2nd Qtr 2011 Madison Area Market Report

The National Association of Realtors "NAR" Research produces a series of Local Market Reports (LMRs) which provide insights into the fundamentals and direction of the nation's largest metropolitan housing markets. Each report evaluates a number of factors affecting home prices, including:

• The health of the local job market


• Foreclosure rates


• Housing inventory


• Debt-to-income and mortgage-servicing-costs-to-income ratios

Some Notes on Data Usage

NAR Research uses a variety of data sources in preparing the LMRs.

• Housing Price and Sales Statistics - The National Association of REALTORS®


• Labor statistics - U.S. Bureau of Labor Statistics (Establishment and Household Surveys)


• Housing Permits Data - U.S. Census Bureau


• Foreclosure Data - Mortgage Bankers' Association of America (MBAA)


• State Economic Index - Federal Reserve Bank of Philadelphia

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