Determinants of House Prices : A Quantile Regression Approach †

  title={Determinants of House Prices : A Quantile Regression Approach †},
  author={Joachim Zietz and Emily N. Zietz and G. Stacy Sirmans},
OLS regression has typically been used in housing research to determine the relationship of a particular housing characteristic with selling price. Results differ across studies, not only in terms of size of OLS coefficients and statistical significance, but sometimes in direction of effect. This study suggests that some of the observed variation in the estimated prices of housing characteristics may reflect the fact that characteristics are not priced the same across a given distribution of… CONTINUE READING
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