SURP Director Steven Bourassa and co-author Martin Hoesli of the University of Geneva have won the “Innovative Thinking Out of the Box” best paper prize for their paper, “High Frequency House Price Indexes with Scarce Data”, presented at the 2016 American Real Estate Society (ARES) Annual Meeting in Denver, Colorado. The paper presents a method for calculating house price indexes for small areas, such as city neighborhoods, on a monthly or quarterly basis. The paper is forthcoming in the Journal of Real Estate Literature, which is published by ARES. The prize is sponsored by the Homer Hoyt Institute.
Steven Bourassa, Director of the School of Urban and Regional Planning and the School of Public Administration, and his coauthors Martin Hoesli of the University of Geneva (Switzerland) and Elias Oikarinen and Janne Engblom of the University of Turku (Finland) have won the prize for the best paper in real estate market analysis presented at the American Real Estate Society (ARES) Annual Meeting held in San Diego in April 2017. The paper is titled “Revisiting the House Price-Income Relationship” and aims to resolve some longstanding issues about how personal income growth affects housing markets in metropolitan areas. The paper applies state-of-the-art statistical techniques to analysis of data for the 50 largest metropolitan areas in the U.S. For a second consecutive year, Bourassa and Hoesli have won a “Best Paper” prize at the ARES conference.