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FBC The Willis Report December 25, 2014

A pleasure, gerri. Gerri why do you do this study . Most people dont do the study this way. This is the question i have. If i buy a house with these basic parameters what will it cost you market by market . Why do you do the study . Weve done it many years. As you suggested it is all location. But we hear so much on National Level on averages and median prices but as we move through the housing recovery we find real estate becomes local and hyperlocal. At end of the day people want to know what will it cost me to buy a home in one location versus the other. We look in over 2000 markets and zeroed in on a four bedroom, two bath home. It is aspiration hal home an comparing to your point, apples apples across the country. Gerri when you dig into the numbers it es super interesting. California is a real rock star on this list and Silicon Valley really. No question. California has always been high on the list. This year nine out of top 10 most expensive markets. But to your point it shifted

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