본문 바로가기
  • Home

An Application of Hierarchical Linear Models for the Evaluation of Housing Price

Juyoung Kim 1 김주후 2

1서울시립대학교
2미주리주립대

Candidate

ABSTRACT

There has been a long history of research into the development and estimation of hedonic price models. A major issue lies in the integration of the conceptual and theoretical models of local housing markets with the context-insensitive nature of the standard hedonic model specification. This paper introduce new method in evaluation of housing price instead of hedonic price models. Hierarchical linear models can handle spatial autocorrelation and heteroscasdacity problem. We introduce theoretical background and suggest an example of housing price evaluation of redevelopment apartment. One level is each property and level two is dong. The results show that hlm is a useful method for the Evaluation of Housing Price.

Citation status

* References for papers published after 2022 are currently being built.