Hi there, as an enlightened wealth institute student, I was taught to watch the HPI - Housing Price Index for spotting trends in real estate investing and determing what markets may be the best ones to go after across America! It certainly brought me to start investing in the las Vegas Foreclosure market!
Here are some great excerpts from the OFHEO Press Release from May 2008:
Are foreclosure sales included in the OFHEO HPI?
Transactions that merely represent title transfers to lenders will not appear in the OFHEO data.
Once lenders take possession of foreclosed properties, however, the subsequent sale to the public
can appear in the OFHEO data. As with any other property sale, the sales information will be in
OFHEO’s data if the buyer purchases the property with a loan that is bought or guaranteed by the
Enterprises.
How are the monthly House Price Indexes calculated?
The monthly indexes are calculated in the same way as the quarterly indexes are constructed,
except transactions from the same quarter are no longer aggregated. To construct the quarterly
index, all transactions from the same quarter are aggregated and index values are estimating using
the assigned quarters. In the monthly indexing model, all transactions for the same month are
aggregated and separate index values are estimated for each month.
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