The Home Price Index (HPI) measures changes in the price of residential properties over time. It tracks the price movements of homes, providing insights into market trends and helping buyers, sellers, and investors make informed decisions. The index is often calculated using data from property sales, taking into account factors like location, size, and property type. The HPI is an important tool for understanding the real estate market's health. It can indicate whether home prices are rising or falling, which can influence economic policies and investment strategies. Various organizations, including government agencies and private firms, regularly publish HPI data to keep the public informed.