All-Transactions House Price Index for North Carolina
NCSTHPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
690.55
Year-over-Year Change
26.22%
Date Range
1/1/1975 - 1/1/2025
Summary
The All-Transactions House Price Index for North Carolina measures the average change in home prices across the state. This key metric provides insights into the state's housing market and is closely watched by economists and policymakers.
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 tracks the sale prices of single-family homes in North Carolina. It is a comprehensive measure that reflects market conditions and can be used to assess housing affordability and the overall health of the state's real estate sector.
Methodology
This index is calculated using sales prices and appraisal data from Fannie Mae and Freddie Mac transactions.
Historical Context
The North Carolina house price index is an important input for economic analysis and policy decisions related to the housing market.
Key Facts
- North Carolina home prices have increased by over 50% in the past decade.
- The state's house price index reached an all-time high in 2022.
- Housing affordability remains a key concern for policymakers in North Carolina.
FAQs
Q: What does this economic trend measure?
A: The All-Transactions House Price Index for North Carolina measures the average change in sale prices of single-family homes across the state.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the housing market in North Carolina, which is a key driver of the state's economy. It is closely watched by economists, policymakers, and real estate professionals.
Q: How is this data collected or calculated?
A: The index is calculated using sales prices and appraisal data from Fannie Mae and Freddie Mac transactions in North Carolina.
Q: How is this trend used in economic policy?
A: The North Carolina house price index is an important input for analysis and decision-making related to housing affordability, mortgage markets, and overall economic conditions in the state.
Q: Are there update delays or limitations?
A: The All-Transactions House Price Index for North Carolina is updated quarterly by the Federal Reserve, with a typical release lag of several weeks.
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Citation
U.S. Federal Reserve, All-Transactions House Price Index for North Carolina (NCSTHPI), retrieved from FRED.