建议。     

北京商品房价格的空间差异

北京城区房地产发展迅速，近年房地产呈现以普通商品住宅为主的结构。随着宏观经济形势和北京住宅市场供求关系的变化。北京城区普通商品住宅的价格也发生着变化。自2000年至2005年第一季度，在总体价格略有下降的同时，城区不同地区的价格升降还有很大区别。这种价格变化的空间差异，既反映了影响价格变化的区位差异，也一定程度上反映了城区不同地区未来价格变化的趋势。     

The Auction Price of Apartments in Moscow: Hedonic Estimation in Disequilibrium1

The purpose of this paper is to see how economic factors determine prices in the previously communist countries undergoing privatization. This does not concern the auctions of big state enterprises where the prices are found to be rigged. In this paper we estimate hedonic price functions based on a unique data set on auction prices of apartments in Moscow. We collected the data ourselves by attending the auctions and gathered data on the characteristics. We estimated the hedonic equations using a disequilibrium approach because no equilibrium prices were observed for large number of apartments that were withdrawn from the auction. We found that, as the privatization of residential housing was carried out, the hedonic price equations fit the data remarkably well.     

The Impact of Manufactured Housing on Adjacent Residential Property Values: A GIS Approach Based on Three North Carolina Counties

This empirical study examines the impact of manufactured housing (MH) on the values of adjacent site-built residential properties using Geographical Information Systems (GIS) and large data samples for three counties in North Carolina, USA, for the period of 1994-2000. Both property appreciation rates (AR) and property values (PV) are examined with respect to proximity to MH. While ARs are based on a simple measure of value appreciation, PVs are estimated in a linear regression based hedonic price model, which is designed to captures the contributions of structure and location attributes to property values. Results indicate that the appreciation rates slightly decreased with distance from a MH unit in Buncombe and Wake, but the reverse is true in Pitt. The statistical analyses reveal that proximity to a manufactured home influences the value of nearby site-built residential property. Estimated property values show that the further away from a manufactured home, the higher the site-built property value, other things being equal.     

一种新的利用网络爬虫技术的土地价格指数编制方法

研究目标：目前有关中国土地价格指数的研究没有考虑不可观测特征的影响,本文给出一种可以控制不可观测特征的土地价格指数编制方法。[HTH]研究方法：通过结合传统的特征价格模型和重复交易模型,提出固定地理单元并利用组内差分以控制地块不可观测特征,提出了一种新的土地价格指数编制方法。[HTH]研究发现：[HTF][STBZ][WTBZ]以上海为例讨论了分类土地价格指数,研究发现从2008~2015年,上海同质住宅用地价格上升了359.92%,同质工业用地和商服用地价格的涨幅分别为101%和107%。[HTH]研究创新：利用网络爬虫技术收集微观土地交易数据,为指数的编制提供了数据基础。[HTH]研究价值：该方法能够捕捉地块所在的特殊位置对于其价格的影响。     

Hedonic estimation of housing demand elasticity with a markup over marginal costs

We show that recent developments in hedonic pricing theory allow modeling of the equilibrium pricing function as the marginal cost of an additional housing unit plus a markup that varies inversely with the elasticity of demand. Useful information about demand elasticity at a given point on the envelope function can be recovered from the hedonic regression and limited information on marginal costs. In particular, the elasticity of the envelope with respect to any characteristic such as interior area provides information on the elasticity of demand. Relative price elasticities (i.e., elasticities that vary from a base value in a known way with interior area, unit type or neighborhood characteristics) can be computed from the elasticity of the hedonic envelope. Like Yinger (2010), our method is based on a single hedonic equation.We test our method using sales of new high rise condominiums in two districts within Shenzhen, China: Futian and Longgang. The results strongly confirm the main hypothesis of this paper: price elasticity with respect to size is increasing for more complex types of units. Together with estimates of marginal costs of production, these results imply that relative demand elasticity is declining for larger, more complex units.     

基于“城房指数”的中国城市新建商品住房市场有效性研究

本文采用2006年1月至2009年8月我国10个大中城市“城房指数”数据,检验了新建商品住宅市场的有效性,结果显示市场无效是较为普遍的现象。进一步的研究说明,特定的市场参与者可以在无效市场中通过积极预测价格而获得更好的回报。但对一般投资者而言,由于目前调整持有房地产资产比例的投资行为将产生极高的交易费用,获得这一套利机会并不现实。如果未来我国资本市场上出现房地产衍生证券,该问题有可能得到解决,市场有效性也会得到提高。     

Depreciation, Maintenance, and Housing Prices

This paper investigates the effect of homeowner maintenance and improvements on the depreciation rate for housing and on house price indexes. We examine three specifications of a hedonic house price model: one that includes a variable for age, as a proxy for depreciation, and an age–maintenance interaction variable; one that considers depreciation but ignores maintenance; and one that ignores both depreciation and maintenance. The remarks of the listing agent as to the property's condition is our proxy for the level of maintenance characterizing the home. In our sample, we find that poorly maintained homes depreciate at a much faster rate than do homes with average maintenance, and that well-maintained homes depreciate somewhat more slowly. Omitting maintenance from the variable specification has little impact on hedonic house price indexes constructed with our data, but failing to consider dwelling age imparts a significant and growing downward bias to the indexes. Monte Carlo simulations investigating various data specifications support our empirical findings.     

Large lot zoning and subdivision costs: A test

This paper tests two hypotheses: (1) that large lot zoning is a binding constraint on the residential land market and (2) that subdivision costs are inversely related to lot size. The paper shows that, in general, the two hypotheses are not mutually exclusive but that they can be distinguished in the case of a test conducted across tracts of unsubdivided vacant land. A hedonic price model for vacant land is developed and then estimated using disaggregate data from a New York City suburb.     

上海住宅价格的解释——基于自回归均值回复模型的分析

使用1998年1月至2013年7月间月度上海住宅价格指数,采用自回归均值回复模型（ARMR）,尝试对上海住宅价格进行解释。模型效果测试表明模型与实际住宅价格指数之间匹配良好。上海房价均衡月度增长率为0．77％;自回归系数显示43％的前两个月增长率将持续到当月;均值回复系数表明如果上月房价高出（低于）均衡水平1个百分点,下月房价增长率将下降（增加）大约0．022个百分点。     

Residential choice,hedonic prices,and the demand for urban air quality

This paper uses a two-step estimation procedure suggested by Sherwin Rosen to estimate structural demand and supply equations for urban air quality. In the first step, a hedonic price equation is estimated for residential property values for the Washington, D. C., SMSA for 1970. In the second step, a set of marginal hedonic prices is generated. These prices and the quantity of clean air (reciprocal of air pollution) are used as endogenous variables in a simultaneous equation model. Empirical results indicate a price elasticity of demand between ?1.2 and ?1.4 and a unitary income elasticity.