Statistical Analysis of Residential Housing Prices in an Up and Down Real Estate Market

Statistical Analysis of Residential Housing Prices in an Up and Down Real Estate Market. The recent economic recession has had a significant impact on residential real estate both nationally and regionally. Our research is focused specifically on Cobb County, Georgia and the impact that the declining economy has had on home buying and property values in this area. Specifically, this research aims to identify changes in the residential market in terms of significant characteristics of housing and their corresponding effect on home values.

The recent economic recession has had a significant impact on residential real estate both nationally and regionally. Our research is focused specifically on Cobb County, Georgia and the impact that the declining economy has had on home buying and property values in this area. Specifically, this research aims to identify changes in the residential market in terms of significant characteristics of housing and their corresponding effect on home values.

Every home buyer places a certain amount of significance on the many different aspects of a particular property that give that property its inherent value. For instance, some houses are worth more because of their proximity to a desirable area, the number of bedrooms or bathrooms, the square footage of the home, or even just the existence of a basement. One of the questions this research will seek to answer is how home buyers change in their preference for certain housing characteristics in a good economy versus a bad economy.

There is little debate that property values have declined during the course of the most recent recession. Our research will also attempt to understand if there are certain identifiable characteristics of housing that tend to make the greatest impact in terms of which houses depreciate in a declining market and which houses do not.