true measures of price appreciation tend to change throughout the spectrum of home sizes. It is important to examine changes throughout the home size spectrum to understand these differences.
San Clemente, CA (PRWEB) September 22, 2014
Real Estate Economics (REE) is a leading provider of web-based economic and housing market statistics. REE’s True Measures of Price Appreciation Report is available for most metropolitan areas throughout the nation. REE‘s measure of national price appreciation is shown.
REE’s year-over-year measure of price appreciation is 5.2% for the entire nation. In percentage terms, price appreciation has been slightly skewed toward smaller homes. During the past 12 months, the change in the nation’s home prices has been 5.3% for a 1,000 square foot home, while the year-over-year price of a 4,000 square foot home has increased by 5.0%.
“True price appreciation isn’t just one number or percentage for a given market,” said Mark Boud, Principal and Chief Economist of Real Estate Economics. “Rather, true measures of price appreciation tend to change throughout the spectrum of home sizes. It is important to examine changes throughout the home size spectrum to understand these differences.”
The purpose of the True Measures of Price Appreciation report is to provide REE’s clients and subscribers a brief yet meaningful measure of real year-over-year housing price appreciation that has occurred in a given region. Because of data ‘noise’ this measure can’t be achieved by simply comparing year-over-year averages. REE reduces this data noise by standardizing the sample set.
For a limited time, complimentary price appreciation reports from REE at the State level can be accessed here. Price appreciation reports at the County level are available on an ongoing basis, and can be purchased on a subscription basis.
About Real Estate Economics
Home builders and developers face an ever changing economic landscape. As the leading provider of housing market data and statistics, Real Estate Economics offers online market research tools designed to allow our clients to analyze their market areas using the most powerful database in the home building industry.
For more information on how Real Estate Economics can help land developers, homebuilders, site acquisition specialists, real estate professionals and financial institutions, please visit RealEstateEconomics.com or call (949) 502- 5151.