Home prices put to ZIP code test

A better way to forecast micro-market prices?

The wealth created by the housing bubble has been wiped out, according to Lawrence Yun, chief economist for the National Association of Realtors who spoke at the NAR annual conference in November 2009. Does this mean that if you bought your home in 2005 in an area that went through rapid appreciation between 2004 and 2007, you’ll lose money if you sell today?

NAR tracks home-sale price trends nationally and by regions. Relying on national, regional or even statewide home-sale price data to determine home values in a given micro market could lead to misleading conclusions.