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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).
ZCTAs or ZIP Code Tabulation Areas are the census equivalent of ZIP codes used for statistical purposes. The reason why regular ZIP codes are not used is because they are defined by routes rather than geographic boundaries. Thus, they have the tendency to overlap and otherwise create difficulties.
The current housing market Home sale prices: The country’s median existing-home sale price in June 2024 was $426,900, according to the National Association of Realtors (NAR) — the highest ...
These regulations had the net effect of reducing housing construction and reducing the ability of regional housing stock to adjust to changing market conditions. Beginning in the last quarter of the 20th century, market-wide housing shortages have existed in a growing number of markets throughout the country, starting in prosperous coastal ...
Key housing market stats. The median home-sale price in the U.S. as of November 2024 was $406,100, according to NAR. That’s an increase of 4.7 percent from November 2023 and marks the 17th ...
In 2024, though, housing market trends broke from their usual seasonal patterns. Activity dipped over the summer, but pent-up demand fueled a fall rebound. By the year’s final quarter, the ...
The homeowner vacancy rate was 3.4%; the rental vacancy rate was 7.5%. 123,863 people (64.1% of the population) lived in owner-occupied housing units and 68,948 people (35.7%) lived in rental housing units. During 2009–2013, Moreno Valley had a median household income of $54,918, with 19.5% of the population living below the federal poverty line.
In July, the housing market had a 4.0-month supply of housing inventory, a 19.8 percent improvement over last year but still below the 5 to 6 months needed for a healthy, balanced market — one ...
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