S&P CoreLogic Case-Shiller MI-Detroit Home Price Index
DEXRSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
194.97
Year-over-Year Change
4.82%
Date Range
1/1/1991 - 5/1/2025
Summary
The S&P CoreLogic Case-Shiller MI-Detroit Home Price Index tracks changes in the value of residential real estate in the Detroit metropolitan area. It serves as a key indicator of the local housing market's performance and is widely used by economists and policymakers to assess economic conditions.
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 S&P CoreLogic Case-Shiller MI-Detroit Home Price Index measures the average change in home prices across a representative basket of residential properties in the Detroit metropolitan statistical area. It is a widely recognized benchmark for evaluating housing market trends and can provide insights into broader economic dynamics.
Methodology
The index is calculated based on repeat sales of single-family homes, using a proprietary methodology to control for factors that could skew the results.
Historical Context
Housing prices and trends are closely monitored by policymakers, investors, and consumers to understand economic conditions and make informed decisions.
Key Facts
- The index uses a base value of 100 as of January 2000.
- Detroit home prices reached a peak in 2006 before declining during the housing crisis.
- The index helps track the recovery and evolution of the Detroit metropolitan housing market.
FAQs
Q: What does this economic trend measure?
A: The S&P CoreLogic Case-Shiller MI-Detroit Home Price Index measures changes in the average value of residential real estate in the Detroit metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: The index provides a reliable indicator of housing market conditions in Detroit, which is crucial for understanding local and regional economic dynamics.
Q: How is this data collected or calculated?
A: The index is calculated based on repeat sales of single-family homes using a proprietary methodology to control for factors that could skew the results.
Q: How is this trend used in economic policy?
A: Housing prices and trends are closely monitored by policymakers, investors, and consumers to understand economic conditions and make informed decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a two-month lag, and it may not capture all nuances of the local housing market.
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Citation
U.S. Federal Reserve, S&P CoreLogic Case-Shiller MI-Detroit Home Price Index (DEXRSA), retrieved from FRED.