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@article{ART001912952},
author={JUNG, TAEHUN and Kim Byung Jo and Jung Changdo},
title={The Construction of Housing Price Indices Using Matching Approach: The Case of Apartments in Daegu},
journal={The Korea Spatial Planning Review},
issn={1229-8638},
year={2014},
volume={82},
pages={77-95},
doi={10.15793/kspr.2014.82..006}

TY - JOUR
AU - JUNG, TAEHUN
AU - Kim Byung Jo
AU - Jung Changdo
TI - The Construction of Housing Price Indices Using Matching Approach: The Case of Apartments in Daegu
JO - The Korea Spatial Planning Review
PY - 2014
VL - 82
IS - null
PB - 국토연구원
SP - 77
EP - 95
SN - 1229-8638
AB - Housing price index using matching approach is introduced to complement the problems of inaccuracy in hedonic price index and omission of data in Repeat Sales price index and this study marks the first attempt to adopt matching approach for regional analysis. Using actual transaction price data of apartments in Daegu, the results indicate that Matched Repeat Sales index follows the similar pattern as KAB (Korea Appraisal Board) index, KB index or Repeat Sales index. While the hedonic index tends to overestimate the housing price, McMillen index tends to underestimate it. The housing price index presented in this study is expected to contribute to providing additional information to predict housing market.
KW - Actual Transaction Price;Matching Approach;Hedonic;Repeat Sales
DO - 10.15793/kspr.2014.82..006
ER -

JUNG, TAEHUN, Kim Byung Jo and Jung Changdo. (2014). The Construction of Housing Price Indices Using Matching Approach: The Case of Apartments in Daegu. The Korea Spatial Planning Review, 82, 77-95.

JUNG, TAEHUN, Kim Byung Jo and Jung Changdo. 2014, "The Construction of Housing Price Indices Using Matching Approach: The Case of Apartments in Daegu", The Korea Spatial Planning Review, vol.82, pp.77-95. Available from: doi:10.15793/kspr.2014.82..006

JUNG, TAEHUN, Kim Byung Jo, Jung Changdo "The Construction of Housing Price Indices Using Matching Approach: The Case of Apartments in Daegu" The Korea Spatial Planning Review 82 pp.77-95 (2014) : 77.

JUNG, TAEHUN, Kim Byung Jo, Jung Changdo. The Construction of Housing Price Indices Using Matching Approach: The Case of Apartments in Daegu. 2014; 82 77-95. Available from: doi:10.15793/kspr.2014.82..006

JUNG, TAEHUN, Kim Byung Jo and Jung Changdo. "The Construction of Housing Price Indices Using Matching Approach: The Case of Apartments in Daegu" The Korea Spatial Planning Review 82(2014) : 77-95.doi: 10.15793/kspr.2014.82..006

JUNG, TAEHUN; Kim Byung Jo; Jung Changdo. The Construction of Housing Price Indices Using Matching Approach: The Case of Apartments in Daegu. The Korea Spatial Planning Review, 82, 77-95. doi: 10.15793/kspr.2014.82..006

JUNG, TAEHUN; Kim Byung Jo; Jung Changdo. The Construction of Housing Price Indices Using Matching Approach: The Case of Apartments in Daegu. The Korea Spatial Planning Review. 2014; 82 77-95. doi: 10.15793/kspr.2014.82..006

JUNG, TAEHUN, Kim Byung Jo, Jung Changdo. The Construction of Housing Price Indices Using Matching Approach: The Case of Apartments in Daegu. 2014; 82 77-95. Available from: doi:10.15793/kspr.2014.82..006

JUNG, TAEHUN, Kim Byung Jo and Jung Changdo. "The Construction of Housing Price Indices Using Matching Approach: The Case of Apartments in Daegu" The Korea Spatial Planning Review 82(2014) : 77-95.doi: 10.15793/kspr.2014.82..006