Location, Age, Size: Factors Driving Housing Prices Revealed in New Study
The study looked at how different features of a house affect its price. They used a method called the hedonic price model to analyze data on house prices in Baoding. By focusing on variables like building age, size, location, and listing time, they found that these factors all have a significant impact on housing prices. The model they used worked well in predicting house prices based on these characteristics.