Classification of Housing Submarkets considering Human Preference: A Case Study in Shenyang, China

Abstract

Housing submarket is affected by the quality of public facilities in neighborhood. In this article, a three-step framework is proposed to classify the housing market in Shenyang city, China. The saliences of point of interest, POI, are used to quantify the degree of activities using social media data and merged into the model of density-field hotspot detector to extract high-quality of urban facilities, aiming at exploring the influences on the housing price. The multiscale geographically weighted regression model, MGWR, is applied to investigate relations between the housing price and attribute variables geographically and to identify multiscale impacts on the housing price with flexible bandwidths. The spatial “k”luster analysis by the tree edge removal method, SKATER, is applied to delimit urban housing submarkets based on the MGWR betas, where ten groups of the housing submarkets are recognized. The proposed classification method captures multiscale spatial heterogeneity of the housing price and predominant influencing factors for each housing submarket in Shenyang, China. It also offers suggestions for urban planners to restrain the unbalanced development of the housing market.