Tállis Index
The Eislen Tállis Index – a monthly measurement of a market's rental condition status illustrates relative changing – actual and prospective – in apartment rental market conditions.
The Index – a hedonic regression referencing a weighted derivative of combined change among interrelated metrics holding critical influence over a market's relative status – provides a near real-time indicator of relative current, and prospective, market strength. The result, refined to a single, relatable numeric index, references a geographic area's current apartment rental status – either gaining, or losing, strength.
Index metrics track change in:
- Job Growth.
- Rental rate change among a select, stratified representative market inventory sample.
- Apartments under construction – as a percentage of current supply.
- Single-Family housing affordability.
- The extent of apartment concessions participation as a percentage of the market-rate stabilized apartment supply.
- Relative ease (or lack) of access to a single-family loan for a median-priced home by a median income household.
(Example)