Have you been looking for some graphic analysis as to how the housing market is doing in your market area? You might want to check out this site: House Data Info . House Data Info allows you to select a state, and then community, in order to find out how the housing market in your area has performed over the years.
Let's take a look at my community: Bloomington-Normal, IL:
The graph above (click to enlarge view) shows the Housing Price Index -HPI (see below for explanation) in turquoise. In red and green are the 8 and 20 quarter arithmetic moving averages. The bottom graph shows the year-over-year (pink) and quarter-over-quarter (yellow) appreciation.
The HPI is compiled quarterly by the Office of Federal Housing Enterprise Oversight and measures the rate of appreciation of single family homes. The OFHEO tracks the Metropolitian Statistical Areas (MSA) as defined by the US Census.
How does the HPI measure housing prices?
The HPI tracks the resale prices of the same homes. For example, it compares the sale price of the house at 123 Maple St.over time. Since the same houses are compared, the index is less prone to errors resulting from the price of a 10,000 sq ft mansion compared to the price of an 1,800 sq ft house. If the HPI rises by 5 percent in a year, it means that, on average, every individual home has increased in price by 5 percent compared with the price it sold for last year.
The graph below shows the year-over-year (pink) and quarter-over-quarter (yellow) appreciation.
Click here to continue reading . . .
Where can I find maps of the US Census Metropolitan Statstical Areas?
http://ftp2.census.gov/geo/maps/metroarea/stcbsa_pg/Nov2004/
Where can I find more information about the HPI?
When is the HPI data updated?
The OFHEO updates the data quarterly. The release dates of the data are given here. This sight will be updated shortly after the release of new data.
Source: House Data Info
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