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MODEL WITH FUNCTIONS

Modelwith Functions: Sales of New Homes

Nameof Student

IDNumber

CourseName Course Number

Quadraticformula is used to solve for zeroes of quadratic equations. Quadraticequation is represented by ax2+bx+c= 0 where a represents the first degree term, b represents the seconddegree term, and c is the coefficient of x on the zero term or it isthe constant term. Given a general quadratic equation, the quadraticformula tells that the solutions to the equation are x is equal tonegative b plus or minus the square root of b squared minus 4ac allof that over 2a.

Inthe creation of models of imperfections in the market, the basiccompetitive market representation model becomes the prominentinstrument in the analysis of real estate. Nonetheless, despite thepopularity, the market model offers an insufficient interpretation ofthe trading world in real estate markets. In particular, threesignificant components of real estate markets differentiate the priceformation procedure from that stated by the standard model. First, inreal estate markets, participants often have incomplete dataconcerning the characteristics of the purchase and the decision topurchase and sell is often made according to the initial or partialknowledge of the participants. Second, with the fixity andheterogeneity of real estate, some point of expensive search shouldbe made by potential buyers. Third, trades are distributed, andmarket costs are the result of pair wise negotiations. The process ofdetermining the price represents an important change in auction.

Inan article titled Newhome, condo sales rebound from 2013 slump, SusanPigg talks about the new home as well as high rise condo sales thathave experienced a rebound due to the dramatic slump from 2013 whichexceeded the 10-year averages for overall sales during the firstquarter of 2014. The sale of condo which totaled 4,962 during thefirst three months of 2014 has exceeded the 10-year average of aquarter. The index price of a condominium unit went up by 1% in thefirst quarter. The index price of low rise residence in the GTA wasup by 3%. There still remains several unsold units which has alreadytotal 30,898 with over 22,000 of those unsold units are high risecondominium units instead of low rise residences. Sizes of new unitscontinued to decrease with a current average of 800 square feet asdevelopers tried to retain the costs on the low level in light ofincreasing development charges as well as other costs. Inanother article by Kathleen Howley titled HomeSales in U.S. Poised to Surge with Spring Mortgages, homesales showed a decline since February. This decline has been thelowest since middle of 2012. This information is based on the datareleased by the National Association of Realtors. The agreementssigned with the intention of buying properties decreased since 2011.There has also been a massive decrease in the applications formortgages to buy homes. The lowest had been in 1995. During themiddle of March, the purchase of homes remained low with only 12%.Hypothesis Thispaper hypothesizes that the sales of home for 2014 will graduallyincrease because of the factors such as economic recovery, reductionin cost mortgages, and good weather. This trend has been evidentsince the first quarter of 2014. Methods Toexamine the sales of new homes for 2014, both quantitative andqualitative research is used. The variables used in this paper are asfollows: Independentvariable: the sales of new home Dependentvariable:the months of the yearData Thedata used in this paper is taken from trading economics website. Thedata suggests that in the United States, new home sales decreased to400,000 in February 2014. Previously, the sales of new home were in455,000. Sales of new homes in the United States is documented andreported by the country’s Census Bureau. From 1963 to 2014, salesof new home in the United States averaged 659,000. In the real estatereport titled 2014housing outlook: Home prices head higher, itis projected that home sales will increase at a slower yet steadyrate compared to other historical trends. Home prices will increasein over 225 cities in the United States. By far, the prices haveincreased by approximately 10.9% thereby pushing the median cost ofremaining homes by $30,000 to $215,000 (Please see Appendix).

Topof Form

Oneof the main purposes of analyzing research data is to forminferences, interpretations, conclusion, and generalizations from thecollected data. In analyzing the results of the study, classificationof data is used. This is done by grouping together data with the samecharacteristics. In this research, the bases of classification arequantitative. This means that the data are grouped according to theirquantity. Generally, only proportional probability will be made. Thismeans that the data will be expressed in terms of proportion which isoften used in the form of probability. This is normally used whenthere is no sufficient evidence to support the claim. The average isthem made to represent the entire group. In doing averaging, othervariables are ignored and the mean and median are used to denote theaverages of scale position but other statistical measures such as thecommon treasures of variation, correlation, and regression lines arealso structurally considered as averages. This study also makes useof full frequency distribution which reveals the characteristics of agroup.&nbsp

Priorto presenting data in accepted forms, especially in presenting themin the form of statistical tables and quadratic equations, they needto be tallied first. So in this case, the two different classes orgroups are determined and the results are tallied. After which, thedata will presented in textual form with numerals or numbers todescribe data. The main objectives of textual presentation are tofocus attention to some important data and to supplement tabularpresentation. Aside from this, the results of the data will also bepresented in graphical format through first computing for thequadratic equation in order to illustrate the quantitative variationsor changes of a variable. Graphing is beneficial in presentingchanges and relationships of data in a most attractive, appealing,effective, and convincing way. In this research, the results of theexperimental method done to answer the problem are presented in aclear and comprehensive way. Specifically, this study will make useof a histogram.

Conclusion

Thevariables used in this study are the sales of new homes and themonths of sales and the cities where these real estate properties aresold. The data shows that on December 2013, the forecasted new homesales is 409.7 thousand. Actual results showed that the sales of newhomes reach 464,000. On January 27, 2014, there had been a reductionin the sales of new homes with its forecasted total of 453,000 andthe actual cost was only 414,000. On February 2014, the forecastednew home sales were 413,000. Actual results showed that the sales ofnew homes reach 468,000. On March 25, 2013, the forecasted new homesales are 428.3 thousand. Actual results showed that the sales of newhomes reach 440,000. The data shows that although there is minimalgrowth, the number of new home sales is gradually decreasing. Thishowever does not entail the same performance throughout the yearsince changes in the real estate market constantly happens. Byknowing the proper application of the quadratic equation or formulain this situation, sales for the next months will be protected.Lastly, it can be said that thesales of new homes for 2014 will gradually increase because ofeconomic recovery, reduction in cost mortgages, and good weather.Other factors that may influence or affect the new home sales arealso presented in the appendix. Some of these factors includeconstruction expenses, building permits, and a lot more.

References

Esswein,P. (2014). 2014 housing outlook: Home prices head higher – MSN RealEstate.&nbspRealEstate. Retrieved 22 April 2014,fromhttp://realestate.msn.com/2014-housing-outlook-home-prices-head-higher

Howley,K. (2014). Home Sales in U.S. Poised to Surge With Spring:Mortgages.&nbspBloomberg.Retrieved 21 April 2014, fromhttp://www.bloomberg.com/news/2014-03-31/home-sales-in-u-s-poised-to-surge-with-spring-mortgages.html

Pigg,S. (2014). New home, condo sales rebound from 2013 slump | TorontoStar.&nbspthestar.com.Retrieved 21 April 2014, fromhttp://www.thestar.com/business/2014/04/17/new_home_condo_sales_rebound_from_2013_slump.html

UnitedStates New Home Sales | Actual Data | Forecasts | Calendar.(2014).&nbspTradingeconomics.com.Retrieved 21 April 2014, fromhttp://www.tradingeconomics.com/united-states/new-home-sales

AppendixSource:Trading Economics

CALENDAR

GMT

COUNTRY

REFERENCE

ACTUAL

PREVIOUS

CONSENSUS

FORECAST

12/24/2013

3:00 PM

US

NOV 2013

464K

474K (R)

445K

409.7K

1/27/2014

3:00 PM

US

DEC 2013

414K

445K (R)

457K

453K

2/26/2014

3:00 PM

US

JAN 2014

468K

427K (R)

400K

413.4K

3/25/2014

2:00 PM

US

FEB 2014

440K

455K (R)

445K

428.3K

4/23/2014

3:00 PM

US

Mar-14

440K

453K

439.4K

5/23/2014

3:00 PM

US

APR 2014

&nbsp

&nbsp

&nbsp

438.7K

HOUSING

LAST

&nbsp

PREVIOUS

HIGHEST

LOWEST

FORECAST

&nbsp

BUILDING PERMITS

990

3/15/2014

1014

2419

513

1003.74

6/30/2014

CONSTRUCTION SPENDING

0.1

2/15/2014

-0.2

5.87

-4.77

1.19

6/30/2014

EXISTING HOME SALES

4600

2/15/2014

4620

7250

1370

4676.12

6/30/2014

HOUSING INDEX

0.5

1/15/2014

0.7

1.42

-1.72

0.33

2/28/2014

HOUSING STARTS

946

3/15/2014

920

2494

478

959.02

6/30/2014

MORTGAGE APPLICATIONS

4.3

4/12/2014

-1.2

48.1

-38.8

-0.16

4/19/2014

MORTGAGE RATE

4.47

4/12/2014

4.56

10.56

3.47

4.92

6/30/2014

NAHB HOUSING MARKET INDEX

47

4/15/2014

46

78

8

51.34

6/30/2014

NEW HOME SALES

440

2/15/2014

455

1389

270

444.56

6/30/2014

PENDING HOME SALES

-10.5

2/15/2014

-9

30

-24.5

-13.65

&nbsp

Source:http://portal.kiplinger.com/article/real-estate/T010-C000-S002-housing-outlook-2014.html?page=3

Metro Area

Median Sale Price

1-Year Change

Change FromMid 2006

Nation

$215,000

10.9%

-31.5%

Akron, Ohio

$93,500

4.9%

-38.6%

Albany, Ga.

$91,950

0.8%

-35.7%

Albany-Lebanon, Ore.

$159,450

8.0%

-11.9%

Albany-Schenectady-Troy, N.Y.

$195,250

2.2%

-5.2%

Albuquerque, N.M.

$129,000

1.3%

-16.5%

Allegan, Mich.

$129,900

13.0%

-29.7%

Allentown-Bethlehem-Easton, Pa.-N.J.

$185,000

5.1%

-29.1%

Anderson, S.C.

$120,000

4.8%

-11.4%

Ann Arbor, Mich.

$169,900

12.9%

-24.1%

Asheville, N.C.

$178,000

4.1%

-8.7%

Astoria, Ore.

$210,000

11.9%

-23.0%

Athens, Tenn.

$75,000

17.5%

-12.6%

Athens-Clarke County, Ga.

$118,000

3.5%

-29.0%

Atlanta-Sandy Springs-Marietta, Ga.

$167,000

26.1%

-36.2%

Atlantic City, N.J.

$140,000

-3.0%

-44.0%

Augusta-Richmond County, Ga.-S.C.

$110,000

2.4%

-26.1%

Austin-Round Rock, Tex.

$172,619

12.1%

12.9%

Bakersfield, Cal.

$172,000

20.8%

-51.4%

Baltimore-Towson, Md.

$276,753

5.5%

-24.0%

Baton Rouge, La.

$178,750

9.2%

-8.5%

Battle Creek, Mich.

$75,000

13.2%

-58.4%

Bay City, Mich.

$74,900

1.4%

-45.7%

Bellingham, Wash.

$275,000

5.0%

-12.8%

Bend, Ore.

$238,000

25.6%

-32.0%

Big Rapids, Mich.

$90,200

2.0%

-41.7%

Birmingham-Hoover, Ala.

$160,000

10.4%

-35.9%

Boise City-Nampa, Idaho

$158,950

20.1%

-28.8%

Boston-Cambridge-Quincy, Mass.-N.H.

$350,000

9.6%

-17.6%

Boulder, Colo.

$333,000

6.2%

6.1%

Bremerton-Silverdale, Wash.

$250,280

10.7%

-29.1%

Bridgeport-Stamford-Norwalk, Conn.

$441,250

7.9%

-37.4%

Brunswick, Ga.

$174,325

1.4%

-41.9%

Buffalo-Niagara Falls, N.Y.

$110,000

6.9%

16.1%

Burlington, N.C.

$147,000

0.0%

-14.6%

Cambridge, Md.

$109,000

-4.5%

-52.0%

Cape Coral-Fort Myers, Fla.

$145,000

16.0%

-53.3%

Champaign-Urbana, Ill.

$146,000

-1.3%

-8.1%

Charleston, W.V.

$140,500

4.4%

16.4%

Charleston-North Charleston, S.C.

$199,000

7.7%

-18.9%

Charlotte-Gastonia-Concord, N.C.-S.C.

$138,000

-0.4%

-19.7%

Chattanooga, Tenn.-Ga.

$139,900

13.9%

-9.1%

Chicago-Naperville-Joliet, Ill.-Ind.-Wis.

$194,000

21.5%

-46.2%

Chico, Cal.

$225,000

19.1%

-38.0%

Chillicothe, Ohio

$83,500

3.7%

-26.7%

Cincinnati-Middletown, Ohio-Ky.-Ind.

$122,499

3.9%

-28.3%

Clarksville, Tenn.-Ky.

$143,950

-1.1%

0.3%

Clearlake, Cal.

$134,000

14.5%

-57.4%

Cleveland, Tenn.

$128,000

6.7%

-9.2%

Cleveland-Elyria-Mentor, Ohio

$110,000

5.7%

-52.4%

Colorado Springs, Colo.

$221,450

7.3%

-9.1%

Columbia, S.C.

$124,650

6.9%

-17.1%

Columbia, Tenn.

$155,000

17.3%

-9.3%

Columbus, Ga.-Ala.

$118,000

-4.9%

-21.5%

Columbus, Ohio

$119,950

6.7%

-30.5%

Cookeville, Tenn.

$106,800

-0.6%

-6.2%

Coos Bay, Ore.

$145,000

17.2%

-30.9%

Corvallis, Ore.

$245,000

8.7%

5.7%

Cumberland, Md.-W.V.

$85,875

0.7%

-22.1%

Dallas-Fort Worth-Arlington, Tex.

$129,700

6.8%

-12.0%

Dalton, Ga.

$85,000

29.8%

-47.9%

Daphne-Fairhope, Ala.

$187,865

10.5%

-30.3%

Davenport-Moline-Rock Island, Iowa-Ill.

$98,500

1.2%

-6.7%

Dayton, Ohio

$63,000

4.8%

-34.4%

Deltona-Daytona Beach-Ormond Beach, Fla.

$120,000

16.0%

-51.5%

Denver-Aurora, Colo.

$263,000

11.6%

-1.6%

Des Moines, Iowa

$186,500

0.5%

-15.3%

Detroit-Warren-Livonia, Mich.

$107,500

23.3%

-63.2%

Dover, Del.

$190,000

9.8%

-30.6%

Duluth, Minn.-Wis.

$134,950

12.0%

-12.5%

Durham, N.C.

$156,500

-0.7%

-9.1%

Easton, Md.

$278,000

4.7%

-22.3%

Edwards, Colo.

$408,750

11.4%

-18.9%

El Centro, Cal.

$151,500

13.0%

-50.4%

Erie, Pa.

$133,500

6.3%

8.5%

Eugene-Springfield, Ore.

$210,000

10.7%

-16.8%

Eureka-Arcata-Fortuna, Cal.

$248,750

4.3%

-34.4%

Evansville, Ind.-Ky.

$89,950

3.0%

-27.2%

Faribault-Northfield, Minn.

$166,500

-0.1%

-35.8%

Fayetteville, N.C.

$150,000

-1.1%

1.1%

Fayetteville-Springdale-Rogers, Ark.-Mo.

$160,000

12.3%

-22.6%

Findlay, Ohio

$84,500

11.3%

-17.5%

Flagstaff, Ariz.

$272,500

13.6%

-30.8%

Flint, Mich.

$63,068

4.0%

-66.9%

Florence, S.C.

$113,400

-6.2%

-16.2%

Fort Walton Beach-Crestview-Destin, Fla.

$195,299

6.4%

-41.6%

Fort Wayne, Ind.

$79,900

3.1%

-0.5%

Fremont, Ohio

$64,400

10.3%

-28.0%

Fresno, Cal.

$200,000

17.6%

-49.3%

Gainesville, Fla.

$135,000

4.6%

-39.8%

Gainesville, Ga.

$134,500

21.8%

-35.6%

Galesburg, Ill.

$75,000

9.8%

-0.9%

Gardnerville Ranchos, Nev.

$201,500

24.3%

-39.3%

Georgetown, S.C.

$175,750

1.3%

-30.5%

Glens Falls, N.Y.

$141,000

3.5%

-7.5%

Grand Junction, Colo.

$180,000

8.4%

-14.2%

Grand Rapids-Wyoming, Mich.

$133,000

13.3%

-32.8%

Grants Pass, Ore.

$193,000

7.2%

-36.6%

Greeley, Colo.

$212,000

8.4%

-9.3%

Green Bay, Wis.

$143,000

4.3%

-16.8%

Greensboro-High Point, N.C.

$118,500

-0.3%

-22.7%

Greenville, S.C.

$162,700

2.4%

-5.3%

Hagerstown-Martinsburg, Md.-W.V.

$178,000

9.3%

-39.6%

Hanford-Corcoran, Cal.

$168,000

12.3%

-41.1%

Harrisburg-Carlisle, Pa.

$175,000

2.5%

-2.6%

Hartford-West Hartford-East Hartford, Conn.

$220,000

4.0%

-22.9%

Hilton Head Island-Beaufort, S.C.

$249,900

7.3%

-34.3%

Holland-Grand Haven, Mich.

$146,000

12.1%

-14.8%

Homosassa Springs, Fla.

$85,000

6.5%

-50.8%

Honolulu, Hawaii

$589,000

11.0%

-1.8%

Houston-Baytown-Sugarland, Tex.

$126,000

13.8%

-10.1%

Humboldt, Tenn.

$95,000

5.8%

-25.9%

Indianapolis, Ind.

$100,000

11.8%

-33.2%

Ithaca, N.Y.

$194,750

3.2%

14.4%

Jackson, Mich.

$99,000

16.3%

-50.3%

Jackson, Tenn.

$100,000

1.5%

-26.7%

Jacksonville, Fla.

$170,000

10.9%

-46.7%

Jacksonville, N.C.

$170,000

-6.7%

-1.6%

Johnson City, Tenn.

$121,450

3.4%

0.5%

Kalamazoo-Portage, Mich.

$129,950

4.5%

-36.0%

Kansas City, Mo.-Kan.

$117,000

3.7%

-37.1%

Kennewick-Richland-Pasco, Wash.

$173,945

-2.3%

8.6%

Key West-Marathon, Fla.

$345,150

13.5%

-46.1%

Kingsport-Bristol-Bristol, Tenn.-Va.

$107,500

0.0%

-7.4%

Kingston, N.Y.

$181,000

-1.4%

-32.7%

Knoxville, Tenn.

$129,950

1.8%

-13.5%

LaGrange, Ga.

$101,500

-7.9%

-45.1%

Lake Havasu City-Kingman, Ariz.

$135,000

9.9%

-48.5%

Lakeland, Fla.

$115,000

12.8%

-52.6%

Lancaster, Pa.

$187,763

1.4%

-0.8%

Lancaster, S.C.

$225,000

7.3%

-12.7%

Lansing-East Lansing, Mich.

$125,000

5.7%

-54.0%

Las Vegas-Paradise, Nev.

$159,900

32.2%

-52.3%

Lexington Park, Md.

$285,000

6.6%

-24.7%

Lexington-Fayette, Ky.

$160,500

3.1%

-15.4%

Lima, Ohio

$118,700

10.3%

-30.2%

Lincoln, Neb.

$162,000

3.7%

-0.8%

Little Rock-North Little Rock, Ark.

$177,000

-2.5%

-5.8%

Longview, Wash.

$178,500

12.0%

-22.3%

Los Angeles-Long Beach-Santa Ana, Cal.

$460,000

22.2%

-31.0%

Louisville, Ky.-Ind.

$117,000

1.0%

-21.0%

Macon, Ga.

$80,000

2.0%

-55.5%

Madera, Cal.

$172,000

17.0%

-55.4%

Madison, Wis.

$244,000

2.4%

-9.0%

Manchester-Nashua, N.H.

$220,000

6.8%

-29.2%

Mansfield, Ohio

$39,950

-10.3%

-50.9%

McAllen-Edinburg-Pharr, Tex.

$85,000

0.4%

-3.8%

Medford, Ore.

$218,835

13.2%

-37.7%

Memphis, Tenn.-Miss.-Ark.

$103,000

10.7%

-37.1%

Merced, Cal.

$150,000

21.7%

-59.4%

Miami-Fort Lauderdale-Miami Beach, Fla.

$176,000

20.4%

-50.2%

Milwaukee-Waukesha-West Allis, Wis.

$155,000

12.2%

-40.1%

Minneapolis-St. Paul-Bloomington, Minn.-Wis.

$225,000

16.2%

-27.2%

Mobile, Ala.

$84,000

6.1%

-31.6%

Modesto, Cal.

$200,000

25.5%

-55.7%

Monroe, Mich.

$86,975

1.5%

-45.0%

Montgomery, Ala.

$125,000

-1.3%

-49.9%

Morristown, Tenn.

$102,900

-0.3%

-22.6%

Mount Vernon-Anacortes, Wash.

$228,890

15.3%

-18.2%

Muskegon-Norton Shores, Mich.

$76,500

5.7%

-57.2%

Myrtle Beach-Conway-North Myrtle Beach, S.C.

$143,000

5.1%

-38.4%

Napa, Cal.

$471,500

25.2%

-35.4%

Naples-Marco Island, Fla.

$232,000

15.0%

-50.6%

Nashville-Davidson–Murfreesboro, Tenn.

$158,000

6.3%

-9.3%

New Orleans-Metairie-Kenner, La.

$153,000

3.4%

-9.3%

New York-Northern New Jersey-Long Island, N.Y.-N.J.-Pa.

$375,000

7.1%

-26.0%

Niles-Benton Harbor, Mich.

$112,250

8.1%

-43.1%

Norwich-New London, Conn.

$209,000

2.0%

-34.3%

Ocala, Fla.

$97,000

7.5%

-49.9%

Ocean City, N.J.

$269,000

2.9%

-25.4%

Ocean Pines, Md.

$234,950

11.7%

-31.9%

Ogden-Clearfield, Utah

$178,500

8.9%

2.9%

Okeechobee, Fla.

$49,333

10.5%

-58.3%

Oklahoma City, Okla.

$152,250

2.2%

-4.7%

Olean, N.Y.

$55,000

1.7%

-1.9%

Olympia, Wash.

$241,107

6.2%

-23.6%

Omaha-Council Bluffs, Neb.-Iowa

$123,550

3.3%

-9.4%

Orangeburg, S.C.

$82,500

-6.2%

-28.3%

Orlando, Fla.

$169,033

18.0%

-50.2%

Oxnard-Thousand Oaks-Ventura, Cal.

$452,000

18.2%

-33.9%

Pahrump, Nev.

$122,000

24.4%

-54.3%

Palm Bay-Melbourne-Titusville, Fla.

$125,000

10.0%

-54.9%

Palm Coast, Fla.

$146,000

18.0%

-42.4%

Panama City-Lynn Haven, Fla.

$148,500

3.0%

-47.5%

Pensacola-Ferry Pass-Brent, Fla.

$122,500

5.5%

-35.1%

Peoria, Ill.

$119,000

-1.1%

-6.9%

Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md.

$252,800

5.2%

-20.5%

Phoenix Lake-Cedar Ridge, Cal.

$220,750

22.7%

-48.4%

Phoenix-Mesa-Scottsdale, Ariz.

$205,000

21.9%

-42.5%

Pittsburgh, Pa.

$157,000

5.2%

10.0%

Plattsburgh, N.Y.

$134,000

1.6%

5.5%

Port St. Lucie-Fort Pierce, Fla.

$137,000

14.2%

-53.6%

Portland-Vancouver-Beaverton, Ore.-Wash.

$270,000

15.5%

-13.9%

Poughkeepsie-Newburgh-Middletown, N.Y.

$204,262

-1.4%

-37.7%

Prescott, Ariz.

$185,000

18.0%

-38.4%

Providence-New Bedford-Fall River, R.I.-Mass.

$205,625

11.7%

-37.7%

Provo-Orem, Utah

$206,000

17.2%

-1.4%

Pueblo, Colo.

$125,000

2.8%

-25.2%

Punta Gorda, Fla.

$130,000

15.3%

-51.6%

Raleigh-Cary, N.C.

$156,000

1.1%

-6.4%

Reading, Pa.

$160,500

2.0%

-17.3%

Red Bluff, Cal.

$153,300

21.7%

-49.4%

Red Wing, Minn.

$157,750

10.7%

-22.8%

Redding, Cal.

$195,000

18.8%

-39.3%

Reno-Sparks, Nev.

$220,000

27.7%

-45.7%

Richmond, Va.

$224,000

8.8%

-19.1%

Riverside-San Bernardino-Ontario, Cal.

$244,500

21.8%

-48.2%

Rochester, N.Y.

$104,000

3.7%

8.9%

Rockford, Ill.

$91,000

1.1%

-46.3%

Rocky Mount, N.C.

$68,000

4.3%

-20.3%

Rome, Ga.

$110,000

-0.1%

-38.9%

Roseburg, Ore.

$158,200

-4.2%

-31.1%

Sacramento–Arden-Arcade–Roseville, Cal.

$289,500

27.7%

-42.6%

Saginaw-Saginaw Township North, Mich.

$48,750

4.1%

-48.6%

Salem, Ore.

$179,950

10.8%

-19.2%

Salinas, Cal.

$352,250

17.1%

-54.0%

Salisbury, Md.

$130,000

7.8%

-37.0%

Salt Lake City, Utah

$205,000

19.0%

3.8%

San Antonio, Tex.

$128,494

3.9%

-3.3%

San Diego-Carlsbad-San Marcos, Cal.

$420,000

19.6%

-28.0%

San Francisco-Oakland-Fremont, Cal.

$600,000

28.3%

-27.9%

San Jose-Sunnyvale-Santa Clara, Cal.

$689,500

25.7%

-13.2%

San Luis Obispo-Paso Robles, Cal.

$425,000

17.8%

-27.6%

Santa Barbara-Santa Maria-Goleta, Cal.

$341,000

19.8%

-43.7%

Santa Cruz-Watsonville, Cal.

$596,000

20.8%

-30.7%

Santa Rosa-Petaluma, Cal.

$432,000

24.2%

-33.6%

Sarasota-Bradenton-Venice, Fla.

$180,000

16.2%

-48.4%

Savannah, Ga.

$160,000

9.4%

-34.5%

Scranton–Wilkes Barre, Pa.

$104,500

3.7%

-17.0%

Seattle-Tacoma-Bellevue, Wash.

$344,100

16.3%

-20.1%

Sebring, Fla.

$74,950

3.1%

-59.2%

Sevierville, Tenn.

$150,000

9.7%

-23.9%

Shelbyville, Tenn.

$75,050

-4.9%

-22.2%

Sierra Vista-Douglas, Ariz.

$131,000

-4.6%

-35.1%

South Bend-Mishawaka, Ind.-Mich.

$87,500

4.7%

-40.8%

Spartanburg, S.C.

$115,500

-2.2%

-20.1%

Springfield, Ill.

$120,000

4.1%

4.9%

Springfield, Mass.

$183,500

12.1%

-26.8%

St. Cloud, Minn.

$136,500

1.3%

-25.1%

St. Louis, Mo.-Ill.

$89,900

-0.2%

-44.4%

St. Marys, Ga.

$113,500

6.3%

-38.3%

State College, Pa.

$219,200

2.7%

13.2%

Statesville-Mooresville, N.C.

$140,000

6.4%

-12.5%

Stockton, Cal.

$230,000

24.9%

-54.9%

Sturgis, Mich.

$85,000

4.9%

-45.9%

Syracuse, N.Y.

$101,450

1.8%

6.4%

Tallahassee, Fla.

$152,000

6.2%

-33.7%

Tampa-St. Petersburg-Clearwater, Fla.

$140,000

15.1%

-50.9%

The Villages, Fla.

$183,000

18.8%

-29.8%

Toledo, Ohio

$82,450

15.3%

-47.8%

Trenton-Ewing, N.J.

$161,800

2.4%

-39.9%

Truckee-Grass Valley, Cal.

$345,000

16.7%

-40.2%

Tucson, Ariz.

$175,000

14.2%

-39.5%

Tullahoma, Tenn.

$100,750

-3.8%

-15.9%

Tulsa, Okla.

$124,700

-1.5%

-15.1%

Ukiah, Cal.

$280,000

16.5%

-41.7%

Union City, Tenn.-Ky.

$50,500

-0.9%

-4.1%

Utica-Rome, N.Y.

$86,000

-0.1%

8.6%

Vallejo-Fairfield, Cal.

$289,000

25.0%

-51.8%

Vero Beach, Fla.

$145,000

12.1%

-52.1%

Vineland-Millville-Bridgeton, N.J.

$125,000

5.8%

-24.9%

Virginia Beach-Norfolk-Newport News, Va.-N.C.

$230,000

5.0%

-20.4%

Visalia-Porterville, Cal.

$164,000

19.0%

-45.7%

Washington-Arlington-Alexandria, D.C.-Va.-Md.-W.V.

$394,500

10.2%

-26.7%

Watertown-Fort Drum, N.Y.

$128,500

2.6%

23.0%

Wausau, Wis.

$128,250

2.6%

-6.3%

Willimantic, Conn.

$156,000

2.5%

-34.0%

Wilmington, N.C.

$172,000

11.8%

-22.4%

Wilmington, Ohio

$105,900

-4.2%

-40.9%

Winchester, Va.-W.V.

$217,000

10.2%

-38.1%

Winston-Salem, N.C.

$100,000

-4.4%

-23.8%

Worcester, Mass.

$225,000

7.5%

-36.2%

Yakima, Wash.

$164,890

5.5%

6.3%

York-Hanover, Pa.

$169,900

3.2%

-15.9%

Youngstown-Warren-Boardman, Ohio-Pa.

$88,500

4.9%

-42.6%

Yuba City, Cal.

$180,000

22.4%

-50.1%

Yuma, Ariz.

$126,177

14.9%

-36.1%