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Home » Publications » Academic journals » Economics journals » EconSouth » September 2012 »
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    "Data Corner: Home Price Indices." EconSouth. Federal Reserve Bank of Atlanta. 2012. HighBeam Research. 20 Apr. 2018 <https://www.highbeam.com>.

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    "Data Corner: Home Price Indices." EconSouth. 2012. HighBeam Research. (April 20, 2018). https://www.highbeam.com/doc/1G1-306973331.html

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    "Data Corner: Home Price Indices." EconSouth. Federal Reserve Bank of Atlanta. 2012. Retrieved April 20, 2018 from HighBeam Research: https://www.highbeam.com/doc/1G1-306973331.html

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Data Corner: Home Price Indices

EconSouth
EconSouth

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September 22, 2012 | Copyright
Copyright Federal Reserve Bank of Atlanta. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights or concerns about this content should be directed to Customer Service.
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    <a href="https://www.highbeam.com/doc/1G1-306973331.html" title="Data Corner: Home Price Indices | HighBeam Research">Data Corner: Home Price Indices</a>

Fluctuations in home values affect household wealth. In turn, household wealth can significantly affect the economy through consumer spending and saving behavior, the availability of credit, and employment in the residential sector (see this issue's "Fed @ Issue," which discusses these connections). Given the strong ties between the housing market and the health of the economy, tracking the movement of prices over time by using a home price index can be very informative.

Constructing a home price index, however, is more involved than constructing price measures for other types of goods, because each home is unique and infrequently traded. Reconciling these two particular aspects is challenging because existing data sources have incomplete and uneven coverage of home prices. …


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