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2020-01Diskussionspapier DOI: 10.18452/21038
How useful is listings data for research?
dc.contributor.authorKolbe, Jens
dc.contributor.authorSchulz, Rainer
dc.contributor.authorWersing, Martin
dc.contributor.authorWerwatz, Axel
dc.date.accessioned2020-01-13T09:05:06Z
dc.date.available2020-01-13T09:05:06Z
dc.date.issued2020-01none
dc.identifier.urihttp://edoc.hu-berlin.de/18452/21783
dc.description.abstractCompared to other asset classes, information on transactions of residential real estate is scarce and available only with delay. Listing information from web-platforms is abundant and timely. Is listings data useful for research? We examine this question and find that distributions of ask and sale prices differ significantly, both because of characteristics composition and implicit pricing. Estimates of the average willingness to pay from ask data can be widely off when compared with estimates from sale data. Ask data is also not useful to predict prices of individual houses and suffer from large error variances. Quality-controlled ask and sale price indices show similar trends and we find that an ask price index can be used for nowcasting. Overall, our analysis shows that ask data has limited potential for research, and is no substitute for sale data.eng
dc.language.isoengnone
dc.publisherHumboldt-Universität zu Berlin
dc.rights(CC BY-NC-ND 3.0 DE) Namensnennung - Nicht-kommerziell - Keine Bearbeitung 3.0 Deutschland
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/de/
dc.subjecthedonic modellingeng
dc.subjectnowcastingeng
dc.subjectprice predictioneng
dc.subjectstochastic dominanceeng
dc.subject.ddc630 Landwirtschaft und verwandte Bereichenone
dc.titleHow useful is listings data for research?none
dc.typeworkingPaper
dc.identifier.urnurn:nbn:de:kobv:11-110-18452/21783-8
dc.identifier.doihttp://dx.doi.org/10.18452/21038
local.edoc.container-titleFORLand Working Papersnone
local.edoc.container-creatorMartin Odeningnone
local.edoc.pages72none
local.edoc.type-nameDiskussionspapier
local.edoc.institutionLebenswissenschaftliche Fakultätnone
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume19none
local.edoc.container-erstkatid2941991-8none

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