Seasonality in United States home prices

Abstract

. We present the slides from a talk about Wall Street and about seasonality in United States home prices. Seasonality is approached via two non–standard paths: for prices we use initial listed prices, for seasonality we use easy Fourier analysis. Prices peak at the end of May. The amplitude of the seasonal change is large in recent years: 5.3%. There is a similar seasonality in the areas of listed homes. But the amplitude of the area change is much smaller: 1.9%. The price seasonality is uniform throughout most of the United States.