Fill in order details

  • Submit your instructions
    to writers for free!

Chat with the writer

  • Chat with preferred expert writers
  • Request a preview of your paper
    from them for free


  • Project edited by the quality evaluation department

Download Your Completed Project

  • Download the completed project from your account or have it sent to your email address

The Greater Las Vegas Association of Realtors® (GLVAR) is interested in analyzing the determinants of residential property values in the Las Vegas Metropolitan Area housing market

Determinants of Residential Property values in the Las Vegas Metropolitan Area (Use the data File: Housing)

The Greater Las Vegas Association of Realtors® (GLVAR) is interested in analyzing the determinants of residential property values in the Las Vegas Metropolitan Area housing market. The data set is based on the 2015 residential properties of the Las Vegas Metropolitan Area. Residential property values (PRICE) are explained by a number of factors. The relationship between price and these factors is written as:

                        PRICE =f(SQFT, BED, BATH, AGE, POOL, FORECLOS)

                        PRICE           = Sale price of residential property

                        SQFT              = Square feet, measuring the size of living space

BED                = Number of bedrooms

BATH             = Number of bathrooms

AGE               = Year of the residential property

POOL             = 1 if the property has a pool or a spa and 0 if not.

FORECLOS  = 1 if property is a foreclosed property and 0 if not

Part I: Characteristics of residential properties

  1.  Construct a table that includes the summary statistics (mean, standard deviation, minimum and maximum) of all the variables. Explain briefly your findings.
  • Compute the matrix of correlation coefficients for the variables PRICE, SQFT, BED, BATH, AGE, POOL, and FORECLOS. Analyze the direction and strength of the relationship of the right-hand side variables (SQFT, BED, BATH, AGE, POOL, and FORECLOS) on PRICE. Explain your findings.
  • Show the scatter plots of the relationships between (i) PRICE and SQFT, (ii) PRICE and BED, (iii) PRICE and BATH, and (iii) PRICE and AGE (Use PRICE as the variable on the vertical axis in each plot). Explain your findings. Are the results of the plots consistent with the correlation results in (2)? Explain.

Part II: Comparing characteristics of foreclosed and non-foreclosed home

Is there a difference in values between foreclosed and non-foreclosed residential properties? Compute the average difference in values of the two types of properties. Explain your findings. Are your findings consistent with intuition? Explain.

Table: Descriptive Statistics (Average Values)

Variables                    Foreclosed                  Non-foreclosed                      Difference                             






Part III: Policy recommendation

The Greater Las Vegas Association of Realtors® (GLVAR) likes your study and requests that you draft a useful policy for the Association with regard to housing market condition in Las Vegas. Your recommendation should be based essentially on the data and results of this project.

Place your order now on a similar paper and get best quality work written by our expert level writers. “A” guaranteed.

assignment writing help

What our customers say

Ishita M.Ishita M.
Great Job! Thank you so much for your work. You got it done faster than I imagined and everything is perfect. Will definitely be using you again!
Megan J.Megan J.
"As a wife, mother, and full-time student, I was struggling to try to go back to school and take care of my responsibilities. Sometimes you just need a little help, and I appreciate all the help I have gotten from Academic Research Bureau. My papers are on-time and the writers are easy to work with. Thanks for the support!"
Rajab M.Rajab M. has saved me a lot of time. I was tired of taking the same classes many times over again. As an ESL student, my professors were taking points off of my assignments for my grammar mistakes. It made it very hard to feel encouraged to continue with my studies. Thankful for having found an answer for better grades."
Frank N.Frank N.
As a working student, I just really don't have the time to write paper after paper and complete assignment after assignment. Working full-time and going to school was nearly impossible until I was able to feel comfortable with the writers on this site. They make me feel secure enough to trust them with my papers. While I'm busy with life, they are busy writing my papers. They always do an outstanding job!
Courtney B.Courtney B.
Thank you! You were really patient with me and my needs. This was my first time using you guys, however, I will definitely be using you again!
John H.John H.
I cannot tell you enough how amazing your company is! Your writers are superb, on time, excellent content, so very thankful you reached out to me that day! Lifesaver for sure! Couldn’t be happier with the results I’ve gotten from my first 2 papers with you, I have 4 papers left to go and I’ll be using your company for them all!
Rebecca T.Rebecca T.
After I ordered a dissertation from your writing service, the first paper that I was given did not met my professor’s demand. I set the paper on revision and the writer made the revision for free meeting all my requirements and I was very satisfied
Thomas R.Thomas R.
I was shocked by how your writers managed to deliver my paper on time, and I was among the best in our class in that paper. Thank you so much and I will never hesitate to use you
error: protected!!