Resolves as the value of the Case-Shiller New York Home Price Index https://fred.stlouisfed.org/series/NYXRSA for June 2022.
The most recent values are 255.25 for Jan 2022 and 258.37 for Feb 2022.
Background on some factors that are likely important to housing prices:
Interest rates are rising currently as the Fed combats inflation. Rising interest rates typically lead to lower house prices, because by making mortgages more expensive it reduces the affordability of housing. However, this trend may not be holding right now: https://www.nytimes.com/2022/03/31/upshot/home-prices-mortgage-rates.html
The stock market has fallen sharply over the past few months. Housing prices and the stock market have some complex interactions, but they are typically positively correlated. One reason is that as the economy worsens, potential home buyers are less able to afford expensive houses.
There's a shortage in the house building industry due to pandemic-related supply chain problems: https://www.npr.org/2022/03/29/1089174630/housing-shortage-new-home-construction-supply-chain
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