conventional mortgages<\/u><\/a> on single-family homes.\u00a0<\/b><\/p>This index is measured based on the resale or refinancing of the same properties by calculating their average price changes after every transaction.<\/b><\/p>
The home price index report is usually issued quarterly, however, since March 2008 a monthly report has also been issued regularly.\u00a0<\/b><\/p>
The data for HPI is collected from a review of mortgages purchased or securitized by Freddie Mac and Fannie Mae.<\/b><\/p>
The HPI is a measure of changes in single-family home prices that began in the mid-1970s to the present using complex analysis. It measures the average change of home value during the resale or refinancing transaction of the same property.<\/b><\/p>
The home price index is a “constant quality” index because changes in housing quality are supervised by tracking the same single-family homes over time. The HPI displays nominal gains as it is not adjusted for inflation.<\/b><\/p>
The data represented in HPI includes tens of millions of US home sales. Because the index tracks home sales over time, it provides an overview of changes in home price at the national, state, census, county, metro, and zip code levels.<\/b><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t