S&P Case-Shiller HPI

HPI stands for Home Price Index. The S&P Case-Shiller HPI covers the monthly changes in the value of residential real estate in 20 metropolitan regions across the United States. The composite indexes and the regional indexes are calculated from single-family home resales done at arms-length with two or more sales transactions. i.e. Only sales that were conducted in an open and free market are measured in the index. Condominiums and co-ops are excluded. These figures are released on the last Tuesday of every month and cover the changes for the period two months prior. For example, January's data is release on the last Tuesday in March. This data is released by Standard and Poor's.

The original 10-city composite of this index includes:

• Greater Boston
• Chicago metropolitan area
• Denver-Aurora Metropolitan Area
• Las Vegas metropolitan area
• Greater Los Angeles
• South Florida metropolitan area
• New York metropolitan area
• San Diego County, California
• San Francisco
• Washington Metropolitan Area

The newer 20-city composite includes:

• Phoenix metropolitan area
• Greater Los Angeles
• San Diego County, California
• San Francisco
• Denver-Aurora Metropolitan Area
• Washington Metropolitan Area
• South Florida metropolitan area
• Tampa Bay Area
• Atlanta metropolitan area
• Chicago metropolitan area
• Greater Boston
• MetroDetroit
• Minneapolis-Saint Paul
• Charlotte metropolitan area
• Las Vegas metropolitan area
• New York metropolitan area
• Greater Cleveland
• Portlandmetropolitan area
• Dallas/Fort Worth Metroplex
• Seattle metropolitan area