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Analysts to rely on new data to forecast home prices
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The growing emphasis on advanced analytics in the housing market has been helping give industry analysts a clearer picture of the state of U.S. markets in recent years.
Economists are now looking to take the next step to use more sophisticated housing data as a tool to better forecast future home prices.
Since U.S. home prices are a key indicator of overall economic health, being able to get a read on housing trends months in advance could help everyone invested in the market, from buyers and sellers to real estate professionals and home builders.
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