[ACCESSWIRE]
BOSTON, MA / ACCESSWIRE / October 14, 2016 / Pricing Nation forecasts that the average home value in the Boston Metropolitan Statistical Area (MSA) will increase by 3.75 percent over the next twelve months. Pricing Nation also provides projections for the Boston MSA of future home prices at the zip code level and the individual house level. We believe this more micro based, ground up approach will add value to the home price forecasting space. We intend to publish our Boston forecast on a quarterly basis.
A table with the top 5 biggest increases and decreases per zip code can be found below. The biggest increase in value at 18.85% are Boston Dorchester Neponset and Port Norfolk area with zip code 02122. The most surprising increase of 17.35% would be Rochester NH because it was expected the top five would be all Boston Zip codes. The biggest decrease is 10.92% is Malden with zip code 02148. The most surprising decrease would be Weston at 7.42% decrease with zip code 02493 because of the high net worth of the peoples income that reside in the town. 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 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 a limited time PricingNation.com 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 [email protected].
* Downturn data reported by S&P/Case-Shiller Home Price Indices, and recession data reported by the National Bureau of Economic Research (NBER)
SOURCE: Pricing Nation
