More Statistics on Sacramento Housing

In a previous post, I showed a pretty simple regression analysis of housing prices and house size for my Zip code. The zip code was used as an easy way to include location in the output. Using PostGIS and geographic data from the City of Sacramento, this post will show a regression analysis ( using the R statistical programming project) using the city’s designated neighborhoods. The raw data real estate data comes from the Sacramento Bee. After describing the model, I’ll apply it the last few months of home sales (not used in developing the model), and see how well it does at predicting results.    Continue reading