Other Financial Information: Estimated Market Value of Owned Home by Housing Tenure: Home Owner
CXU800721LB1702M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
449,424.00
Year-over-Year Change
92.92%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures the estimated market value of owned homes for homeowners in the United States. It provides important insights into the housing market and household wealth.
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 Estimated Market Value of Owned Home by Housing Tenure: Home Owner metric tracks the average perceived value of owner-occupied homes. This data point is a key indicator of household net worth and helps analysts understand broader trends in the housing sector.
Methodology
The data is collected through surveys of homeowners.
Historical Context
This metric is closely watched by policymakers, real estate analysts, and economists to assess the health of the housing market and consumer balance sheets.
Key Facts
- The average estimated market value of an owner-occupied home was $298,700 in Q1 2023.
- Home values have risen over 40% since the start of the COVID-19 pandemic.
- Homeowner equity reached a record high of $27.8 trillion in Q1 2023.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the average perceived market value of owner-occupied homes in the United States.
Q: Why is this trend relevant for users or analysts?
A: Home values are a key indicator of household wealth and consumer balance sheets, making this data point highly relevant for policymakers, real estate analysts, and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of homeowners.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this metric to assess the health of the housing market and make informed decisions regarding fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is updated quarterly and may be subject to revisions.
Related Trends
Consumer Unit Characteristics: Percent Homeowner without Mortgage by Occupation: Total Wage and Salary Earners
CXU980240LB1203M
Expenditures: Vehicle Purchases: Cars and Trucks, New by Occupation: Retired
CXUNEWCARSLB1209M
Expenditures: Tobacco Products and Smoking Supplies by Education: Master's, Professional, Doctorate
CXUTOBACCOLB1309M
Expenditures: Other Lodging by Age: Age 75 or over
CXUOTHLODGELB0409M
Expenditures: Apparel, Boys, 2 to 15 by Composition of Consumer Unit: Total Married Couple Consumer Units
CXUBOYSLB0602M
Expenditures: Apparel, Men and Boys by Occupation: Wage and Salary Earners: Operators, Fabricators and Laborers
CXUMENBOYSLB1208M
Citation
U.S. Federal Reserve, Other Financial Information: Estimated Market Value of Owned Home by Housing Tenure: Home Owner (CXU800721LB1702M), retrieved from FRED.