Financial Market: Real Effective Exchange Rates: CPI Based for Turkiye
Annual
CCRETT01TRA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
73.16
Year-over-Year Change
-34.08%
Date Range
1/1/1970 - 1/1/2019
Summary
The Annual trend measures the year-over-year change in the real estate transfer tax collected in the United States. This metric provides insight into the health and activity of the real estate market.
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 Annual trend tracks the year-over-year percent change in the real estate transfer tax, which is a tax levied on the sale or transfer of real property. This data offers a timely indicator of trends in the real estate sector, which is a key driver of the broader economy.
Methodology
The data is collected by the U.S. Census Bureau from state and local government agencies.
Historical Context
The Annual trend is closely monitored by economists, policymakers, and real estate industry participants to gauge the strength of the housing market.
Key Facts
- The real estate transfer tax is charged as a percentage of the property sale price.
- Annual data is reported on a quarterly basis by the U.S. Census Bureau.
- The Annual trend is a leading indicator of broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year percent change in the real estate transfer tax collected across the United States.
Q: Why is this trend relevant for users or analysts?
A: The Annual trend provides timely insight into the health and activity of the real estate market, which is a key driver of the broader economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau from state and local government agencies.
Q: How is this trend used in economic policy?
A: The Annual trend is closely monitored by economists, policymakers, and real estate industry participants to gauge the strength of the housing market and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The Annual data is reported on a quarterly basis, so there may be a delay in the most recent observations.
Related Trends
Financial Account (Excludes Exceptional Financing and Use of Fund Resources), Net for Turkey
FAEEFNTRQ052N
National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for Turkey
TURGDPDEFQISMEI
Broad Effective Exchange Rate for Turkey
NBTRBIS
Production: Construction: Total for Turkey
TURPRCNTO01GPSAQ
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Turkiye
CPGRLE01TRA659N
Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Domestic for Turkey
TURPITGND02GYM
Citation
U.S. Federal Reserve, Annual (CCRETT01TRA661N), retrieved from FRED.