Data Colliction

Data Collection Paper

Team B

University of Phoenix

Marsha Smith

RES/341

July 15, 2010

Data Collection Paper

While the standard changes in house prices is related to changes in basics or possibly market wide bubbles, not all houses in a market value at the same rate. The main focus of team B’s study is to look into the reasons for these deviation in price changes among homes within a market. The theory we draw on for guidance is the best search strategy for sellers of an atypical home. Team B hypothesize that homes will value at a different rate depending on the characteristics of the property and the area of region that they are located in. this hypothesis is supported from the data collected in our data set and different housing markets.

Team B analysis of literature highlights research that documents different rates of home price approval in the housing market. This article explains previous research on two variants of search models where the focus was on the house value purpose. Next, the article presents formal models of these search processes, but they emphasize the impact of variation in the strength of the housing market on price incomes. The land leverage ratio was also incorporated in these models. Literature is silent about the expected relationship of a house’s price appreciation and its characteristics.

For Real Estate, the population from which the current sampling data comes from is chosen random sampling. The information provided requires no research for the research study which is designed to determined whether there is significant difference between the prices of the homes and the township that the homes are in. Thirty samples were taken...