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.
