Briefs, Notes & White Papers

An Approach for Calculating Reliable State and National House Price Statistics

Author:

​​Andrew Leventis, Principal Economist

This Federal Housing Finance Agency (FHFA) research paper describes a technique for producing state and national median and average home price statistics that incorporate less noise than traditional metrics. The approach reflects a candidate methodology for producing average price statistics required under the Housing and Economic Recovery Act. That Act requires that FHFA "establish and maintain" a technique for calculating annual changes in the national average house price for use in adjusting conforming loan limits.