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SPCS20R is a composite index of the home price index for 20 major Metropolitan Statistical Areas in the United States. The index is published monthly by Standard & Poor's and uses the Case and Shiller method of a house price index using a modified version of the weighted-repeat sales methodology. This method is able to adjust for the quality of ...
The median value of an owner-occupied housing unit is $337,900 (2012), ranked fifth in the country. [2] [4] New Jersey has the highest percentage of millionaire residents in the country with 7.12% of New Jersey households having $1 million or more liquid or investible assets, not including equity in homes. [5] [6]
The 2000s United States housing bubble or house price boom or 2000s housing cycle [2] was a sharp run up and subsequent collapse of house asset prices affecting over half of the U.S. states. In many regions a real estate bubble , it was the impetus for the subprime mortgage crisis .
Compared to big Western rental markets like Phoenix, Riverside and Las Vegas — which all saw rent prices decline for eight months before seeing their first year-over-year price growth in January ...
A house price index (HPI) measures the price changes of residential housing as a percentage change from some specific start date (which has an HPI of 100). Methodologies commonly used to calculate an HPI are hedonic regression (HR), simple moving average (SMA), and repeat-sales regression (RSR).
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The average state price was $3.28 as of Wednesday, according to travel club AAA. It was $3.40 last month and $3.70 a year ago. It’s a far cry from the state's highest recorded price of $5.05 a ...
Hedonic modeling was first published in the 1920s as a method for valuing the demand and the price of farm land. However, the history of hedonic regression traces its roots to Church (1939), [3] which was an analysis of automobile prices and automobile features. [4] Hedonic regression is presently used for creating the Consumer Price Index (CPI ...
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