House Price Index

The House Price Index (HPI) measures the average change in home prices over time in a specific area or country. It reflects how much property values are rising or falling, providing insight into the housing market’s health. Real estate agents, economists, and policymakers use the HPI to understand trends, make decisions, and evaluate economic conditions. It is typically calculated using data from home sales, considering factors like location, size, and market conditions. Overall, the HPI helps to track whether home values are appreciating or depreciating, offering a valuable indicator of economic stability and consumer confidence in the housing sector.