Project Management

Federal Housing Index Calculator

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Executive Summary

Over-estimating the fair market value of your home can adversely affect your eligibility for financial aid. This tool uses the Federal Housing Index Multiplier (2006 tables) from the Bureau of Economic Analysis at the US Department of Commerce to compute the minimum derived value of your home, based on the purchase price of your home and the year of purchase. This will produce a very conservative figure for the value of your home in the current real estate market. It is a good idea to add an extra 10% to the value reported by this tool.

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