Depreciation of housing capital, maintenance, and house price inflation: Estimates from a repeat sales model

By John P. Harding, Stuart S. Rosenthal, C. Sirmans. 2007

315 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Management, Monitoring, Policy and Law

View Paper: https://www.semanticscholar.org/paper/52b25796398d5b18e22dadcf7e80a7a52928520b

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. K. Sommer
2. P. Sullivan
3. Randal J. Verbrugge
4. Kristopher Gerardi
5. Joseph S. Tracy
6. P. Willen
7. Joseph Gyourko
8. Huw Lloyd-Ellis

In Economics and Econometrics

1. K. Sommer
2. P. Sullivan
3. Fernando V. Ferreira
4. Stuart S. Rosenthal
5. Randal J. Verbrugge
6. Kristopher Gerardi
7. Joseph S. Tracy
8. P. Willen

In Management, Monitoring, Policy and Law

1. Vincent Yao
2. E. Rosenblatt
3. Kristopher Gerardi
4. Stuart S. Rosenthal
5. P. Willen
6. Hye-Sung Han

Citations in the corpus

• Search, Liquidity and the Dynamics of House Prices and Construction (2014, background): “Given (14), (29), (30) and (32), the dynamic equations for renters, buyers, owners and houses, per capita, respectively, can be written as”
• Housing Busts and Household Mobility (2010, background): “Harding et al. (2007) document the important role of maintenance expenditures at reducing the depreciation rate on housing.”
• Foreclosure externalities: New evidence (2015, background): “Harding et al., (2009), impose the same restriction in their analysis.”
• Are Private Markets and Filtering a Viable Source of Low-Income Housing? Estimates from a "Repeat Income" Model (2014, background): “4 Harding et al (2007) emphasize that price indexes based on repeat sales models are excellent measures of the rate at which an existing stock of homes appreciates.”
• The Contagion Effect of Foreclosed Properties (2009, unknown): “We use an extension of the repeat sales model (first suggested by Bailey et al., 1963, and later utilized by Schwartz, et al., 2003, and Harding et al., 2007) that explicitly controls for property characteristics that are expected to change between sales and thus do not difference out of the repeat…”
• Estimating the Elasticity of Intertemporal Substitution Using Mortgage Notches (2018, unknown): “DEPRECIATION: Harding et al. (2007) estimate an annual depreciation rate of d = 0.025 per annum.”
• The equilibrium effect of fundamentals on house prices and rents (2013, background): “(2), Harding et al. (2007) estimate that the depreciation rate for housing units used as shelter is between 2.”