The repeat rent index

Brent W. Ambrose; N. Edward Coulson; Jiro Yoshida

doi:10.1162/REST_a_00500

The repeat rent index

Brent W. Ambrose, N. Edward Coulson, Jiro Yoshida

Risk Management

Research output: Contribution to journal › Article › peer-review

33 Scopus citations

Abstract

We employ a weighted repeat rent estimator to construct quarterly indexes that expand the profession's ability to make cross-sectional comparisons of housing markets. Our analysis shows that there is considerable heterogeneity in the behavior of rents across cities over the 2000-2010 decade, but the number of cities and years for which nominal rents fell is substantial; rents fell in many cities following the onset of the housing crisis in 2007; and the repeat rent and Bureau of Labor Statistics indexes differ due to sampling and construction methods.

Original language	English (US)
Pages (from-to)	939-950
Number of pages	12
Journal	Review of Economics and Statistics
Volume	97
Issue number	5
DOIs	https://doi.org/10.1162/REST_a_00500
State	Published - Dec 1 2015

All Science Journal Classification (ASJC) codes

Social Sciences (miscellaneous)
Economics and Econometrics

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1162/REST_a_00500

Cite this

@article{5b2f2765bc6c4cef805db9bd734578ec,

title = "The repeat rent index",

abstract = "We employ a weighted repeat rent estimator to construct quarterly indexes that expand the profession's ability to make cross-sectional comparisons of housing markets. Our analysis shows that there is considerable heterogeneity in the behavior of rents across cities over the 2000-2010 decade, but the number of cities and years for which nominal rents fell is substantial; rents fell in many cities following the onset of the housing crisis in 2007; and the repeat rent and Bureau of Labor Statistics indexes differ due to sampling and construction methods.",

author = "Ambrose, {Brent W.} and Coulson, {N. Edward} and Jiro Yoshida",

year = "2015",

month = dec,

day = "1",

doi = "10.1162/REST_a_00500",

language = "English (US)",

volume = "97",

pages = "939--950",

journal = "Review of Economics and Statistics",

issn = "0034-6535",

publisher = "MIT Press Journals",

number = "5",

}

TY - JOUR

T1 - The repeat rent index

AU - Ambrose, Brent W.

AU - Coulson, N. Edward

AU - Yoshida, Jiro

PY - 2015/12/1

Y1 - 2015/12/1

N2 - We employ a weighted repeat rent estimator to construct quarterly indexes that expand the profession's ability to make cross-sectional comparisons of housing markets. Our analysis shows that there is considerable heterogeneity in the behavior of rents across cities over the 2000-2010 decade, but the number of cities and years for which nominal rents fell is substantial; rents fell in many cities following the onset of the housing crisis in 2007; and the repeat rent and Bureau of Labor Statistics indexes differ due to sampling and construction methods.

AB - We employ a weighted repeat rent estimator to construct quarterly indexes that expand the profession's ability to make cross-sectional comparisons of housing markets. Our analysis shows that there is considerable heterogeneity in the behavior of rents across cities over the 2000-2010 decade, but the number of cities and years for which nominal rents fell is substantial; rents fell in many cities following the onset of the housing crisis in 2007; and the repeat rent and Bureau of Labor Statistics indexes differ due to sampling and construction methods.

UR - http://www.scopus.com/inward/record.url?scp=84949746209&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84949746209&partnerID=8YFLogxK

U2 - 10.1162/REST_a_00500

DO - 10.1162/REST_a_00500

M3 - Article

AN - SCOPUS:84949746209

SN - 0034-6535

VL - 97

SP - 939

EP - 950

JO - Review of Economics and Statistics

JF - Review of Economics and Statistics

IS - 5

ER -

The repeat rent index

Abstract

All Science Journal Classification (ASJC) codes

UN SDGs

Access to Document

Other files and links

Fingerprint

Cite this