Definition
The House Price Index measures changes in residential property prices over time within a country or region, providing insights into the real estate market’s health.
Related Services
Used in mortgage lending, real estate appraisal, investment analysis, and economic forecasting.
Problem and Application
Fluctuations in HPI affect affordability, consumer wealth, and financial stability. Real estate investors, banks, and policymakers use HPI to make decisions on lending, investment, and housing policy.
Conclusion
HPI is a vital indicator of the housing market, influencing investment decisions, policy formulation, and consumer confidence in the real estate sector.
