The results of this work provide analysts with a valuable tool for the study of housing markets. The work is therefore technical, in a sense, but should also be of interest to policy makers because of the light it can shed on racial price differentials, inflation, and other issues. This paper is both documentation for those who use the results as inputs for other studies, and exposition for those who are interested in the implications of these estimates themselves for government policy.

This report is part of the collection of scanned historical documents available to the public.