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March 26, 2012, 6:58 am -- /EPR NETWORK/ -- Pricing Nation Econometrics forecasts that the average home value in the Boston Metropolitan Statistical Area (MSA) will increase by 1.45% through the next twelve months. Some of the drivers of local change include homeowner vacancies and average weekly wages. While there is a decline in supply (52.4% decrease in vacancies from Q3 to Q4 2012), there is not much improvement in the average weekly earnings (0.42% increase from Q3 to Q4 2012), which suppresses growth.
A table with the top 5 biggest increases and decreases per average home value per zip code can be found below. The Pricing Nation Econometrics Heat Map (also below) visualizes how the average home prices will vary across zip codes in the Boston MSA. Pricing Nation Econometrics is a division of Pricing Nation LLC, and more information can be found at www.pricingnation.com.
As the “Most Reliable Real-Estate Forecasting Company,” we strive to consistently provide the most accurate, relevant, and transparent real-estate data. In fact, as of July 2012, our forecast results have been less than one point away from actual results as reported by Case-Shiller. Visit www.pricingnation.com to access your free Neighborhood Report and consult a Home Investment Report Card with home value forecasts for your home.
About Pricing Nation
Pricing Nation is a home value forecasting company that provides reports for individual homes, zip codes, and Metropolitan Statistical Areas (MSAs). Our regression based models were designed to ensure that home buyers and sellers are confident in one of the biggest investment decisions of their lives. Of particular note is that Pricing Nation's forecasts have consistently been less than one point away from actual changes in home values as reported by Case-Shiller. This is one more reason we are the “Most Reliable Real-Estate Forecasting Company.”
Visit us at www.pricingnation.com for a free Neighborhood Report or to purchase a “Home Investment Report Card” today! For media inquiries, please contact Brian Ramirez at brian@pricingnation.com. For sales inquiries, please contact sales@pricingnation.com.
Pricing Nation currently covers the Boston MSA and is expanding its offerings to other cities in the near future.
For more information on future changes in individual home values visit us at www.pricingnation.com.
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