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markets: Can Local Markets Predict Changes in U.S. Home Prices?
- 08/04/14 05:28 AM
Is it possible to predict how U.S. home prices will rise and fall by tracking the performance of one or more key local markets? Would having a “crystal ball” local market allow real estate professionals to predict future housing market booms and busts?
To get an answer to this important question, Trulia’s Chief Economist Jed Kolko dove into home price data from 1980 to 2014 for the 100 largest U.S. metros and the U.S. as a whole. He assigned each metro a “crystal-ball score” between 1 and -1 to indicate the strength of their correlation with national housing market trends.
Which … (6 comments)
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Is it possible to predict how U.S. home prices will rise and fall by tracking the performance of one or more key local markets? Would having a “crystal ball” local market allow real estate professionals to predict future housing market booms and busts?
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