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Real Estate Research
Celeste Kivalu, Dana Campbell, Rina Macapagal, Edward Charfauros, and Kodi Womak
February 22, 2011
Dr. Michael Smith
Real Estate Research
Purpose of the Research
The purpose of a real estate research is to provide credible research, value-added information, education services, and project-oriented research to real estate licensees, real estate consumers, real estate service providers, institutional customers, public agencies, and communities (State Legislature, 2010). There are 105 homes sold in different locations, different styles, different sizes, and different number of bedrooms, and at different prices. This research will analyze the data collection of the homes sold to determine the reason why homes are purchased at different prices. Researching the reasons behind the cost of the homes will educate and inform both perspective home buyers and real estate agents.
Problem Definition
The collection of data for this research will identify the reasons homes are purchased at different prices. What contributes to the home price differentiation? Does distance from the town or city a major factor in the prices of the homes? This research examines the different variables responsible for the various home price ranges. “Home prices and changes in home prices vary by location and market conditions” (Anderson & Beracha, 2010, para. 2). This research evaluates and compares the real estate prices using the data collection from 105 homes sold, to determine the factors toward the different prices of homes.
Research Hypothesis :
The null hypothesis states that homes within 10 miles of a town or city cost on average $237,000. The alternate hypothesis state that homes father than 10 miles from town or city cost less than $237,000. The other possible outcome is that homes within the town or city cost more than $237,000. Numerous variables influence the hypothesis. The variables that affect the results of this research are price, distance,...

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