@article{Grimes:292612,
      recid = {292612},
      author = {Grimes, Arthur and Young, Chris},
      title = {A Simple Repeat Sales House Price Index: Comparative  Properties Under Alternative Data Generation Processes},
      address = {2010-09},
      number = {1124-2019-3112},
      series = {Motu Working Paper 10-10},
      pages = {27},
      year = {2010},
      abstract = {We propose a new method to estimate a repeat-sales house  price index. Our unbalanced panel method employs an OLS  panel regression to estimate the (log) house price as a  function of time fixed effects and house-specific fixed  effects. Comparisons are made across three repeat-sales  methods using actual data, and using simulated data with  both stationary and non-stationary relative price  innovations. The unbalanced panel method comprehensively  utilises all sale information on a house rather than  splitting sales into distinct pairs. It is the simplest of  the methods to implement, and possesses superior properties  to the other two methods under a wide range of data  generation processes.},
      url = {http://ageconsearch.umn.edu/record/292612},
      doi = {https://doi.org/10.22004/ag.econ.292612},
}