House Price Index (HPI) Data Subscription 9531CB25R0004

The CFPB requires a contractor to provide a subscription to historical and current house price indices data where the Bureau can obtain data on current and historical trends for singlefamily home prices at various geographic levels and for different transaction types and tiers. A house price index (HPI) is a broad measurement of the price movement of certain types of residential properties. Typically, it is estimated over certain geographic areas over a historical time. It provides valuable information regarding the trend and volatility of house prices over that period. A reliable house price index can help users better understand the dynamics of housing markets, its past performance and recent market conditions. Paired with micro level housing transaction or mortgage data, it can also allow users to dynamically estimate the equity position of the homeowners.