Article:

Hierarchical Linear Modeling to Explore the Influence of Satisfaction with Public Facilities on Housing Prices

Author: Lee Chung-Chang

Start Page: 252
End Page: 272
Volume: 12
Issue Number: 3
Year: 2009
Publication: International Real Estate Review

Abstract:

This paper uses hierarchical linear modeling (HLM) to explore the influence of satisfaction with public facilities on both individual residential and overall (or regional) levels on housing prices. The empirical results indicate that the average housing prices between local cities and counties exhibit significant variance. At the macro level, the explanatory power of the variable ˇ§convenience of lifeˇ¨ on the average housing prices of all counties and cities reaches the 5% significance level. The influence of the satisfaction with convenience of life in different counties and cities on housing prices exhibits significant variances.

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