Dingrui Dong
ABSTRACT
This paper studies the determinants of housing price dynam- ics in the New York City. This model is used to study the effect of house factors on the house prices appreciate rate. Using the records of real estate transactions between 2003 and 2017 in the New York City (short referred to as NYC), this paper found that the influencing factors of the property itself have different effects on the house prices appreciate rate. After removing the factor of real estate location, for the average house price appreciate rate, the number of real estate transactions has the greatest impact on house prices; in the case of different house price levels, the land area of the house has the greatest influence on house price growth dur- ing the boom and the depression of housing prices, while the structure and land area of the real estate does the greatest during the recovery period of housing prices
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Index Terms
- Factors Influencing Housing Prices: An Empirical Analysis From New York City
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