Home   Electrical Contractor   Free Electrical Contractor Business Plan   4.22 Market Value of Owned Home by Race Nationally Analysis

4.22 Market Value of Owned Home by Race Nationally Analysis

In order to analyze the market value of owned homes by race we have broken the national population into the following categories:

  1. The average market value of owned home by folks who are classified as White & Other races.
  2. The average market value of owned home by folks who are classified as Black.
  3. The average market value of owned home by folks who are classified as Asian.

When we look at this national data we find that homes owned by folks who are classfied as White & Other races have actually gone down in value by 1.8% from 2009 to 2013. There has also been a drop in the value of black owned homes during that same period by a rate of 3.5%. We feel that this can be attributed to the fact that the greater real estate maket nationally is still in the process of getting its feet back after the severe drop in real estate values during the recession that began in 2007.

What is interesting to note in this analysis is the fact that home owned by Asians have actually been able to hold on to their values. In 2009 the average value of homes owned by Asians nationally was $217,275. By 2013 the value of these homes on average stood at $220,763 resulting in a modest 1.6% increase.

Business owners like Andy and Jose who are in the electrical contractor industry that caters to home ownersr need to be cognizant of these national trends and ensure that they recognize the trends in their local target markets and adjust their service offerings and positioning accordingly.


Quick Links:

  1. Go to the Corresponding Template section for this industry.
  2. Go to the Corresponding Questionnaire section for this industry.

Small Business Owner Resource Center

Articles

Articles on the Small Business Financing Sources, the Small Business Loan Basics, small business loans Checklist and SBA Loans are incredible sources of knowledge for the small business owner.

 

Articles

Credit Report and Credit Score Analysis, how to Read a Personal Credit Report and all about Business Credit cover the intricacies of credit and are required reading for everybody.

 

Articles

The Foundation Grant Directory is a free listing of sources for grants by state. Why not look if there is some free money out there for your business. Hey - you never know!

 

Articles

The Business Loan Application covers every item you will need in your loan package and tells you how to get approved for business loans.

 

Articles

Fire your loan broker and use our Free Business Loans Bank / Lender Directory to find every bank in the country lending to small businesses.

 

Articles

If you are looking to start a business - look no further.  Check out the Free Incorporation Guide discussion and the State Incorporation Resource Directory.

Rate this page
Your feedback is important to us | Please rate this page
1 2 3 4 5
HELP US SPREAD THE WORD | LINK TO THIS PAGE