All-Transactions House Price Index for Michigan
MISTHPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
549.69
Year-over-Year Change
23.79%
Date Range
1/1/1975 - 1/1/2025
Summary
The All-Transactions House Price Index for Michigan measures changes in home prices across the state. It is a key indicator of housing market conditions and consumer wealth in Michigan.
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 for Michigan is a broad measure of single-family home prices, tracking both new and existing home sales. It is used by economists, policymakers, and real estate analysts to understand housing market trends and their impact on the local economy.
Methodology
The index is calculated using data on arm's-length sales of single-family homes, condominium units, apartment buildings, and other types of residential properties.
Historical Context
Housing prices and activity are closely monitored by the Federal Reserve and other agencies for their implications on consumer spending, inflation, and economic growth.
Key Facts
- Michigan's housing market has seen rapid price appreciation in recent years.
- The All-Transactions Index provides a comprehensive view of residential property values.
- Housing is a major component of household wealth and a driver of consumer spending.
FAQs
Q: What does this economic trend measure?
A: The All-Transactions House Price Index for Michigan tracks changes in the prices of single-family homes, condos, and other residential properties across the state.
Q: Why is this trend relevant for users or analysts?
A: Housing prices are a key indicator of consumer wealth and an important driver of economic activity, making this index highly relevant for economists, policymakers, and real estate market participants.
Q: How is this data collected or calculated?
A: The index is calculated using data on arm's-length sales of various types of residential properties.
Q: How is this trend used in economic policy?
A: Housing market conditions and trends are closely monitored by the Federal Reserve and other agencies for their implications on consumer spending, inflation, and broader economic growth.
Q: Are there update delays or limitations?
A: The All-Transactions House Price Index for Michigan is published quarterly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, All-Transactions House Price Index for Michigan (MISTHPI), retrieved from FRED.