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The Virtual Repeat Sale Model for the House Price Index for New Building in China

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DOI: 10.4236/am.2014.521320    4,507 Downloads   4,971 Views   Citations

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.

Conflicts of Interest

The authors declare no conflicts of interest.

Cite this paper

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.

References

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