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Titolo:
Evaluating real estate valuation systems
Autore:
Shiller, RJ; Weiss, AN;
Indirizzi:
Yale Univ, Cowles Fdn, New Haven, CT 06520 USA Yale Univ New Haven CT USA06520 niv, Cowles Fdn, New Haven, CT 06520 USA Case Schiller Weiss Inc, Cambridge, MA 02138 USA Case Schiller Weiss Inc Cambridge MA USA 02138 c, Cambridge, MA 02138 USA
Titolo Testata:
JOURNAL OF REAL ESTATE FINANCE AND ECONOMICS
fascicolo: 2, volume: 18, anno: 1999,
pagine: 147 - 161
SICI:
0895-5638(199903)18:2<147:EREVS>2.0.ZU;2-5
Fonte:
ISI
Lingua:
ENG
Keywords:
appraisal; automated valuation models (AVMs); accuracy; mortgage; default; foreclosure; density estimation and profit simulation (DEPS) method;
Tipo documento:
Article
Natura:
Periodico
Settore Disciplinare:
Social & Behavioral Sciences
--discip_BC--
Citazioni:
13
Recensione:
Indirizzi per estratti:
Indirizzo: Shiller, RJ Yale Univ, Cowles Fdn, 30 Hillhouse Ave, New Haven, CT 06520 USA Yale Univ 30 Hillhouse Ave New Haven CT USA 06520 CT 06520 USA
Citazione:
R.J. Shiller e A.N. Weiss, "Evaluating real estate valuation systems", J REAL ES F, 18(2), 1999, pp. 147-161

Abstract

A framework for comparing real estate valuation systems (including automated valuation models (AVMs) and current appraisal methods) is proposed. The density estimation and profit simulation (DEPS) method measures quality of a valuation system by simulating benefits to the mortgage lender who uses this method in mortgage underwriting to limit mortgage portfolio losses due to default. Related simple measures relevant to the selection of a valuation system are also discussed: skewness of the distribution of errors, correlation of valuation errors with current selling price errors, correlation oferrors of the valuation system with errors of valuation systems used by competing mortgage lenders, and other measures.

ASDD Area Sistemi Dipartimentali e Documentali, Università di Bologna, Catalogo delle riviste ed altri periodici
Documento generato il 26/11/20 alle ore 20:16:42