The repeat rent index

• Autores: Brent W. Ambrose, N. Edward Coulson, Jiro Yoshida
• Localización: The Review of economics and statistics, ISSN 0034-6535, Vol. 97, Nº 5, 2015, págs. 939-950
• Idioma: inglés
• DOI: 10.1162/rest_a_00500
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• Resumen

  • We employ a weighted repeat rent estimator to construct quarterly indexes that expand the profession's ability to make cross-sectional comparisons of housing markets. Our analysis shows that there is considerable heterogeneity in the behavior of rents across cities over the 2000-2010 decade, but the number of cities and years for which nominal rents fell is substantial; rents fell in many cities following the onset of the housing crisis in 2007; and the repeat rent and Bureau of Labor Statistics indexes differ due to sampling and construction methods