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UQO Working Paper No. 2 — Decoding Real Estate Descriptions: text-based hedonic analysis of housing listings.

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1% Author: Simon-Pierre Boucher — contact@spboucher.ai2% Generated by scripts/06_tables.py — do not edit by hand.3\begin{table}[!htbp]4\centering5\caption{Parsimonious model (E) coefficient estimates. HC3 robust standard errors. All variables standardized.}6\label{tab:parsimonious}7\small8\begin{adjustbox}{max width=\textwidth}9\begin{tabular}{lR{1.3cm}R{1.3cm}R{1.6cm}R{1.4cm}c}10\toprule11\textbf{Variable} & \textbf{Coeff.} & \textbf{Std.\ Err.} & \textbf{$p$-value} & \textbf{Impact (\%)} & \\12\midrule13\multicolumn{6}{l}{\textit{Panel A: Structural variables}} \\14\quad Bathrooms & 0.2962 & 0.0110 & $< 0.001$ & +34.5 & *** \\15\quad Half-bathrooms & 0.1581 & 0.0072 & $< 0.001$ & +17.1 & *** \\16\quad Description length & 0.1017 & 0.0046 & $< 0.001$ & +10.7 & *** \\17\quad Parking & 0.0914 & 0.0095 & $< 0.001$ & +9.6 & *** \\18\quad Stories & 0.0746 & 0.0058 & $< 0.001$ & +7.7 & *** \\19\quad Bedrooms & 0.0314 & 0.0071 & $< 0.001$ & +3.2 & *** \\20\quad Lot size & 0.0035 & 0.7525 & 0.996 & +0.3 &  \\21\midrule22\multicolumn{6}{l}{\textit{Panel B: Semantic similarities (significant at 5\% in Model D)}} \\23\quad Modern/Contemporary & 0.1590 & 0.0152 & $< 0.001$ & +17.2 & *** \\24\quad Luxury & 0.1552 & 0.0158 & $< 0.001$ & +16.8 & *** \\25\quad Land \& Nature & 0.1254 & 0.0119 & $< 0.001$ & +13.4 & *** \\26\quad Entry-Level & 0.0823 & 0.0248 & $< 0.001$ & +8.6 & *** \\27\quad Waterfront & 0.0470 & 0.0130 & $< 0.001$ & +4.8 & *** \\28\quad Panoramic View & 0.0272 & 0.0114 & 0.017 & +2.8 & * \\29\quad Garage \& Parking & 0.0085 & 0.0076 & 0.262 & +0.9 &  \\30\quad Finished Basement & $-$0.0295 & 0.0138 & 0.033 & $-$2.9 & * \\31\quad Premium Location & $-$0.0614 & 0.0137 & $< 0.001$ & $-$6.0 & *** \\32\quad Energy Efficient & $-$0.0669 & 0.0130 & $< 0.001$ & $-$6.5 & *** \\33\quad Needs Renovation & $-$0.0743 & 0.0154 & $< 0.001$ & $-$7.2 & *** \\34\quad Motivated Seller & $-$0.0816 & 0.0196 & $< 0.001$ & $-$7.8 & *** \\35\quad Bright \& Spacious & $-$0.0836 & 0.0179 & $< 0.001$ & $-$8.0 & *** \\36\quad Quiet \& Peaceful & $-$0.0882 & 0.0116 & $< 0.001$ & $-$8.4 & *** \\37\quad Family-Friendly & $-$0.1142 & 0.0110 & $< 0.001$ & $-$10.8 & *** \\38\quad New Construction & $-$0.1279 & 0.0165 & $< 0.001$ & $-$12.0 & *** \\39\bottomrule40\multicolumn{6}{l}{\footnotesize{\signote\ Impact $= (e^{\hat{\beta}} - 1) \times 100$\%. $n = 17{,}087$; Adj.\ $R^2 = 0.511$.}}41\end{tabular}42\end{adjustbox}43\end{table}44