.*** MLS CMA last 6 MONTHS @ AVG $208K - Also MLS statistics show price/sq. ft. @ $71 (actually up from 2011 @ $67/sq. ft.) = just over $196K for this Subject Property.In our case this HOUSE was BASED on a NUMBERS RANGE FROM $194K-$208K - AVG. $199K (DID NOT INCLUDE OUR BOA COMP - REMAINED CONSERVATIVE)•LOCATION: EXCELLENT•SCHOOLS: EXCELLENT•CONDITION: EXCELLENT•PRICE: EXCELLENT•AREA AMENITIES: GREATIn my opinion, this house should be marketed at 5%-10% below my estimate which should range from $179k to $189kTHE AVG.

Land should be expensive, and it should probably take a good 20-30 years for a responsible family to pay it off.It's statistics, you can spin the numbers how you want if you select only the things you know will give you the numbers you want.

What are some good resources to get reliable statistics other than MLS?'.

(We've statistically proven this to be true).

That is nonsense and not something any statistic has been able to link in any way.

According the the National Association of Home Builders:The NAHB analysis of the Consumer Expenditure Survey (CES) data from the Bureau of Labor Statistics shows that the biggest outlay in the budget of new home buyers is furnishings.

Price data, and rent value can easily be found on zillow, but market based data is a bit harder to find.I've been scouring the web for economic and city planning information (Iowa market mostly), but most of it seems like promotional material for getting businesses into my state.Here is the sites of been using to pull basic city data, statistics etc.http://www.deptofnumbers.com/rent/http://www.city-data.comhttp://www.bestplaces.netWould love others to chime in as well.Best,Michael

Statistical data from the 2012 US Census shows that the growth rate of many cities in the U.S. has recently surpassed that of suburban areas.

@Jay Hinrichs - Thanks for your bold statements, I hope investors are reading important part of your post.

Thank you @Liz Chen for having the boldness of posting your experience as it's really been on BP.