[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-118909-en":3,"doc-seo-118909-105":30,"detail-sidebar-cat-0-en-105":92},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":21,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":27,"seo_description":14,"update_tm":28,"read_time":29},118909,1649267921044,"Ava Thompson","https://us-avatar.wpscdn.com/avatar/1800007509477c92dfb?_k=1782875107921204101",8,"Research & Report","Prediction of Housing Prices Using Machine Learning Algorithms","Focuses on predicting housing prices by connecting residential property market theory with data-driven modeling. Reviews how supply and demand interactions shape real-estate prices and how user-market and financial-asset-market dynamics transmit changes into investor outcomes. Discusses negotiations, competition, ethnicity or race influences, and evolving consumer preferences that turn property into a multi-need product. Establishes valuation and urban-planning factors as key context for understanding demand, enabling robust feature selection for machine learning price prediction.","University for Business and Technology in Kosovo  \nUBT Knowledge Center  \n\n| UBT International Conference | 2023 UBT International Conference |\n| --- | --- |\n| Oct 28th, 8:00 AM-Oct 29th, 6:00 PM\u003Cbr>Prediction of Housing Prices Using Machine Learning Algorithms\u003Cbr>Visar Hoxha\u003Cbr>University for Business and Technology-UBT, [visar.hoxha@ubt-uni.net](visar.hoxha@ubt-uni.net)\u003Cbr>Lorana Berisha\u003Cbr>College ESLG, [lorana.berisha@eukos.org](lorana.berisha@eukos.org)\u003Cbr>Jehona Hoxha\u003Cbr>College ESLG, [jehona.hoxha@eukos.org](jehona.hoxha@eukos.org)\u003Cbr>Follow this and additional works at: [https://knowledgecenter.ubt-uni.net/conference](https://knowledgecenter.ubt-uni.net/conference)\u003Cbr> Part of the Business Commons |  |\n\nRecommended Citation  \nHoxha, Visar; Berisha, Lorana; and Hoxha, Jehona, \"Prediction of Housing Prices Using Machine Learning Algorithms\" (2023) . UBT International Conference. 35.  \n[https://knowledgecenter.ubt-uni.net/conference/IC/MBE/35](https://knowledgecenter.ubt-uni.net/conference/IC/MBE/35)  \nThis Event is brought to you for free and open access by the Publication and Journals at UBT Knowledge Center. It has been accepted for inclusion in UBT International Conference by an authorized administrator of UBT Knowledge Center. For more information, please contact [knowledge.center@ubt-uni.net](knowledge.center@ubt-uni.net).  \n1. Introduction  \nThe housing supply in public sector often fails to meet the overall demand, hence, the private sector plays a significant role in fulfilling this demand. In this context, Hamnett and Allen (1991) argue that a disruption theory can be incorporated into the housing sectors, where the relationship between consumers and producers is mutual, and each sector influences the outcome.  \nThis approach diverges from the housing classification model of Rex and Moore (1967), who mainly focused on housing consumption rather than production. They considered the housing market as being \"consumer-driven,\" with market segments referring not only to physical housing aspects like numbers, location, size, type, and standard, but also to negotiations between consumers and producers.  \nThe role of negotiations, the competition among families for housing, the influence of ethnicity or race, the role of space, and the continuous changes in market due to changes in social status and demand characteristics, all contribute to the understanding of the housing sector. Property has become a product, catering to needs beyond accommodation, including security, respect, social, and self-actualization. This has led many consumers to build properties in line with internationally recognized standards.  \nRathnayake (1991) provides insight into \"Housing in the Private Sector in Sri Lanka,\" explaining people's preference to buy a house rather than live in collective buildings, owing to the complex construction phases and time limitations. In Colombia and its periphery, there has been a significant development in the property sector, particularly in multi-story construction.  \nHowever, Rathnayaka (1991) also pointed out that approximately 25% of property buyers were not satisfied with their purchase, and housing developers were not providing adequate services to their target market. Therefore, understanding consumer behavior is paramount.  \n2. Literature review  \nThe literature review explores the dynamics of the residential property market, arguing that the general theory of market prices can be applied to real estate, with interaction between supply and demand affecting price. The authors including Ball, Lizieri, and MacGregor (2012), and DiPasquale and Wheaton (1992) posit that the property market is tied to two interconnected submarkets: the user market and the financial asset market, with changes in one impacting the other. Demand in the user market is determined by individuals, families, and firms desiring space to rent or own, with rental prices impacting demand levels. On the other hand, the financial asset ma","cbCaillp2GnSN422","https://ap.wps.com/l/cbCaillp2GnSN422","pdf",184276,1,12,"English","en",105,"# Introduction\n# Literature review","[{\"question\":\"How does the document frame the housing market and price formation?\",\"answer\":\"It explains that housing prices are influenced by interactions between supply and demand, with the property market linked to both user-market and financial-asset-market dynamics.\"},{\"question\":\"What themes in housing demand are emphasized in the introduction?\",\"answer\":\"It highlights negotiations between consumers and producers, competition among families, influences of ethnicity or race, and how social status and demand characteristics continuously reshape the market.\"},{\"question\":\"Which factors are discussed as important for real-estate demand and valuation?\",\"answer\":\"It covers urban planning effects such as mixed-use development and densification, population growth and employment, and national variables like GDP and government policies, alongside property development valuation and investment decisions.\"}]","Prediction of Housing Prices Using Machine Learning Algorithms | PDF",1785720910,30,{"code":4,"msg":31,"data":32},"ok",{"site_id":24,"language":23,"slug":33,"title":13,"keywords":34,"description":14,"schema_data":35,"social_meta":87,"head_meta":89,"extra_data":91,"updated_unix":28},"prediction-of-housing-prices-using-machine-learning-algorithms","",{"@graph":36,"@context":86},[37,54,69],{"@type":38,"itemListElement":39},"BreadcrumbList",[40,44,48,51],{"item":41,"name":42,"@type":43,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":45,"name":46,"@type":43,"position":47},"https://docshare.wps.com/document/","Document",2,{"item":49,"name":12,"@type":43,"position":50},"https://docshare.wps.com/document/research-report/",3,{"item":52,"name":13,"@type":43,"position":53},"https://docshare.wps.com/document/prediction-of-housing-prices-using-machine-learning-algorithms/118909/",4,{"url":52,"name":13,"@type":55,"author":56,"headline":13,"publisher":58,"fileFormat":61,"inLanguage":23,"description":14,"dateModified":62,"datePublished":63,"encodingFormat":61,"isAccessibleForFree":64,"interactionStatistic":65},"DigitalDocument",{"name":9,"@type":57},"Person",{"url":41,"name":59,"@type":60},"DocShare","Organization","application/pdf","2026-08-04","2026-08-03",true,{"@type":66,"interactionType":67,"userInteractionCount":20},"InteractionCounter",{"@type":68},"ViewAction",{"@type":70,"mainEntity":71},"FAQPage",[72,78,82],{"name":73,"@type":74,"acceptedAnswer":75},"How does the document frame the housing market and price formation?","Question",{"text":76,"@type":77},"It explains that housing prices are influenced by interactions between supply and demand, with the property market linked to both user-market and financial-asset-market dynamics.","Answer",{"name":79,"@type":74,"acceptedAnswer":80},"What themes in housing demand are emphasized in the introduction?",{"text":81,"@type":77},"It highlights negotiations between consumers and producers, competition among families, influences of ethnicity or race, and how social status and demand characteristics continuously reshape the market.",{"name":83,"@type":74,"acceptedAnswer":84},"Which factors are discussed as important for real-estate demand and valuation?",{"text":85,"@type":77},"It covers urban planning effects such as mixed-use development and densification, population growth and employment, and national variables like GDP and government policies, alongside property development valuation and investment decisions.","https://schema.org",{"og:url":52,"og:type":88,"og:title":13,"og:site_name":59,"og:description":14},"article",{"robots":90,"canonical":52},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":93},[94,98,102,106,111,116,121,123,128,131,135],{"id":20,"doc_module":4,"doc_module_name":46,"category_name":95,"show_sort_weight":96,"slug":97},"Story & Novel",90,"story-novel",{"id":47,"doc_module":4,"doc_module_name":46,"category_name":99,"show_sort_weight":100,"slug":101},"Literature",80,"literature",{"id":53,"doc_module":4,"doc_module_name":46,"category_name":103,"show_sort_weight":104,"slug":105},"Exam",70,"exam",{"id":107,"doc_module":4,"doc_module_name":46,"category_name":108,"show_sort_weight":109,"slug":110},5,"Comic",60,"comic",{"id":112,"doc_module":4,"doc_module_name":46,"category_name":113,"show_sort_weight":114,"slug":115},6,"Technology",50,"technology",{"id":117,"doc_module":4,"doc_module_name":46,"category_name":118,"show_sort_weight":119,"slug":120},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":46,"category_name":12,"show_sort_weight":29,"slug":122},"research-report",{"id":124,"doc_module":4,"doc_module_name":46,"category_name":125,"show_sort_weight":126,"slug":127},9,"Religion & Spirituality",20,"religion-spirituality",{"id":126,"doc_module":4,"doc_module_name":46,"category_name":129,"show_sort_weight":126,"slug":130},"World Cup","world-cup",{"id":132,"doc_module":4,"doc_module_name":46,"category_name":133,"show_sort_weight":132,"slug":134},10,"Lifestyle","lifestyle",{"id":136,"doc_module":4,"doc_module_name":46,"category_name":137,"show_sort_weight":107,"slug":138},19,"General","general"]