All-Transactions House Price Index for Alabama
ALSTHPI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
521.91
Year-over-Year Change
20.80%
Date Range
1/1/1975 - 1/1/2025
Summary
The All-Transactions House Price Index for Alabama tracks changes in the average sales price of homes in the state. This metric is widely used by economists, policymakers, and real estate analysts to monitor housing market 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 All-Transactions House Price Index measures the average price of single-family homes, townhomes, and condominiums sold in Alabama. It is a valuable indicator of housing affordability and the overall health of the state's real estate market.
Methodology
The index is calculated by the Federal Housing Finance Agency based on home sales data.
Historical Context
This housing price index is closely watched for insights into consumer spending, mortgage lending, and economic growth in Alabama.
Key Facts
- Alabama's home prices have risen by over 50% in the past decade.
- The state's housing market has outperformed the national average in recent years.
- Homeownership rates in Alabama are slightly below the U.S. average.
FAQs
Q: What does this economic trend measure?
A: The All-Transactions House Price Index for Alabama tracks the average sales price of homes across the state, providing a comprehensive measure of housing market conditions.
Q: Why is this trend relevant for users or analysts?
A: This housing price index is a crucial indicator for understanding consumer spending, mortgage lending, and overall economic growth in Alabama.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Housing Finance Agency based on home sales data.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this index to assess the affordability of housing and the health of Alabama's real estate market, which has implications for consumer behavior and broader economic conditions.
Q: Are there update delays or limitations?
A: The All-Transactions House Price Index for Alabama is updated quarterly, with a slight delay in data availability.
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Citation
U.S. Federal Reserve, All-Transactions House Price Index for Alabama (ALSTHPI), retrieved from FRED.