FHFA House Price Index
Definition
A repeat-sales home-price index based on mortgages backed by Fannie Mae and Freddie Mac, covering conforming loans nationwide.
Why investors care
It is a broad national price gauge that, unlike Case-Shiller, focuses on the conforming-loan market and all metros.
What to watch
Because it excludes cash and jumbo deals, it can diverge from Case-Shiller at the high end of the market.