New House Price Estimator Shows Value Of Various Features
WASHINGTON -- What makes some properties more expensive than others? Why does a home in one part of town cost much more than the same home in another part of town? A new online model lets you plug in a variety of home and location characteristics to find out which ones mean more money and which ones don't.
To show the effects that various features can have on a home's value, the National Association of Home Builders' (NAHB) housing economics department has created a house price estimator model based on data from the American Housing Survey (AHS), a nationally representative survey of about 60,000 housing units conducted by the U.S. Census Bureau in odd-numbered years.