caa a22 4500 477129900 CHVBK 20180405111702.0 cr unu---uuuuu 170330e19970101xx s 000 0 eng 10.1023/A:1007748807628 doi (NATIONALLICENCE)springer-10.1023/A:1007748807628 Constructing Indices of the Price of Multifamily Properties Using the 1991 Residential Finance Survey [Elektronische Daten] [James Follain, Charles Calhoun] Indices of the price of constant-quality, owner-occupied single-family housing are widely available and have been instrumental in learning about the operations of the market for owner-occupied housing. Such is not the case for multifamily rental housing. The purpose of this article is to provide information about movements in the price of multifamily properties during the 1980s and early 1990s using the 1991 Residential Finance Survey (RFS). Several conclusions are drawn from the development and analysis of indices of the price of multifamily housing for the nation and four large states (California, Florida, New York, and Texas). First, indices for the period 1983--1991 generate similar patterns among the various methods employed; furthermore, movements in the index during the period 1983--1991 seem reasonable. Second, much regional variation exists. Prices in Texas were particularly hard hit, falling by over 25% in nominal terms between 1983 and 1991. Third, the impact of the Tax Reform Act of 1986 does not appear to have been as dramatic as some have suggested. Indeed, price declines do not show up in either the 1986 or 1987 indices for the nation, California, or New York. Kluwer Academic Publishers, 1997 multifamily housing nationallicence price indices nationallicence repeat-sales indices nationallicence Tax Reform Act of 1986 nationallicence Residential Finance Survey nationallicence Follain James Center for Policy Research, Syracuse University, USA aut Calhoun Charles Office of Federal Housing Enterprise Oversight, USA aut The Journal of Real Estate Finance and Economics Kluwer Academic Publishers 14/1-2(1997-01-01), 235-255 0895-5638 14:1-2<235 1997 14 11146 https://doi.org/10.1023/A:1007748807628 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1023/A:1007748807628 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Follain James Center for Policy Research, Syracuse University, USA aut NATIONALLICENCE 700 1- Calhoun Charles Office of Federal Housing Enterprise Oversight, USA aut NATIONALLICENCE 773 0- The Journal of Real Estate Finance and Economics Kluwer Academic Publishers 14/1-2(1997-01-01), 235-255 0895-5638 14:1-2<235 1997 14 11146 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer