Midwest Home Price Index
Definition:
The Midwest Home Price Index is calculated by taking the arithmetic mean of the Case Shiller Home Price index for the four Midwest cities of Detroit, Chicago, Minneapolis, and Cleveland. The S&P/Case-Shiller Home Price Indices are calculated monthly using a three-month moving average and published with a two month lag. The index is not seasonally adjusted, and it is deflated by the Consumer Price Index.
Source:
Source-Standard and Poor’s.
Frequency:
TBD Increasing home prices in the Midwest increases the amount of retirees, and Florida is a high destination spot for the Midwest.
