Pricing Nation Releases its Inaugural U.S. National Future Home Price Index Projecting the Average Home Price in the United States will Increase by 4.25% Over the Next 12 Months

BOSTON, MA / ACCESSWIRE / September 28, 2016 / Pricing Nation is now providing a National Future Home Price Index based on an aggregation of its respective MSA Future Home Price Indices. We believe this more micro based, ground up approach will add value to the home price forecasting space. The MSA with the highest growth in our projection is Miami at 9.21%. The MSA with the lowest growth in our projection is Seattle at -1.73%. We intend to publish our National Forecast quarterly. Pricing Nation also projects changes in home prices at the zip and house level.

The purchase of a home is historically the largest investment a family will make. However, due to increasing volatility from a number of fronts including global markets, home values are not always likely to increase. To ensure that buyers and sellers are confident in their most important investment decision, Pricing Nation supplies home price forecasts at the house level, the zip level, the MSA level and now the National level. Our models have been built based on local demand/supply factors for pre-recession, recession and post-recession data. The models have been shown to be highly statistically significant in predicting major market moves. We regularly report on the ongoing predictability of our models.

Of particular note is that Pricing Nation’s forecasting model, on a back-tested basis, would have anticipated the severe downturn on average in MSA home values in August 2006, a full twelve months before the actual downturn hit in August 2007, and 16 months before the U.S. officially entered a recession.*

Pricing Nation offers free “Home Investment Report Cards” including local demand/supply factors and grades for each home in the current MSAs at www.pricingnation.com. For an extra $3.99 per home, Pricing Nation is offering its home level forecast for the next twelve months. “The Home Investment Report” card is designed to be easy to use for all home buyers and sellers.

Pricing Nation is currently providing projections for homes in the Boston, Seattle, Miami, Tampa MSAs and NYC and is expanding its offerings to other cities in the near future.

For more information about our forecasts, please contact Raj Koganti at raj@pricingnation.com.

* Downturn data reported by S&P/Case-Shiller Home Price Indices, and recession data reported by the National Bureau of Economic Research (NBER)

About PricingNation:

PricingNation was launched in 2013 with the intent to provide its customers the best possible financial information regarding how their chosen homes will change in price.

The U.S Housing Crisis shed a lot of light of housing volatility of housing as a primary investment. The home has always been the center of the ‘American Dream.’ We at PricingNation are committed to help prevent people from losing their dreams. A home buyer has a lot of riding on their home purchase, and should have insight into whether or not their homes is a good investment. We believe in providing as much financial knowledge as possible to home buyers to help them make the best decisions based on all local information that is available. We believe that the ‘main street’ should have the best financial knowledge possible.

That is why we have developed a tested statistical methodology that takes into account all the local level demand and supply factors and forecast how the home price will change in the future. Our ‘home investment report card’ provides our customers with necessary information to help you make the right decisions , and put you in the driving seat.

Our philosophy is to provide superior financial information to our customers, empower them to make the right decisions and to protect their investments. We are here to help- we are here for you.

SOURCE: PricingNation

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