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National Center for Real Estate Research


The Value of Housing Characteristics: A Meta Analysis

May 2005

Researchers have analyzed the effects of housing characteristics on selling price using a variety of data sets. This study compares the results of many prior studies to determine if earlier results can be applied to the broader housing market.
This analysis shows that the value of housing characteristics sometimes varies due to location- or time-specific attributes of the analysis but not as markedly as analysts had assumed.

Research Brief (618K pdf) | Executive Summary (607K pdf) |
Full Report (756K pdf)




The Composition of Hedonic Pricing Models: A Review of the Literature

December 2003

A house is made up of a bundle of characteristics that determine its value, even though it is difficult to estimate the effects of particular features. Researchers have conducted many studies that estimate the effects of housing characteristics on home value, most using a hedonic model. This study summarizes the findings from previous research and provides a high level overview of the effects of numerous characteristics.

Research Brief (567K pdf) | Executive Summary (244K pdf) |
Full Report (503K pdf)




The Value of Housing Characteristics

December 2003

A house is made up of a large number of physical and locational attributes that can either add to or subtract from its value. This study uses a detailed data set of property sales from the Philadelphia area to assess how various attributes affect a home's value.

Research Brief (569K pdf) | Executive Summary (344K pdf) |
Full Report (962K pdf) | Summary Table (86K pdf)






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