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) |
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Pages (from-to) | 939-950 |
Number of pages | 12 |
Journal | Review of Economics and Statistics |
Volume | 97 |
Issue number | 5 |
DOIs | |
State | Published - Dec 1 2015 |
All Science Journal Classification (ASJC) codes
- Social Sciences (miscellaneous)
- Economics and Econometrics