Posted: Tue Sep 25, 2012 1:43 pm Post subject: Pricing Nation Econometrics Forecasts That The Average Home
Pricing Nation Econometrics Forecasts That The Average Home Value In The Boston Metropolitan Statistical Area (MSA) Will Decrease By 0.119 Percent Over The Next Twelve Months
Released on: September 25, 2012, 6:52 am
Author: Pricing Nation
Industry: Real Estate
September 25, 2012, 6:52 am -- /EPR NETWORK/ -- Pricing Nation Econometrics forecasts that the average home value in the Boston Metropolitan Statistical Area (MSA) will decrease by 0. 119 percent over the next twelve months. A table with the top 10 biggest increases and decreases per zip code can be found below. Residents will be pleased that housing price declines continue to bottom out in September 2013. The Pricing Nation Econometrics heat map (also below) visualizes home price changes for each zip code in the Boston MSA. Pricing Nation Econometrics is a division of Pricing Nation LLC, and more information can be found at www.pricingnation.com.
About Pricing Nation
The purchase of a home is historically the largest investment one will make in their life. However, due to recent volatility from the Credit and Housing Crisis, home buyers no longer believe that home values are always guaranteed to increase.
To ensure that buyers and sellers are confident in their investment decisions, Pricing Nation has developed a portfolio of regression based models that forecast housing price changes at the MSA, zip, and house level. These models are highly statistically significant as they were built using local housing demand/supply and macroeconomic data from the last ten years, which saw extreme upward and downward movements. Of particular note is that Pricing Nation's forecasting model would have anticipated the severe downturn in Boston MSA home values in August 2006, a full twelve months before the actual downturn hit in August 2007, and 16 months before the U.S. officially entered a recession*.
Pricing Nation is offering its individual home value forecast reports for an introductory price of $19.99 per home (regular price $49.99 per home). The forecast for each home includes “ The Home Investment Report Card” (sample below), which provides the future change in home value, grades the local and national factors impacting home value, and outlines the significance of each factor toward future changes. “The Home Investment Report” card is designed to be easy to use for all homebuyers and sellers as they make one of the biggest decisions of their lives.
Pricing Nation has initially launched its product in the Boston MSA and is expanding its offerings to other cities in the near future.
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