Using Geographic Information Systems to Improve Real Estate Analysis
Journal of Real Estate ResearchPublished 1 January 1995
Mauricio Rodríguez, C. F. Sirmans, Allen Marks
Citations57
SJR quartileQ2
SJR score0.45
SNIP0.80
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Abstract
Geographic information systems (GIS) technology provides users with the ability to improve real estate analysis. First, we describe GIS in general and then discuss some GIS real estate applications. Next, we illustrate how GIS can be used to calculate a shortest-path algorithm that produces a location variable superior to the traditionally used straight-line distance variable. Our sample provides empirical evidence of a statistically significant relationship between residential sales prices and the additional information provided by the GIS-created variable.
Keywords
Economics, Econometrics and Finance
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