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May 19, 2006
First American Real Estate Solutions Study Offers Insight Into Real Estate Market Cycles
First American Real Estate Solutions® (RES®); the nation's largest provider of advanced property and ownership information, analytics and services; today released a new study entitled "The Real Estate Cycle in 2006: Evaluating Market Position, Identifying Turning Points and Constructing Scenarios," which investigates where the residential real estate market stands today and where it is likely heading based on historical economic information.
The study by Christopher Cagan, Ph.D. and director of research and analytics at First American RES, examines more than 100 metropolitan areas between 1988 through 2005 by analyzing the median sales-price index for existing single-family homes as published by the National Association of Realtors®. Cagan applied proprietary mathematical techniques in classifying those markets and investigating their present status and likely future behavior. He suggests that markets where prices have not risen rapidly may be the best part of the country in which to purchase or invest during 2006.
Posted by S. Germain at May 19, 2006 08:08 AM