2013
DOI: 10.1016/j.compenvurbsys.2012.04.005
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HouSI: Heuristic for delimitation of housing submarkets and price homogeneous areas

Abstract: a b s t r a c tThis paper seeks to address the problem of the empirical identification of housing market segmentation, once we assume that submarkets exist. The typical difficulty in identifying housing submarkets when dealing with many locations is the vast number of potential solutions and, in such cases, the use of the Chow test for hedonic functions is not a practical solution. Here, we solve this problem by undertaking an identification process with a heuristic for spatially constrained clustering, the ''… Show more

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Cited by 20 publications
(9 citation statements)
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“…On the other hand, smaller entrepreneurs and valuers, in particular, may also benefit from this study. Specifically, on the basis of the segmentation carried out, appraisers can easily identify similar housing markets to ensure the accuracy of their estimates when valuing residential properties (Royuela and Duque, 2013).…”
Section: Research Implicationsmentioning
confidence: 99%
“…On the other hand, smaller entrepreneurs and valuers, in particular, may also benefit from this study. Specifically, on the basis of the segmentation carried out, appraisers can easily identify similar housing markets to ensure the accuracy of their estimates when valuing residential properties (Royuela and Duque, 2013).…”
Section: Research Implicationsmentioning
confidence: 99%
“…Work on the fundamental theory of how best to conduct regionalization analyses, in general, is active and ongoing (Folch and Spielman, 2014;Laura et al, 2015;Kim et al, 2016;She et al, 2017). Although regions are sometimes required purely for statistical purposes (Openshaw, 1977;Spielman and Folch, 2015), regions are often used to model urban residential markets (Royuela and Duque, 2013), social communities (Hipp, 2010;Hipp et al, 2012, political communities (Morrill, 1976;Guo, 2008;Pang et al, 2010;Tam Cho and Liu, 2016;Magleby and Mosesson, 2018), disease clusters (Assuncao et al, 2006), and transit zones (Guo and Bhat, 2007;Li et al, 2014;Chen et al, 2015). 3 Depending on the social process under study and the frame of analysis, these may be larger or smaller than other common notions of how "large" a neighborhood is from the perspective of the expressive literature (Spielman and Singleton, 2015).…”
Section: Fully-exclusive Regionalizations: Bounding the Neighbourhoodmentioning
confidence: 99%
“…Bozkaya et al (2011) have proposed a decision support system including multi-criteria mathematical model, tabu search and geographical information system to design the electoral district design for the city of Edmonton. Royuela and Duque (2013) have considered the identification of housing market segmentation and proposed a spatially constrained clustering heuristic for the problem. This heuristic includes the problem specific initial solution construction procedure and tabu search as a local search procedure.…”
Section: Districting Problemmentioning
confidence: 99%