Unexpectedly Intriguing!
August 30, 2005

One of the neater blogs I've recently encountered is The Real Returns, which offers a wealth of investing, market and economic data. Earlier this month, The Real Returns posted data related to the recent history of U.S. median house prices over the period from 1963 to 2004. The original source of the housing data is the U.S. Census Bureau.

Well, that kind of data deserves some curve-fitting and a calculator to estimate what the future U.S. median house price might be, so Political Calculations has extracted the data from 1973 onward to create the following chart:

U.S. Median House Prices Since 1973

The corresponding tool that may be used to estimate the future level of Median House Prices in the United States follows:

Year
Input Data Values
Calendar Year


Estimated Median House Price
Calculated Results Values
Median House Price

About the Tool

Originally, Political Calculations used the entire dataset from 1963 to 2004, but found that including the earlier 10 years shifted the curve too far upward to correspond well with the actual data in more recent years. Omitting the ten years from 1963 to 1973 tended to minimize the discrepancy, but setting 1973 as the starting year was done arbitrarily - it may be possible to find a better fitting curve through more trial and error.

Overall, the median house price in the U.S. appears to have grown at an average annual rate of 5.5%, at least since 1973.

Labels: ,

About Political Calculations



blog advertising
is good for you

Welcome to the blogosphere's toolchest! Here, unlike other blogs dedicated to analyzing current events, we create easy-to-use, simple tools to do the math related to them so you can get in on the action too! If you would like to learn more about these tools, or if you would like to contribute ideas to develop for this blog, please e-mail us at:

ironman at politicalcalculations.com

Thanks in advance!

Recent Posts

Applications

This year, we'll be experimenting with a number of apps to bring more of a current events focus to Political Calculations - we're test driving the app(s) below!

Most Popular Posts
Quick Index

Site Data

This site is primarily powered by:

This page is powered by Blogger. Isn't yours?

Visitors since December 6, 2004:

CSS Validation

Valid CSS!

RSS Site Feed

AddThis Feed Button

JavaScript

The tools on this site are built using JavaScript. If you would like to learn more, one of the best free resources on the web is available at W3Schools.com.

Other Cool Resources

Blog Roll

Market Links
Charities We Support
Recommended Reading
Recommended Viewing
Recently Shopped

Seeking Alpha Certified

Archives
Legal Disclaimer

Materials on this website are published by Political Calculations to provide visitors with free information and insights regarding the incentives created by the laws and policies described. However, this website is not designed for the purpose of providing legal, medical or financial advice to individuals. Visitors should not rely upon information on this website as a substitute for personal legal, medical or financial advice. While we make every effort to provide accurate website information, laws can change and inaccuracies happen despite our best efforts. If you have an individual problem, you should seek advice from a licensed professional in your state, i.e., by a competent authority with specialized knowledge who can apply it to the particular circumstances of your case.