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The Difference A Zip Code Can Make

March 14, 2008 by Scott Kinne

There is no such thing as a “national real estate market”.

Real estate is local.

We know this is true because even cities don’t have their own real estate market.

This chart shows how home prices have diverged across adjacent zip codes over the last 12 months.

Some influencing factors:

  • School systems
  • Infrastructure
  • Proximity
  • Supply of homes

Stories about “The U.S. Real Estate Market” are irrelevant. In each city in America — and on a street by street level — real estate markets can be vastly different.

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Scott Kinne

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Vice President, Senior Loan Officer
NMLS ID #182351
Office: 703.293.6146
Mobile: 571.237.6241
Fax: 571.317.2478
skinne@fhmtg.com

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