<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The presented research aims to contribute to the concerns regarding the evolutionary dynamics of the real estate market, seen as an open system flowing from one equilibrium state into another. In such quasi-stable states, real estate markets are thought to change only slightly with elapsed time, but occasionally, a sudden jump, during which the markets undergo changes of structural origin, might occur as well. Hence, the paper contains an analysis of the dynamics of time series of housing prices in order to distinguish between processes of different time scales. Research was performed assuming <italic>a priori</italic> distributions of the variables, and using the autocorrelation function together with the partial autocorrelation function for detailed data analysis.</p></abstract>

The presented research aims to contribute to the concerns regarding the evolutionary dynamics of the real estate market, seen as an open system flowing from one equilibrium state into another. In such quasi-stable states, real estate markets are thought to change only slightly with elapsed time, but occasionally, a sudden jump, during which the markets undergo changes of structural origin, might occur as well. Hence, the paper contains an analysis of the dynamics of time series of housing prices in order to distinguish between processes of different time scales. Research was performed assuming a priori distributions of the variables, and using the autocorrelation function together with the partial autocorrelation function for detailed data analysis.

The Dynamics Of Time Series Of Real Estate Prices

Faculty of Geodesy, Geospatial and Civil Engineering, University of Warmia and Mazury in Olsztyn

Faculty of Mathematics and Informatics, University of Warmia and Mazury in Olsztyn

Real Estate Management and Valuation

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"The Dynamics Of Time Series Of Real Estate Prices"}

The presented research aims to contribute to the concerns regarding the evolutionary dynamics of the real estate market, seen as an open system flowing from...

The Dynamics Of Time Series Of Real Estate Prices

Online veröffentlicht: 06. Jan. 2016

Seitenbereich: 35 - 43

DOI: https://doi.org/10.1515/remav-2015-0034

Schlüsselwörter
time series, dynamics, real estate market

© 2014 Miroslaw Belej et al., published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The Dynamics Of Time Series Of Real Estate Prices

Online veröffentlicht: 06. Jan. 2016

Seitenbereich: 35 - 43

DOI: https://doi.org/10.1515/remav-2015-0034

Schlüsselwörtertime series, dynamics, real estate market

© 2014 Miroslaw Belej et al., published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Schlüsselwörter
time series, dynamics, real estate market