Real estate pricing
The median home price is one of the most common measurements used to compare real estate prices in different markets, areas, and periods. It is said to be less biased than the mean (average) price since it is not as heavily influenced by small number of very highly priced homes.
Rents and prices are often expressed per square foot or square metre to act as a basis of comparison.
Home prices are limited by various factors, such as the incomes of potential buyers, the cost and ability to construct new property to increase supply, and demand for rental units. Since eighty percent of all homes purchased are purchased with a mortgage, the ability to make payments, borrow money, and the cost of borrowing money are major influences limiting how far prices can rise before hitting resistance due to prices hitting levels where potential buyers are unable to qualify.[who?] In general the ratio in the US are home values at 2-4 times annual income levels.
- United States housing bubble
- List of real estate topics
- National Association of Realtors
- Real estate appraisal
- Real estate economics
- Real property
- Investment Rating for Real Estate
- Online auction business model
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