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SURP Director Steven Bourassa and co-author Martin Hoesli of the University of Geneva have won the “Innovative Thinking Out of the Box” best paper prize for their paper, “High Frequency House Price Indexes with Scarce Data”, presented at the 2016 American Real Estate Society (ARES) Annual Meeting in Denver, Colorado. The paper presents a method for calculating house price indexes for small areas, such as city neighborhoods, on a monthly or quarterly basis. The paper is forthcoming in the  Journal of Real Estate Literature , which is published by ARES. The prize is sponsored by the Homer Hoyt Institute.