All-Transactions House Price Index for Elkhart-Goshen, IN (MSA)
ATNHPIUS21140Q • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
288.51
Year-over-Year Change
17.19%
Date Range
10/1/1983 - 1/1/2025
Summary
The All-Transactions House Price Index for Elkhart-Goshen, IN (MSA) measures changes in the average price of single-family homes in the Elkhart-Goshen metropolitan area. This metric is important for tracking local housing market trends and evaluating affordability for policymakers and economists.
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 average sale price of single-family homes in the Elkhart-Goshen, Indiana metropolitan statistical area (MSA). This index is a key indicator of housing market conditions and can provide insights into local economic and demographic trends.
Methodology
The data is collected through surveys of real estate transactions and calculated using a repeat-sales methodology.
Historical Context
This index is used by policymakers, researchers, and real estate professionals to analyze housing market dynamics and inform decisions.
Key Facts
- The index has a base year of 2021 Q1 = 100.
- Elkhart-Goshen is a metropolitan area in northern Indiana.
- House prices in this region have been rising steadily in recent years.
FAQs
Q: What does this economic trend measure?
A: The All-Transactions House Price Index for Elkhart-Goshen, IN (MSA) measures the average sale price of single-family homes in the Elkhart-Goshen metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the local housing market and can be used to track affordability, evaluate economic conditions, and inform real estate and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of real estate transactions and calculated using a repeat-sales methodology.
Q: How is this trend used in economic policy?
A: Policymakers, researchers, and real estate professionals use this index to analyze housing market dynamics and inform decisions related to economic development, urban planning, and affordable housing policies.
Q: Are there update delays or limitations?
A: The index is updated quarterly, with a typical delay of several weeks after the end of the reference period.
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Citation
U.S. Federal Reserve, All-Transactions House Price Index for Elkhart-Goshen, IN (MSA) (ATNHPIUS21140Q), retrieved from FRED.