May housing market data be segmented when determining moderately priced values?
Yes. It may be appropriate to segment housing market data for new construction of single-family homes to arrive at moderately priced values. For example, a rural area might have smaller, older existing houses that are not of the same character and size of recently built homes or those planned for the area. This may require segmenting the data into new and existing homes to determine the moderate price of newer housing. It may also be necessary if the cost of new home construction is higher than the price of existing, comparable dwellings in the institution’s territory. 9. Are there specific requirements for the size of the area or the number of values used when evaluating market data? No; however, data should represent a cross section of homes, not just the upper or lower end of the distribution, and include enough housing values to accurately reflect the housing market in the identified rural area. It would not be appropriate to identify and gather data from too small of an area, such
