All-Transactions House Price Index for Gary, IN (MSAD)
ATNHPIUS23844Q • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
281.24
Year-over-Year Change
22.99%
Date Range
7/1/1978 - 10/1/2024
Summary
The All-Transactions House Price Index for Gary, IN (MSAD) tracks changes in the average sale price of single-family homes in the Gary, Indiana metropolitan statistical area. This metric is widely used by economists and policymakers to monitor local housing market conditions.
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 home sales, including new and existing homes. It is a key indicator of housing affordability and market activity in the Gary, IN metropolitan area.
Methodology
The index is calculated by the Federal Housing Finance Agency using data on actual home sales prices and assessments.
Historical Context
Trends in this index are closely watched by real estate investors, mortgage lenders, and policymakers to understand the local housing market.
Key Facts
- The index uses 2000 as its base year of 100.
- Prices in the Gary, IN metro peaked in 2007 before declining during the housing crisis.
- The index helps track housing affordability for local residents.
FAQs
Q: What does this economic trend measure?
A: The All-Transactions House Price Index for Gary, IN measures the average sale price of single-family homes in the local metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of housing market conditions and affordability in the Gary, Indiana region, used by real estate investors, lenders, and policymakers.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Housing Finance Agency using data on actual home sales prices and assessments.
Q: How is this trend used in economic policy?
A: Trends in this index are closely monitored by policymakers to understand local housing market dynamics and their impact on the broader economy.
Q: Are there update delays or limitations?
A: The index is updated quarterly, with a short lag time. It may not capture all home sales, particularly in smaller or less active markets.
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Citation
U.S. Federal Reserve, All-Transactions House Price Index for Gary, IN (MSAD) (ATNHPIUS23844Q), retrieved from FRED.