UNDERSTANDING AND PREDICTING THE SALE PRICE OF HOUSES IN AMES

• General Overview

Pricing for real estate is essential for both individual purchasers and homeowners, as well as for the stability and expansion of the economy. The state of the housing market affects consumer confidence, investment decisions, and broader economic conditions, making it a crucial indicator of overall economic health. With its increased accuracy in predicting pricing dynamics and market trends, predictive modelling has emerged as a vital instrument in the real estate sector in recent years. By using extensive datasets, ranging from local preferences to economic indicators, predictive models can offer valuable insights that assist consumers, legislators, and investors in making well-informed decisions.