 |
bostonbubble.com
Boston Bubble - Boston Real Estate Analysis
|
|
SPONSORED LINKS
Advertise on Boston Bubble
Buyer brokers and motivated
sellers, reach potential buyers.
www.bostonbubble.com
YOUR AD HERE
|
|
DISCLAIMER: The information provided on this website and in the
associated forums comes with ABSOLUTELY NO WARRANTY, expressed
or implied. You assume all risk for your own use of the information
provided as the accuracy of the information is in no way guaranteed.
As always, cross check information that you would deem useful against
multiple, reliable, independent resources. The opinions expressed
belong to the individual authors and not necessarily to other parties.
|
| View previous topic :: View next topic |
| Author |
Message |
JCK
Joined: 15 Feb 2007
Posts: 559
|
 Posted: Fri Mar 23, 2007 3:00 pm GMT Post subject: |
 |
|
| admin wrote: | | Quote: | | The Boston MSA data from housingtracker shows a 4.0-5.3 price/income ratio, whereas your data is showing 7.1(!). Is it possible that this results from a divergence between statewide trends vs. the Boston area? |
A different area of coverage certainly sounds like a good hypothesis to me. I think they actually include part of New Hampshire in their data too. Check out the "Assumptions/Caveats" note at the bottom:
| Quote: | | The median single family home price for Boston-Cambridge-Quincy, MA-NH was used because the Boston-Quincy, MA price was not available. The median rent for Boston-Cambridge-Quincy, MA-NH was used because the Boston-Quincy, MA rent was not available. The rest of the data is for the Census defined metropolitan area specified. The mortgage rates reported are national averages. |
I'm sure there are other differences as well.
I think consistency is probably more important than the exact area of coverage or the absolute value of the ratios. So the HousingTracker.net data points could be compared with each other and the data points in this thread could be compared with each other, but to mix them would be quite complicated.
- admin |
Good catch. I agree that (housing prices of Boston + NH)/(income of Boston MSA) would yield a results that's too low. Perhaps therein lies the difference, and bigger price decline should be expect, as compared to what I posted earlier. |
|
| Back to top |
|
 |
|
|
You can post new topics in this forum
You can reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
|
Forum posts are owned by the original posters.
Forum boards are Copyright 2005 - present, bostonbubble.com.
Privacy policy in effect.
Powered by phpBB © 2001, 2005 phpBB Group
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
