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Winans Launches International Housing Index

Wall Street has long struggled with indexing and analyzing real estate as an international investment, according to ""Winans International"":http://www.winansintl.com/, a California-based investment advisor and research firm.

Winans International market researchers Ken Winans and Dr. Bryan Taylor tackled the problem by gathering the data from 36 countries and developing an approach to[IMAGE] [COLUMN_BREAK]

combine these global studies of home prices into a single data set.

The two say their model has the added benefit of no time lag and circumvents the scaling problems found in other real estate benchmarks.

The new index is called Winans-Taylor International Real Estate Index (symbol: WITIRE).

Ken Winans of Winans International Investment Management & Research stressed that this is the only index that tracks global housing prices since 1975.

He says the benchmark has already revealed several important facts, such as global housing prices, as a whole, have grown faster over the past 36 years than home prices in the United States â€" up 24 percent vs. 16 percent, respectively.

In addition, the WITIRE is currently near all-time highs when taking global housing prices into account, while the Winans International Real Estate Index (symbol: WIREI) shows U.S. home prices are 4 percent below their 2006 year-end high.

About Author: Carrie Bay

Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.

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