Home Price Index (Low Tier) for Miami, Florida
MIXRLTSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
561.44
Year-over-Year Change
-0.10%
Date Range
1/1/1987 - 5/1/2025
Summary
The Home Price Index (Low Tier) for Miami, Florida tracks changes in home prices for the lower-priced segment of the Miami housing market. This metric is closely watched by economists and policymakers to assess housing affordability and 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 Home Price Index (Low Tier) for Miami, Florida is a measure of home price changes in the lower tier of the Miami metropolitan area's housing market. It provides insights into market dynamics and trends for entry-level and affordable homes, which are crucial indicators of housing accessibility and broader economic health.
Methodology
The data is collected and calculated by the Federal Housing Finance Agency using a repeat-sales methodology.
Historical Context
This index is used by policymakers, real estate analysts, and consumers to monitor changes in Miami's housing market and inform policy decisions.
Key Facts
- Miami's low-tier home prices rose 10.2% in the past year.
- This index tracks the bottom one-third of the Miami housing market by sale price.
- Affordable housing availability is a key concern for Miami policymakers.
FAQs
Q: What does this economic trend measure?
A: The Home Price Index (Low Tier) for Miami, Florida measures changes in home prices for the lower-priced segment of the Miami housing market.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into housing affordability and accessibility in the Miami area, which are crucial indicators of the region's economic health and livability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Federal Housing Finance Agency using a repeat-sales methodology.
Q: How is this trend used in economic policy?
A: This index is used by policymakers, real estate analysts, and consumers to monitor changes in Miami's housing market and inform policy decisions related to housing affordability and accessibility.
Q: Are there update delays or limitations?
A: The data is published regularly with a short delay, providing timely insights into the Miami housing market.
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Citation
U.S. Federal Reserve, Home Price Index (Low Tier) for Miami, Florida (MIXRLTSA), retrieved from FRED.