Reference Hub1
Geospatial Analysis for Real Estate Valuation Models

Geospatial Analysis for Real Estate Valuation Models

Susan Wachter, Michelle M. Thompson, Kevin C. Gillen
Copyright: © 2005 |Pages: 23
ISBN13: 9781591403999|ISBN10: 1591403995|EISBN13: 9781591404019
DOI: 10.4018/978-1-59140-399-9.ch013
Cite Chapter Cite Chapter

MLA

Wachter, Susan, et al. "Geospatial Analysis for Real Estate Valuation Models." Geographic Information Systems in Business, edited by James Pick, IGI Global, 2005, pp. 278-300. https://doi.org/10.4018/978-1-59140-399-9.ch013

APA

Wachter, S., Thompson, M. M., & Gillen, K. C. (2005). Geospatial Analysis for Real Estate Valuation Models. In J. Pick (Ed.), Geographic Information Systems in Business (pp. 278-300). IGI Global. https://doi.org/10.4018/978-1-59140-399-9.ch013

Chicago

Wachter, Susan, Michelle M. Thompson, and Kevin C. Gillen. "Geospatial Analysis for Real Estate Valuation Models." In Geographic Information Systems in Business, edited by James Pick, 278-300. Hershey, PA: IGI Global, 2005. https://doi.org/10.4018/978-1-59140-399-9.ch013

Export Reference

Mendeley
Favorite

Abstract

This chapter provides an overview of a major contemporary issue in real estate valuation — the use of geographical data to improve valuation outcomes. The spatial nature of real estate data allow the development of specialized models that increase the likelihood for better predictions. This chapter examines how using spatial data, with geographical information systems (GIS), can improve the accuracy of real estate valuation models. Contemporary theory in economics, planning, housing, and appraisal influences the model application that underlies the new field of GIScience and the use of Automated Valuation Models (AVMs) in practice. Exploratory methods of model development are also considered in the presentation of a case study along with a discussion of the changing history, development and future of AVMs and GIS.

Request Access

You do not own this content. Please login to recommend this title to your institution's librarian or purchase it from the IGI Global bookstore.