Home Price Index (High Tier) for New York, New York
NYXRHTSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
291.70
Year-over-Year Change
7.77%
Date Range
1/1/1987 - 5/1/2025
Summary
The Home Price Index (High Tier) for New York, New York measures the change in home prices for high-end properties in the New York metropolitan area. This indicator is closely watched by economists and policymakers as it provides insights into the housing market's health and trends.
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 Home Price Index (High Tier) tracks the prices of high-value homes in the New York metropolitan region. This index is a valuable tool for analyzing the performance of the luxury housing market and understanding broader economic conditions.
Methodology
The data is collected and calculated by the Federal Housing Finance Agency (FHFA) using a repeat-sales methodology.
Historical Context
The Home Price Index (High Tier) is used by real estate investors, housing market analysts, and policymakers to monitor the state of the high-end housing market and its impact on the broader economy.
Key Facts
- The index is based on home sales data for the New York-Newark-Jersey City, NY-NJ-PA metropolitan statistical area.
- The index uses a base year of 2000 and is published on a quarterly basis.
- High-tier homes are defined as those in the top one-third of the local housing market by value.
FAQs
Q: What does this economic trend measure?
A: The Home Price Index (High Tier) for New York, New York measures the change in home prices for high-end properties in the New York metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the performance of the luxury housing market, which is an important component of the broader economic landscape.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Federal Housing Finance Agency (FHFA) using a repeat-sales methodology.
Q: How is this trend used in economic policy?
A: The Home Price Index (High Tier) is used by real estate investors, housing market analysts, and policymakers to monitor the state of the high-end housing market and its impact on the broader economy.
Q: Are there update delays or limitations?
A: The index is published on a quarterly basis, so there may be a delay in the most recent data.
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Citation
U.S. Federal Reserve, Home Price Index (High Tier) for New York, New York (NYXRHTSA), retrieved from FRED.