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I'm not an expert in this area but I suspect there is more of a US apartment market than you think. Of course specific cities are going to show deviations from
by ellisv 11y ago
I'm not an expert in this area but I suspect there is more of a US apartment market than you think.
Of course specific cities are going to show deviations from the national trend. Take a look at the Case-Shiller index[0]. You can add comparisons between the national index and major city indexes.
There is probably strong spatial autocorrelation (Minneapolis and St. Paul are more similar than Minneapolis and Atlanta) but cities that share characteristics (e.g. population size, density, etc.) would also share similar trends.
[0] http://us.spindices.com/indices/real-estate/sp-case-shiller-us-national-home-price-index http://us.spindices.com/indices/real-estate/sp-case-shiller-...
- brownbat 11y agoOoh, that's a really fun visualization. Looks like Detroit has actually been on the rebound since 2012, though still below original levels. Denver and Dallas are really taking off. You can really see the housing crash hammering Phoenix and Vegas. My quick take is that there are some big trends that are correlated nationally, but they'll be more or less pronounced region by region, and some cities have their own special issues.