{
 "id": "us-houses",
 "name": "House prices, y/y",
 "region": "us",
 "layer": "cycle",
 "unit": "%",
 "cadence": "quarterly",
 "state": "watch",
 "qualifier": "0.6 pp above",
 "threshold": {
  "label": "\u003c 0 for 2 quarters",
  "op": "lt",
  "value": 0
 },
 "distance": 0.557242,
 "score": 53.5,
 "latest": {
  "period": "2026-01-01",
  "value": 0.557242
 },
 "stale": false,
 "trend": "falling",
 "publisher": "Bank for International Settlements, from the FHFA all-transactions index",
 "series_code": "WS_SPP Q.US.N.628",
 "licence": "BIS terms of use: free reuse with attribution",
 "description": "Nominal residential property prices, all dwellings, as a change over four quarters, from the BIS's selected series, which restate the FHFA all-transactions index on a common base. Housing is the largest asset households own and the collateral behind most private credit, so a year-on-year fall in prices marks the point at which a slowdown reaches balance sheets. The series was added in September 2026 after an outside review.",
 "points": [
  {
   "period": "1971-01-01",
   "value": 6.452193
  },
  {
   "period": "1971-04-01",
   "value": 8.538785
  },
  {
   "period": "1971-07-01",
   "value": 8.019906
  },
  {
   "period": "1971-10-01",
   "value": 9.229912
  },
  {
   "period": "1972-01-01",
   "value": 6.645269
  },
  {
   "period": "1972-04-01",
   "value": 6.780644
  },
  {
   "period": "1972-07-01",
   "value": 7.731897
  },
  {
   "period": "1972-10-01",
   "value": 7.500042
  },
  {
   "period": "1973-01-01",
   "value": 11.913794
  },
  {
   "period": "1973-04-01",
   "value": 11.439527
  },
  {
   "period": "1973-07-01",
   "value": 12.071857
  },
  {
   "period": "1973-10-01",
   "value": 12.000311
  },
  {
   "period": "1974-01-01",
   "value": 9.889373
  },
  {
   "period": "1974-04-01",
   "value": 9.395915
  },
  {
   "period": "1974-07-01",
   "value": 9.49983
  },
  {
   "period": "1974-10-01",
   "value": 7.889875
  },
  {
   "period": "1975-01-01",
   "value": 8.106569
  },
  {
   "period": "1975-04-01",
   "value": 9.065035
  },
  {
   "period": "1975-07-01",
   "value": 8.132862
  },
  {
   "period": "1975-10-01",
   "value": 9.469429
  },
  {
   "period": "1976-01-01",
   "value": 3.751223
  },
  {
   "period": "1976-04-01",
   "value": 4.179572
  },
  {
   "period": "1976-07-01",
   "value": 4.905296
  },
  {
   "period": "1976-10-01",
   "value": 7.195446
  },
  {
   "period": "1977-01-01",
   "value": 14.76579
  },
  {
   "period": "1977-04-01",
   "value": 16.321466
  },
  {
   "period": "1977-07-01",
   "value": 17.571989
  },
  {
   "period": "1977-10-01",
   "value": 16.193606
  },
  {
   "period": "1978-01-01",
   "value": 16.309775
  },
  {
   "period": "1978-04-01",
   "value": 14.896229
  },
  {
   "period": "1978-07-01",
   "value": 15.459557
  },
  {
   "period": "1978-10-01",
   "value": 15.481075
  },
  {
   "period": "1979-01-01",
   "value": 15.674511
  },
  {
   "period": "1979-04-01",
   "value": 16.882844
  },
  {
   "period": "1979-07-01",
   "value": 16.397532
  },
  {
   "period": "1979-10-01",
   "value": 17.144119
  },
  {
   "period": "1980-01-01",
   "value": 14.674751
  },
  {
   "period": "1980-04-01",
   "value": 11.162688
  },
  {
   "period": "1980-07-01",
   "value": 10.649393
  },
  {
   "period": "1980-10-01",
   "value": 9.133043
  },
  {
   "period": "1981-01-01",
   "value": 8.712601
  },
  {
   "period": "1981-04-01",
   "value": 8.653875
  },
  {
   "period": "1981-07-01",
   "value": 6.268351
  },
  {
   "period": "1981-10-01",
   "value": 5.324272
  },
  {
   "period": "1982-01-01",
   "value": 3.793343
  },
  {
   "period": "1982-04-01",
   "value": 2.770885
  },
  {
   "period": "1982-07-01",
   "value": 1.910063
  },
  {
   "period": "1982-10-01",
   "value": 1.371493
  },
  {
   "period": "1983-01-01",
   "value": 2.068611
  },
  {
   "period": "1983-04-01",
   "value": 3.153739
  },
  {
   "period": "1983-07-01",
   "value": 4.493708
  },
  {
   "period": "1983-10-01",
   "value": 5.099651
  },
  {
   "period": "1984-01-01",
   "value": 5.209278
  },
  {
   "period": "1984-04-01",
   "value": 5.232174
  },
  {
   "period": "1984-07-01",
   "value": 5.359338
  },
  {
   "period": "1984-10-01",
   "value": 4.753029
  },
  {
   "period": "1985-01-01",
   "value": 4.782322
  },
  {
   "period": "1985-04-01",
   "value": 5.709686
  },
  {
   "period": "1985-07-01",
   "value": 5.037144
  },
  {
   "period": "1985-10-01",
   "value": 6.332399
  },
  {
   "period": "1986-01-01",
   "value": 7.203388
  },
  {
   "period": "1986-04-01",
   "value": 6.925276
  },
  {
   "period": "1986-07-01",
   "value": 8.462227
  },
  {
   "period": "1986-10-01",
   "value": 8.074024
  },
  {
   "period": "1987-01-01",
   "value": 9.427125
  },
  {
   "period": "1987-04-01",
   "value": 9.719667
  },
  {
   "period": "1987-07-01",
   "value": 9.596159
  },
  {
   "period": "1987-10-01",
   "value": 10.088707
  },
  {
   "period": "1988-01-01",
   "value": 8.237745
  },
  {
   "period": "1988-04-01",
   "value": 8.536684
  },
  {
   "period": "1988-07-01",
   "value": 9.158281
  },
  {
   "period": "1988-10-01",
   "value": 9.720914
  },
  {
   "period": "1989-01-01",
   "value": 10.329955
  },
  {
   "period": "1989-04-01",
   "value": 9.255243
  },
  {
   "period": "1989-07-01",
   "value": 7.748582
  },
  {
   "period": "1989-10-01",
   "value": 6.410935
  },
  {
   "period": "1990-01-01",
   "value": 5.630413
  },
  {
   "period": "1990-04-01",
   "value": 4.196563
  },
  {
   "period": "1990-07-01",
   "value": 2.536018
  },
  {
   "period": "1990-10-01",
   "value": 0.781313
  },
  {
   "period": "1991-01-01",
   "value": -1.318675
  },
  {
   "period": "1991-04-01",
   "value": -0.748678
  },
  {
   "period": "1991-07-01",
   "value": -0.815154
  },
  {
   "period": "1991-10-01",
   "value": -0.610775
  },
  {
   "period": "1992-01-01",
   "value": 0.341715
  },
  {
   "period": "1992-04-01",
   "value": -0.548833
  },
  {
   "period": "1992-07-01",
   "value": -0.362965
  },
  {
   "period": "1992-10-01",
   "value": 0.186639
  },
  {
   "period": "1993-01-01",
   "value": 0.275413
  },
  {
   "period": "1993-04-01",
   "value": 0.957026
  },
  {
   "period": "1993-07-01",
   "value": 1.797876
  },
  {
   "period": "1993-10-01",
   "value": 2.434078
  },
  {
   "period": "1994-01-01",
   "value": 2.436048
  },
  {
   "period": "1994-04-01",
   "value": 2.525752
  },
  {
   "period": "1994-07-01",
   "value": 2.303718
  },
  {
   "period": "1994-10-01",
   "value": 1.815058
  },
  {
   "period": "1995-01-01",
   "value": 1.857406
  },
  {
   "period": "1995-04-01",
   "value": 1.924149
  },
  {
   "period": "1995-07-01",
   "value": 2.346759
  },
  {
   "period": "1995-10-01",
   "value": 2.425916
  },
  {
   "period": "1996-01-01",
   "value": 2.938912
  },
  {
   "period": "1996-04-01",
   "value": 3.004593
  },
  {
   "period": "1996-07-01",
   "value": 2.659938
  },
  {
   "period": "1996-10-01",
   "value": 2.780641
  },
  {
   "period": "1997-01-01",
   "value": 2.744949
  },
  {
   "period": "1997-04-01",
   "value": 3.054484
  },
  {
   "period": "1997-07-01",
   "value": 3.746059
  },
  {
   "period": "1997-10-01",
   "value": 4.64387
  },
  {
   "period": "1998-01-01",
   "value": 5.872346
  },
  {
   "period": "1998-04-01",
   "value": 6.210901
  },
  {
   "period": "1998-07-01",
   "value": 6.77373
  },
  {
   "period": "1998-10-01",
   "value": 7.179371
  },
  {
   "period": "1999-01-01",
   "value": 6.699337
  },
  {
   "period": "1999-04-01",
   "value": 7.376554
  },
  {
   "period": "1999-07-01",
   "value": 7.583981
  },
  {
   "period": "1999-10-01",
   "value": 7.855067
  },
  {
   "period": "2000-01-01",
   "value": 8.833049
  },
  {
   "period": "2000-04-01",
   "value": 9.466413
  },
  {
   "period": "2000-07-01",
   "value": 9.675771
  },
  {
   "period": "2000-10-01",
   "value": 9.807057
  },
  {
   "period": "2001-01-01",
   "value": 9.731903
  },
  {
   "period": "2001-04-01",
   "value": 8.868023
  },
  {
   "period": "2001-07-01",
   "value": 8.596409
  },
  {
   "period": "2001-10-01",
   "value": 7.943
  },
  {
   "period": "2002-01-01",
   "value": 7.331322
  },
  {
   "period": "2002-04-01",
   "value": 8.217527
  },
  {
   "period": "2002-07-01",
   "value": 8.912777
  },
  {
   "period": "2002-10-01",
   "value": 9.3045
  },
  {
   "period": "2003-01-01",
   "value": 9.541679
  },
  {
   "period": "2003-04-01",
   "value": 9.05346
  },
  {
   "period": "2003-07-01",
   "value": 9.425468
  },
  {
   "period": "2003-10-01",
   "value": 10.76169
  },
  {
   "period": "2004-01-01",
   "value": 12.236979
  },
  {
   "period": "2004-04-01",
   "value": 14.231941
  },
  {
   "period": "2004-07-01",
   "value": 14.783213
  },
  {
   "period": "2004-10-01",
   "value": 15.331761
  },
  {
   "period": "2005-01-01",
   "value": 16.146501
  },
  {
   "period": "2005-04-01",
   "value": 16.135809
  },
  {
   "period": "2005-07-01",
   "value": 16.20389
  },
  {
   "period": "2005-10-01",
   "value": 15.098529
  },
  {
   "period": "2006-01-01",
   "value": 12.608642
  },
  {
   "period": "2006-04-01",
   "value": 7.553883
  },
  {
   "period": "2006-07-01",
   "value": 3.183725
  },
  {
   "period": "2006-10-01",
   "value": 0.377672
  },
  {
   "period": "2007-01-01",
   "value": -2.413592
  },
  {
   "period": "2007-04-01",
   "value": -4.640774
  },
  {
   "period": "2007-07-01",
   "value": -6.571861
  },
  {
   "period": "2007-10-01",
   "value": -9.543678
  },
  {
   "period": "2008-01-01",
   "value": -12.216691
  },
  {
   "period": "2008-04-01",
   "value": -13.613337
  },
  {
   "period": "2008-07-01",
   "value": -15.10848
  },
  {
   "period": "2008-10-01",
   "value": -16.805875
  },
  {
   "period": "2009-01-01",
   "value": -15.951348
  },
  {
   "period": "2009-04-01",
   "value": -11.975464
  },
  {
   "period": "2009-07-01",
   "value": -7.633273
  },
  {
   "period": "2009-10-01",
   "value": -2.059244
  },
  {
   "period": "2010-01-01",
   "value": -0.053806
  },
  {
   "period": "2010-04-01",
   "value": 0.271817
  },
  {
   "period": "2010-07-01",
   "value": -2.139924
  },
  {
   "period": "2010-10-01",
   "value": -3.549471
  },
  {
   "period": "2011-01-01",
   "value": -4.317019
  },
  {
   "period": "2011-04-01",
   "value": -4.100824
  },
  {
   "period": "2011-07-01",
   "value": -1.648706
  },
  {
   "period": "2011-10-01",
   "value": -0.892015
  },
  {
   "period": "2012-01-01",
   "value": 1.731677
  },
  {
   "period": "2012-04-01",
   "value": 3.761552
  },
  {
   "period": "2012-07-01",
   "value": 5.444583
  },
  {
   "period": "2012-10-01",
   "value": 7.880149
  },
  {
   "period": "2013-01-01",
   "value": 9.608696
  },
  {
   "period": "2013-04-01",
   "value": 9.651241
  },
  {
   "period": "2013-07-01",
   "value": 10.191721
  },
  {
   "period": "2013-10-01",
   "value": 9.887407
  },
  {
   "period": "2014-01-01",
   "value": 8.601539
  },
  {
   "period": "2014-04-01",
   "value": 6.54468
  },
  {
   "period": "2014-07-01",
   "value": 5.303093
  },
  {
   "period": "2014-10-01",
   "value": 4.894158
  },
  {
   "period": "2015-01-01",
   "value": 4.853543
  },
  {
   "period": "2015-04-01",
   "value": 5.380228
  },
  {
   "period": "2015-07-01",
   "value": 5.491496
  },
  {
   "period": "2015-10-01",
   "value": 5.448844
  },
  {
   "period": "2016-01-01",
   "value": 5.378909
  },
  {
   "period": "2016-04-01",
   "value": 5.344936
  },
  {
   "period": "2016-07-01",
   "value": 5.31329
  },
  {
   "period": "2016-10-01",
   "value": 5.384615
  },
  {
   "period": "2017-01-01",
   "value": 5.528708
  },
  {
   "period": "2017-04-01",
   "value": 5.848068
  },
  {
   "period": "2017-07-01",
   "value": 5.998087
  },
  {
   "period": "2017-10-01",
   "value": 6.033634
  },
  {
   "period": "2018-01-01",
   "value": 6.236971
  },
  {
   "period": "2018-04-01",
   "value": 5.961216
  },
  {
   "period": "2018-07-01",
   "value": 5.402341
  },
  {
   "period": "2018-10-01",
   "value": 4.633426
  },
  {
   "period": "2019-01-01",
   "value": 3.831092
  },
  {
   "period": "2019-04-01",
   "value": 3.660399
  },
  {
   "period": "2019-07-01",
   "value": 3.841521
  },
  {
   "period": "2019-10-01",
   "value": 4.488867
  },
  {
   "period": "2020-01-01",
   "value": 5.239707
  },
  {
   "period": "2020-04-01",
   "value": 5.072031
  },
  {
   "period": "2020-07-01",
   "value": 7.164162
  },
  {
   "period": "2020-10-01",
   "value": 9.522102
  },
  {
   "period": "2021-01-01",
   "value": 11.326481
  },
  {
   "period": "2021-04-01",
   "value": 15.587171
  },
  {
   "period": "2021-07-01",
   "value": 16.71921
  },
  {
   "period": "2021-10-01",
   "value": 16.899604
  },
  {
   "period": "2022-01-01",
   "value": 18.061982
  },
  {
   "period": "2022-04-01",
   "value": 15.896184
  },
  {
   "period": "2022-07-01",
   "value": 10.630995
  },
  {
   "period": "2022-10-01",
   "value": 6.875569
  },
  {
   "period": "2023-01-01",
   "value": 3.655436
  },
  {
   "period": "2023-04-01",
   "value": 2.188327
  },
  {
   "period": "2023-07-01",
   "value": 4.62727
  },
  {
   "period": "2023-10-01",
   "value": 5.435932
  },
  {
   "period": "2024-01-01",
   "value": 5.330892
  },
  {
   "period": "2024-04-01",
   "value": 4.756566
  },
  {
   "period": "2024-07-01",
   "value": 3.730388
  },
  {
   "period": "2024-10-01",
   "value": 3.472712
  },
  {
   "period": "2025-01-01",
   "value": 2.703059
  },
  {
   "period": "2025-04-01",
   "value": 1.948323
  },
  {
   "period": "2025-07-01",
   "value": 1.359822
  },
  {
   "period": "2025-10-01",
   "value": 0.933454
  },
  {
   "period": "2026-01-01",
   "value": 0.557242
  }
 ],
 "url": "https://worldstat.us/indicator/us-houses"
}