Statistical Methods for Modeling Home Values
Columbia University - Department of Statistics
December 15, 2008
Recent problems in the economy have focused a spotlight on some of the problems that existed in the Real Estate industry during the past several years. Many of the current economic problems are a direct result of overly optimistic valuations of home prices. This article addresses specific problems relating to subjective home price valuations. The method outlined here gives a framework for a home buyer to validate the asking price or accessed value of a home value quoted by a realtor or appraiser.
Number of Pages in PDF File: 15
Keywords: statistical methods, model selection, home values, programming, simulation, analysis
JEL Classification: C10, C15, C40, G12working papers series
Date posted: October 28, 2011
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