NOVATO, Calif., Sept. 19, 2011 /PRNewswire/ -- Wall Street has long struggled with indexing and analyzing real estate as an international investment. Respected market researchers Ken Winans and Dr. Bryan Taylor tackled the problem by gathering the data from 36 countries and developing an approach to effectively combine these global studies of home prices into single data set without the time lag and scaling problems found in other real estate benchmarks.
The new index is called Winans-Taylor International Real Estate Index (symbol: WITIRE).
"This is the only index that tracks global housing prices since 1975. The benchmark has already revealed several important facts such as that global housing prices, as a whole, have grown faster than U.S. (24% vs. 16%) since 1975, and the WITIRE is near all-time highs while Winans International Real Estate Index (symbol: WIREI) shows U.S. housing prices are 4% below their 2006 year-end high." says Ken Winans of Winans International Investment Management & Research.
SOURCE Winans International