caa a22 4500 477129862 CHVBK 20180405111701.0 cr unu---uuuuu 170330e19970101xx s 000 0 eng 10.1023/A:1007763816289 doi (NATIONALLICENCE)springer-10.1023/A:1007763816289 Sample Selection Bias and Repeat-Sales Index Estimates [Elektronische Daten] [Dean Gatzlaff, Donald Haurin] Analysis of variations in house values among localities requires reliable house value indices. Gatzlaff and Haurin (1994) indicate that traditional hedonic house value index estimates, using only information from a sample of sold homes to estimate value movements for the entire housing stock, may be subject to substantial bias. This article extends previous work by adapting the censored sample procedure to the repeat-sales index estimation model. Using data from Dade County, Florida, a house value index constructed from a sample of homes selling more than once, rather than all houses in a locality, is found to be biased. The bias is shown to be highly correlated with changes in economic conditions. Kluwer Academic Publishers, 1997 house price index nationallicence sample selection nationallicence housing markets nationallicence Gatzlaff Dean Department of Insurance, Real Estate, and Business Law, The Florida State University, 32306, Tallahassee, FL aut Haurin Donald Departments of Economics and Finance, The Ohio State University, 1945 N. High Street, 43210, Columbus, OH aut The Journal of Real Estate Finance and Economics Kluwer Academic Publishers 14/1-2(1997-01-01), 33-50 0895-5638 14:1-2<33 1997 14 11146 https://doi.org/10.1023/A:1007763816289 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1023/A:1007763816289 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Gatzlaff Dean Department of Insurance, Real Estate, and Business Law, The Florida State University, 32306, Tallahassee, FL aut NATIONALLICENCE 700 1- Haurin Donald Departments of Economics and Finance, The Ohio State University, 1945 N. High Street, 43210, Columbus, OH aut NATIONALLICENCE 773 0- The Journal of Real Estate Finance and Economics Kluwer Academic Publishers 14/1-2(1997-01-01), 33-50 0895-5638 14:1-2<33 1997 14 11146 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer