What is it and why does it matter?

This index provides quarterly estimates of housing value changes using sales prices and appraisal data. For this dataset, the Detroit Metropolitan Statistical Area (MSA) is split into its Metropolitan Divisions (MSAD); the Warren-Troy-Farmington Hills MSAD includes Lapeer, Livingston, Macomb, Oakland, and St Clair counties, while the Detroit-Dearborn-Livonia MSAD represents Wayne county. The default view shows the 12-month percent change, but the index values are available too. Residential property is important to numerous stakeholders. Homeownership is the largest single asset for most residents. Owning a home creates a multiplier effect that helps local industries grow (e.g, construction, landscaping, real estate agents, and household services). Residential property is important to local government too, for it makes up more than 70 percent of Southeast Michigan's property tax base.

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