Barack Obama Increased the Value of the White House by $3 million

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Movoto Real Estate Launches Website that Values White House Through Time

“Knowing its value is one way for people to gauge the resilience of the American economy. It is also a way for people to become interested in politics.”

Today Movoto Real Estate launched White House Value, a website devoted to untangling 1600 Pennsylvania Avenue’s value throughout its more-than-200-year history. The curious will now be able to track the estimated value of the White House through all of its highs and lows—political or otherwise.

“The White House is a symbol of our democracy,” said Project Manager Chris Kolmar, who spearheaded the project. “Knowing its value is one way for people to gauge the resilience of the American economy. It is also a way for people to become interested in politics.”

White House Value incorporates several ways for people to examine the cost of the presidential mansion. These include:

1. The estimated value of the White House from 1800 to 2012
2. The estimated value of the White House during presidential terms from 1800 to 2012
3. An estimate of how much value the White House gained during a president’s time in office

White House Value offers interesting and thought-provoking details, including the following:

1. In 2009, when Barack Obama took office, the estimated value of the White House was $106,666,000.
2. In 2001, when George W. Bush took office, the estimated value of the White House was $69,748,000.
3. In 1993, when Bill Clinton took office, the estimated value of the White House was $54,595,000.
4. During Abraham Lincoln’s term, the estimated value of the White House increased by $28,070,000.

In addition, the website offers an alternative way to view the estimated value of the White House. The inquisitive can learn if a president “overpaid” for the mansion. Movoto calculated this by subtracting a president’s campaign costs from the estimated value of the White House.

To calculate the value of the White House over time, Movoto estimated the current value of the mansion. Afterward, the San Mateo–based company relied on inflation rate conversions and various Case-Shiller indices for the Washington, D.C. area. Using this combination of tools, Movoto was able estimate the value of the White House from 1800 to 2012. All estimates are in 2011 dollars.

To explore the White House’s value go to: http://www.whitehousevalue.com.

About Movoto
Movoto Real Estate launched http://www.movoto.com in March 2006, providing innovative, easy-to-use research tools with ready access to a network of experienced local real estate agents. Movoto.com was the first real estate website to bring a map front-and-center into the home search experience right on its homepage. Movoto now offers its free services in over 30 states. In 2011, Movoto was named #13 on the Inc. list of fastest growing private real estate companies.

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