Data Source
This project uses data of different economic indicators that are available on the Federal Reserve Bank of St. This includes, The Homeownership rate in the United States, Median Sales Price of Houses Sold for the United State, Personal Saving Rate, Unemployment Rate, and Federal Funds Effective Rate. You can
Homeownership Rate in the United States: Homeownership Rate in the United States is one of the International Monetary Federal Reserve Bank of St. has been collecting this data since January 1965.
Median Sales Price of Houses Sold for the United State:The Median Sales Price of Houses Sold for the United States measures the midpoint of the prices of homes that were sold during a specific period of time in the United States. This is an important indicator of the health of the housing market and reflects the overall price trends for homes in the country.The Median Sales Price of Houses Sold for the United States is reported by the National Association of Realtors (NAR) and is used by economists, policymakers, and real estate professionals to analyze trends in the housing market and to help inform decisions related to buying and selling homes.
Personal Saving Rate: Personal saving as a percentage of disposable personal income (DPI), frequently referred to as "the personal saving rate," is calculated as the ratio of personal saving to DPI. Personal saving is equal to personal income less personal outlays and personal taxes; it may generally be viewed as the portion of personal income that is used either to provide funds to capital markets or to invest in real assets such as residence
Unemployment Rate: The unemployment rate represents the number of unemployed as a percentage of the labor force. Labor force data are restricted to people 16 years of age and older, who currently reside in 1 of the 50 states or the District of Columbia, who do not reside in institutions (e.g., penal and mental facilities, homes for the aged), and who are not on active duty in the Armed Forces.
Federal Funds Effective Rate: The federal funds rate is the central interest rate in the U.S. financial market. It influences other interest rates such as the prime rate, which is the rate banks charge their customers with higher credit ratings. Additionally, the federal funds rate indirectly influences longer- term interest rates such as mortgages, loans, and savings, all of which are very important to consumer wealth and confidence