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House Price Index

Name: House Price Index
Creator: TipRanks

The House Price Index (HPI) in the USA measures the changes in the price of residential properties across the country. It is a crucial indicator of the real estate market's health and can influence consumer wealth and spending, as well as lending and borrowing conditions. The HPI is significant for the economy and financial markets because it affects household wealth, mortgage-backed securities, and can signal broader economic trends. A rising HPI may indicate economic growth and increased consumer confidence, while a declining HPI could signal economic challenges.