Radian Home Price Index (HPI)

The Next Generation of Home Price Analysis

Powered by unparalleled data and artificial intelligence, the Radian Home Price Index, provided by our Red Bell Real Estate, LLC subsidiary, offers a level of detail and insight that is unmatched in the industry. Explore more below.

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Why We're Better

View housing trends faster with the Radian HPI

Speed to Market
Offers results weeks earlier than other indices - days after month's end.
Custom Indices
Creates highly specific indices from the broadest set of attributes and dimensions.
Advanced Methodologies
Driven by artificial intelligence and machine learning to empower the best results.
Complete View
Leverages real estate data on the entire U.S. housing stock as opposed to sales pairs or sample populations.

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Experience the power of the Radian HPI

The analyses, valuations, estimates and forecasts in this document are not intended to constitute representations or guaranties regarding the information provided herein, and they do not constitute a recommendation, forecast or an opinion as to whether or what price a transaction should occur and/or loans or real estate or other assets should be purchased, sold or held now or in the future. The information in this document is provided on an “as is” basis, with no warranties of any kind whatsoever. Radian Group Inc. and its subsidiaries, including Red Bell Real Estate, LLC, shall have no liability to any party for any claim related to any information contained in this document. This document may not be reproduced, distributed to unauthorized parties or used for commercial purposes.

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The Impacts of AI on Modern Home Price Indices

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U.S. Home Price Appreciation Increases Again, Radian Home Price Index Reports

After a strong finish to the first half of 2021, home prices across the United States rose at an even faster pace in July as compared to June.

Housing Market Update: 2021 Mid-Year Review

Despite a challenging year during which the economy continues to recover from the impacts of the COVID-19 pandemic, the real estate market had a strong performance first half of 2021.

Faces of Data & Analytics

Meet the Faces of Data & Analytics

Leaders of Radian’s Data & Analytics team share their insights on technologies and tools driving rapid change in the real estate ecosystem.

U.S. Home Prices End First Half of Year on Even Stronger Note, Radian Home Price Index Reveals

Home prices across the United States rose in the first half of 2021 at an annualized rate of 10.7 percent, according to the Radian Home Price Index (HPI).

U.S. Home Prices Gains Higher Compared to Prior Month, Radian Home Price Index Reveals

Home prices across the United States rose at an annualized rate of 11.5 percent in May 2021 from April 2021, according to Radian Home Price Index (HPI) data.

Brena Nath and Steve Gaenzler

2020 Is Still Shaping How We Use Real Estate Data

HW+ Managing Editor Brena Nath and Steve Gaenzler, Radian's SVP of Data and Analytics, discuss insights from the Radian Home Price Index.

Annual Home Price Appreciation at Highest Levels Since Before COVID Lockdowns Began

Home prices in the U.S. rose again in April, albeit at a slightly lower rate than recorded in the prior month, according to Radian Home Price Index (HPI) data.

U.S. Home Prices End First Quarter on Very Strong Note, Radian Home Price Index Reveals

Home prices across the United States rose in the first three months of the year at an annualized rate of 9.3 percent, according to Radian Home Price Index (HPI) data released today by Red Bell Real Estate, LLC, a Radian Group Inc. company (NYSE: RDN).

U.S. Winter Season Maintains Fall Season Strength

In February, home prices across the United States rose at a faster pace than the month prior (January 2021) and continued to appreciate at higher than 2020 average monthly rates. 

aerial view of neighborhood with microphone icon

Podcast: 2020 Home Prices Year-in-Review

Dive deeper into 2020 real estate market trends with a year-in-review of data from the Radian HPI.

2020 U.S. Home Prices: A Bright Spot in a Dark Year

2020 will go down in the history books for many reasons, but one bright spot in a year of darkness is the performance of the U.S. residential real estate markets. 

U.S. Home Prices Continue Stronger 2020 Second Half

According to Radian HPI data, home prices across the U.S. rose throughout November 2020 at an annualized rate of +9.8 percent.

Podcast: Home Prices in the Pandemic

Six months into the U.S. COVID-19 pandemic, how is the housing market faring?

Demo: Radian Real Estate Analytical Portal

Learn about the latest advances in housing intelligence, including computer vision artificial intelligence.

The Evolution of Valuations: How Technology is Changing the Landscape

Radian and Fannie Mae discuss how the industry has evolved over recent years and how technology could impact the future.

The Impacts of AI on Modern Home Price Indices

In this complimentary insight report, learn how Artificial Intelligence (AI) and Machine Learning (ML) acting on very large datasets have made it possible to upgrade the home price index.

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Repeat Sales (arithmetic) Repeat Sales (geometric) Median Sale Radian HPI
Index Type Repeat Sales (arithmetic) Repeat sales (geometric) Median Sale Prices Hedonic
Index Description Measure of price changes based on difference in sales price of the same home at two points Measure of price changes based on difference in sales price of the same home at two points Measure of the median price of homes sold in current month Measure of price change based on monthly estimates of entire US housing stock home prices
Observations Included Sales Pairs prices Sales Pairs prices Sale Prices Individual Home Price estimates
Monthly Observations ~ 400,000 ~ 400,000 ~ 500,000 90,000,000
Data Frequency Aggregated (3 mos) Aggregated (3 mos) Monthly Monthly
Index Delivery Delay +45-75 Days +45-90 Days 30 days +15 days
Property and Transaction Exclusions
  • New Construction
  • Condo (limited)
  • Refinances
  • New Construction
  • Condo (limited)
  • Refinances
  • No Mortgage
  • Properties whose liens not purchased by GSE
  • Non-conforming loans
  • Excludes all listed off-market properties - only include property data from current month closed sales
  • No Mortgage
  • Non-conforming loans
  • Properties whose liens not purchased by GSE
  • Refinances
  • Condo (test)
Property Condition Assumes 'no change' over time; uses earlier condition Assumes 'no change' over time; uses earlier condition Uses 'current' condition Always uses 'current' condition of property
Imposed Model Adjustments Model-based weightings (various) Model-based weightings (various) None used None needed
Property Type
  • Single Family
  • Townhome
  • Single Family (detached)
  • Single Family
  • Condo
  • Co-op
  • Single Family
  • Condo
  • Townhome
Most Granular Geography Released on Monthly Basis CBSA CBSA Region Zip code

HPI in Action

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Red Bell Real Estate, LLC and its wholly owned subsidiaries hold real estate licenses in every state and the District of Columbia. Corporate headquarters are located at 7730 South Union Park Avenue, Suite 400, Midvale, UT 84047. Contact Jeff Jonas, real estate broker, 877.500.1415.