| Documentation: | House Price Index 2012 |
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Publisher: Federal Housing Finance Agency House Price Index (HPI)
Survey: House Price Index 2012
| Document: | House Price Index Technical Documentation |
| citation: | Social Explorer; Federal Housing Finance Agency House Price Index (HPI). |
House Price Index Technical Documentation
The index numbers alone (for census divisions and U.S., individual states, and MSAs) do not have significance. They have meaning in relation to previous or future index numbers, because you can use them to calculate appreciation rates using the formula below.
To calculate appreciation between any 2 quarters, use the formula:
(QUARTER 2 INDEX NUMBER - QUARTER 1 INDEX NUMBER) / QUARTER 1 INDEX NUMBER
You can generate annual numbers by taking the four quarter average for each year or monthly numbers by finding the difference between two months.
To calculate appreciation between any 2 quarters, use the formula:
(QUARTER 2 INDEX NUMBER - QUARTER 1 INDEX NUMBER) / QUARTER 1 INDEX NUMBER
You can generate annual numbers by taking the four quarter average for each year or monthly numbers by finding the difference between two months.
