PS, it provides the predicted price for a resale home. When the predicted price consistently moves up, buy, because it means you just passed the predicted trough.
Note — given the signs in front of the coefficients, for prices to be moving up, NODs will have to be coming down, sales moving up, and employment moving up.
See the red symbols? Those are the predicted prices using the formula/model. They fit reasonably nicely with the actual prices, in black.
[img_assist|nid=1671|title=
Prices: Actual vs. Fitted|desc=|link=node|align=left|width=400|height=267]
