System for Generating a Housing Price Index

A method of automatically generating a housing price index, comprising:

• receiving, in a receiving unit, transaction data relating to sales of at least one of houses and apartments,
• generating, in a generating unit, a hedonic price index based on received transaction data for a specified period, and
• continuously determining an estimate of the hedonic price index for the current period based on received new transaction data.

A method of automatically generating a housing price index for a city, comprising:

• receiving, in a receiving unit, transaction data relating to sales of at least one of houses and apartments,
• generating, in a generating unit, a hedonic price index based on received transaction data for a specified period, and
• including, as a parameter in generating the hedonic price index, a distance to a center of the city.

A method of automatically generating a housing price index, comprising:

• receiving, in a receiving unit, transaction data relating to sales of at least one of houses and apartments, and
• generating, in a generating unit, a hedonic price index based on received transaction data for a specified period, wherein the hedonic price index is generated using moving window regression.

A computer system for automated generation of a housing price index, comprising:

• a receiving unit configured for receiving transaction data relating to sales of at least one of houses and apartments, and
• a generating unit configured for generating a hedonic price index based on received transaction data for a specified period, and for continuously determining an estimate of the hedonic price index for a current period based on received new transaction data.

A computer system for automated generation of a housing price index for a city, comprising:

• a receiving unit configured for receiving transaction data relating to sales of at least one of houses and apartments,
• a generating unit configured for generating a hedonic price index based on received transaction data for a specified period, and for including, as a parameter in generating the hedonic price index, a distance to the center of the city.

A computer system for automated generation of a housing price index, comprising:

• a receiving unit configured for receiving transaction data relating to sales of at least one of houses and apartments, and
• a generating unit configured for generating a hedonic price index based on received transaction data for a specified period using moving window regression.

A method of generating a housing price index for an area, comprising:

• combining, in a combining unit, information about long-term development from a first area with information about short-term-development for at least one of a correlated larger area and a cluster of correlated areas, and
• estimating, in an estimating unit, at least one of a short-term development and a long-term development of the housing price index for the first area based on combined information.