All-Transactions House Price Index for Virginia Beach-Norfolk-Newport News, VA-NC (MSA)
ATNHPIUS47260Q • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
373.02
Year-over-Year Change
24.05%
Date Range
7/1/1976 - 1/1/2025
Summary
The All-Transactions House Price Index tracks changes in the average sale price of homes in the Virginia Beach-Norfolk-Newport News metropolitan area. It is an important indicator of local real estate market conditions and housing affordability.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The All-Transactions House Price Index is a quarterly measure of the average price paid for single-family homes in the Virginia Beach-Norfolk-Newport News, VA-NC metropolitan statistical area. It is used by economists, policymakers, and real estate analysts to monitor trends in the local housing market.
Methodology
The index is calculated based on sales prices from real estate transactions reported to the Federal Housing Finance Agency.
Historical Context
Policymakers and market participants monitor this index to assess the health of the regional housing market and affordability for prospective home buyers.
Key Facts
- The index has a base year of 1980 with a value of 100.0.
- Housing prices in the Virginia Beach metro area peaked in 2007 before declining during the Great Recession.
- As of the latest data, home prices have recovered to near their previous all-time highs.
FAQs
Q: What does this economic trend measure?
A: The All-Transactions House Price Index tracks the average sale price of single-family homes in the Virginia Beach-Norfolk-Newport News metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: The index is an important indicator of local real estate market conditions and housing affordability, which is useful for economists, policymakers, and real estate professionals.
Q: How is this data collected or calculated?
A: The index is calculated based on sales prices from real estate transactions reported to the Federal Housing Finance Agency.
Q: How is this trend used in economic policy?
A: Policymakers and market participants monitor this index to assess the health of the regional housing market and affordability for prospective home buyers.
Q: Are there update delays or limitations?
A: The index is released quarterly, with a lag of several months from the end of the reference period.
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Citation
U.S. Federal Reserve, All-Transactions House Price Index for Virginia Beach-Norfolk-Newport News, VA-NC (MSA) (ATNHPIUS47260Q), retrieved from FRED.