Mass Appraisal of Residential Real Estate Using Multilevel Modelling

Arribas, Iván; García, Fernando; Guijarro, Francisco; Oliver, Javier; Tamošiūnienė, Rima

doi:10.3846/1648715x.2015.1134702

Cited by 47 publications

(42 citation statements)

References 35 publications

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“…The study further emphasized changing behavioral patterns of the household, which will, in turn, reflect the value of the property [46]. However, to appraise for pricing a large number of housing units, some criteria need to be considered, such as the characteristics of building fabrics and also the neighborhood [47].…”

Section: Affordability In Housingmentioning

confidence: 99%

Success Criteria Evaluation for a Sustainable and Affordable Housing Model: A Case for Improving Household Welfare in Nigeria Cities

Saidu

Yeom

2020

Sustainability

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Due to rapid urbanization and the recent growing influx of migrants from politically fragile states, cities are now faced with an impending housing problem. In developing countries like Nigeria, the impacts of the housing problem, which include economic, social (humanitarian), and environmental crises, are evident. Recently, sustainability has become a central theme for public discussion, not only in expanding housing for the growing population but also in improving the quality of residential livelihoods of low-income households without compromising the housing needs of future generations. So far, there have been numerous studies conducted on sustainable housing in Nigeria, touching on sustainability in housing but mostly from the professionals’ point of view. Therefore, a document content analysis to generate success criteria and a survey for household validation were conducted. Results show that security ranks the highest, and other criteria of importance include accessibility, adaptability, utility, technology, community, affordability, and acceptability. Hence, the study concludes that social and environmental sustainability in housing should enhance household satisfaction by ensuring the security and welfare of its residents, adapt to its immediate environment, be acceptable, be supported with social amenity to integrate the community through participation, and, finally, manage household utility efficiently.

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Section: Affordability In Housingmentioning

confidence: 99%

Success Criteria Evaluation for a Sustainable and Affordable Housing Model: A Case for Improving Household Welfare in Nigeria Cities

Saidu

Yeom

2020

Sustainability

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“…Arribas et al (2016) use the HLM to classify the variables into apartment and neighborhood levels. They find that the HTM parameters have lower estimated variance than OLS [55]. Meanwhile, the HTM can be seen as an extension of a dummy variable model with time varying constants for the different clusters [56].…”

Section: Hierarchical Modelmentioning

confidence: 99%

Mass Appraisal Models of Real Estate in the 21st Century: A Systematic Literature Review

Wang

2019

Sustainability

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With the increasing volume and active transaction of real estate properties, mass appraisal has been widely adopted in many countries for different purposes, including assessment of property tax. In this paper, 104 papers are selected for the systematic literature review of mass appraisal models and methods from 2000 to 2018. The review focuses on the application trend and classification of mass appraisal and highlights a 3I-trend, namely AI-Based model, GIS-Based model and MIX-Based model. The characteristics of different mass appraisal models are analyzed and compared. Finally, the future trend of mass appraisal based on model perspective is defined as “mass appraisal 2.0”: mass appraisal is the appraisal procedure of model establishment, analysis and test of group of properties as of a given date, combined with artificial intelligence, geo-information systems, and mixed methods, to better model the real estate value of non-spatial and spatial data.

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“…The literature [47] has used the hierarchical linear model (HLM) to overcome the limitation of "not considering hierarchical structure of the data". The literature [47] plays an important role in researching residential real estate using multilevel modeling.…”

Section: Econometric Model Settingmentioning

confidence: 99%

Population Aging, Household Savings and Asset Prices: A Study Based on Urban Commercial Housing Prices

et al. 2019

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Currently, China's aging population, high savings rate and high housing asset prices coexist, which has become a hot issue in academic research. First, considering the life-cycle hypothesis and overlapping generations model, asset prices are negatively correlated with the population dependency ratio and positively correlated with household savings. Second, based on census data from prefecture-level cities, a pooled regression model and two-stage least squares (2SLS) are used in this empirical research. The child dependency ratio was found to have a significant negative impact on housing prices, while the elderly dependency ratio had a positive impact on housing prices. The positive relationship between household savings and housing prices is highly significant. Finally, the interaction analysis shows that the impact of population aging on housing prices differs under different levels of household savings; thus, population aging affects housing prices through household savings, and the mediator dilutes and weakens this impact. The elderly generation's release of savings could gradually inhibit housing prices. Population aging causes long-run downside risks but not a market meltdown.

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Mass Appraisal of Residential Real Estate Using Multilevel Modelling

Cited by 47 publications

References 35 publications

Success Criteria Evaluation for a Sustainable and Affordable Housing Model: A Case for Improving Household Welfare in Nigeria Cities

Success Criteria Evaluation for a Sustainable and Affordable Housing Model: A Case for Improving Household Welfare in Nigeria Cities

Mass Appraisal Models of Real Estate in the 21st Century: A Systematic Literature Review

Population Aging, Household Savings and Asset Prices: A Study Based on Urban Commercial Housing Prices

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