Posted: Tue Feb 26, 2013 11:05 am Post subject: Pricing Nation Forecasts 1.74% Increase in Average Home Valu
Pricing Nation Forecasts 1.74% Increase in Average Home Values Through Next 12 Months for Boston MSA
Released on: February 26, 2012, 9:55 am
Author: Pricing Nation
Industry: Real Estate
Boston MSA Average Home Prices Increasing 1.74% Through February 2014
February 26, 2012, 9:55 am -- /EPR NETWORK/ -- Pricing Nation Econometrics forecasts that the average home value in the Boston Metropolitan Statistical Area (MSA) will increase by 1.74% through the next twelve months. Some of the drivers of local change include average weekly wages and homeowner vacancies. While there is a decline in supply (52.4% decrease in vacancies from Q3 to Q4 2012), there is not much improvement in the average weekly earnings (0.42% increase from Q3 to Q4 2012), which suppresses growth.
A table with the top 5 biggest increases and decreases per average home value per zip code can be found below. The Pricing Nation Econometrics Heat Map (also below) visualizes how the average home prices will vary across zip codes in the Boston MSA. Pricing Nation Econometrics is a division of Pricing Nation LLC, and more information can be found at www.pricingnation.com.
As the “Most Reliable Real-Estate Forecasting Company,” we strive to consistently provide the most accurate, relevant, and transparent real-estate data. In fact, as of July 2012, our forecast results have been less than one point away from actual results as reported by Case-Shiller. Visit www.pricingnation.com to access your free Neighborhood Report and consult a Home Investment Report Card with home value forecasts for your home.
About Pricing Nation
Pricing Nation is a home value forecasting company that provides reports for individual homes, zip codes, and Metropolitan Statistical Areas (MSAs). Our regression based models were designed to ensure that home buyers and sellers are confident in one of the biggest investment decisions of their lives. Of particular note is that Pricing Nation's forecastshave consistently been less than one point away from actual changes in home values as reported by Case-Shiller. This is one more reason we are the “Most Reliable Real-Estate Forecasting Company.”
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