The Virtual Repeat Sale Model for the House Price Index for New Building in China ()
Abstract
By using the characteristics of the new building in China, this article constructs the virtual repeat sale method to produce virtual repeat data which is similar to the repeat sale model on the house price index. Case-Shiller procedure and OFHEO method are used to calculate the house price index for new building in China. A discussion is given and furthering models are needed to take advantage of the virtual repeat sale data.
Share and Cite:
Jin, W. and Jin, S. (2014) The Virtual Repeat Sale Model for the House Price Index for New Building in China.
Applied Mathematics,
5, 3431-3436. doi:
10.4236/am.2014.521320.
Conflicts of Interest
The authors declare no conflicts of interest.
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