The Real Estate is a non-profit public policy organization in Washington, D.C. that works on public policy issues affecting the real estate industry. The Roundtable's policy issue focus includes specific issues such as taxation of carried interests and terrorism insurance, along with issues in the areas of capital and credit, environment and energy, homeland security and tax policy.

There are two major ways in which aggregate home prices are reported: median and mean (average).The most important government measurement of home prices in the United States is the house price index.

Median home price:

The median home price is the threshold which divides the real estate market into two equal halves, in reference to pricing. One half of all homes in the market were sold at a price above the median home price, while the other half were sold below that price. The median home price is one of the most common measurements used to compare real estate prices in different markets, areas, and periods. It is said to be less biased than the average since it is not as heavily influenced by the top 2% of homes sold.

Mean (average) home price:

The mean home price, or average home price is the sum of prices of all homes sold in a certain area in a certain period, divided by the number of properties sold in the same area in that period. For example, inside the hypothetical Blackwoodwood Townhouse complex in Anytown, California, there were five townhouses sold in March of 2006. The properties were priced as follows: one for $450,000, one for $459,000, two for $465,000, and one for $499,000. The sum of all of these properties is $2,338,000.

Factors Influencing Real Estate Prices: The variables that drive residential real estate prices can be grouped into macro forces and micro forces. Macro forces include mortgage interest_rates, economic strength demographics, and federal taxes. Micro forces include local economic strength, state and municipal zoning, neighborhood features (such as quality of schools), and the condition of the property itself.

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