The repeat rent index

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

Research output: Contribution to journalArticlepeer-review

14 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 languageEnglish (US)
Pages (from-to)939-950
Number of pages12
JournalReview of Economics and Statistics
Volume97
Issue number5
DOIs
StatePublished - Dec 1 2015

All Science Journal Classification (ASJC) codes

  • Social Sciences (miscellaneous)
  • Economics and Econometrics

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