housing market monitor?

[petros]

Monitoring private transactions in the housing market is much more difficult than the stock market because of the great heterogeneity across housing units. No housing unit is the same with another one, in tems of physical characteristics, design, materials, functionality equipment, location etc. Since all these differences have direct income on value it is difficult to have a price index. Averaging sales prices through time may be misleading as the quality mix of units sold each time period is different. A true price index for housing needs to control for this. In any case, if I undestand what are you looking for, you are referring to a constant-quality housing price index that shows movements in prices by location. Such a scientifically derived index is the one produced by the Office of Federal Housing Enterprise Oversight. Hope this helps.

Petros
removed

[gotcha]

Originally Posted by petros

Monitoring private transactions in the housing market is much more difficult than the stock market because of the great heterogeneity across housing units. No housing unit is the same with another one, in tems of physical characteristics, design, materials, functionality equipment, location etc. Since all these differences have direct income on value it is difficult to have a price index. Averaging sales prices through time may be misleading as the quality mix of units sold each time period is different. A true price index for housing needs to control for this. In any case, if I undestand what are you looking for, you are referring to a constant-quality housing price index that shows movements in prices by location. Such a scientifically derived index is the one produced by the Office of Federal Housing Enterprise Oversight. Hope this helps.

Petros
removed

that is what I was looking for... thank you so much...I was looking for more in way of charts and graphs but there were some on thier report. I really want to thank you.