Variable | Definition | Assumption | Link |
---|---|---|---|
housing_price_index | Measures the price changes of residential housing. | Dependent variable. | https://fred.stlouisfed.org/series/USSTHPI |
date | Our date column. | ||
season | The seasons of the year: fall, winter, spring, summer. | ||
gross_domestic_product | A monetary measure of the market value of all final goods and services produced in a period. | When this increases, housing_price_index increases. | https://fred.stlouisfed.org/series/GDP |
total_expenditures | Total US government spending. | When this increases, housing_price_index increases. | https://fred.stlouisfed.org/series/W068RCQ027SBEA |
producer_price_index | A price index that measures the average change in prices received by domestic producers for their output. | When this increases, housing_price_index increases. | https://fred.stlouisfed.org/series/PPIACO |
total_unemployed | Total number of unemployed people. | When this increases, housing_price_index decreases. | https://fred.stlouisfed.org/series/U6RATE |
more_than_15_weeks | Number of people unemployed for more than 15 weeks. | When this increases, housing_price_index decreases. | https://fred.stlouisfed.org/series/UEMP15OV |
not_in_labor_searched_for_work | Number of people not in labor force but searched for work and are available for hire. | When this increases, housing_price_index decreases. | https://fred.stlouisfed.org/series/LNU05026642 |
multi_jobs | Number of people with multiple jobs. | When this increases, housing_price_index decreases. | https://fred.stlouisfed.org/series/LNS12026620 |
leavers | Number of people who voluntarily quit one job and are actively seeking employment elsewhere. | When this increases, housing_price_index decreases. | https://fred.stlouisfed.org/series/LNS13023705 |
losers | Number of people who've been involuntarily terminated from a job. | When this increases, housing_price_index decreases. | https://fred.stlouisfed.org/series/U2RATE |
federal_funds_rate | The interest rate at which banks lend reserve balances to other banks overnight. This is a measure for short-term interest rates. | When this increases, housing_price_index decreases. | https://fred.stlouisfed.org/series/FEDFUNDS |
sp500 (S&P 500) | An American stock market index based on the market capitalizations of 500 large companies having common stock listed on the NYSE or NASDAQ. | When this increases, housing_price_index increases. | http://www.irrationalexuberance.com/main.html?src=%2F |
consumer_price_index | Measures changes in the price level of a market basket of consumer goods and services purchased by households. | When this increases, housing_price_index increases. | http://www.irrationalexuberance.com/main.html?src=%2F |
long_interest_rate | Long-term interest rates refer to the yield on 10 year bonds. | When this increases, housing_price_index decreases. | http://www.irrationalexuberance.com/main.html?src=%2F |
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Housing Price Index Regression
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