Distressed Sales and the FHFA House Price Index

William Doerner and Andrew Leventis (aleventis@ncua.gov)

No 13-01, FHFA Staff Working Papers from Federal Housing Finance Agency

Abstract: Trends in residential house values can be expressed by changes in House Price Indexes (HPIs). HPIs are based on observed prices and help guide real estate activities. Since the recent housing crash, distressed sales have increased in numbers and have led to concerns about their effects on market valuations. This paper explores the extent to which distressed sales can be identified in transactions data and how they affect HPIs.

Keywords: property value; house price index; repeat sales; distressed sales (search for similar items in EconPapers)
JEL-codes: C43 R30 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2013-08
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in Journal of Housing Research, 2015, volume 24, number 2, pages 127-146

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Related works:
Journal Article: Distressed Sales and the FHFA House Price Index (2015)
Working Paper: Distressed Sales and the FHFA House Price Index (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:hfa:wpaper:13-01

DOI: 10.5555/1052-7001.24.2.127

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