Anaheim-Santa Ana-Irvine, CA (MSAD) Federal Housing Finance Agency Home Price Index (FHFA HPI)

The Anaheim-Santa Ana-Irvine, CA Federal Housing Finance Agency (FHFA) house price index (HPI) is a weighted, repeat-sales index measuring average price changes in single-family houses in the metropolitan area. The HPI is a broad measure of the movement of single-family house prices and covers both new and existing houses.

The FHFA HPI for Anaheim-Santa Ana-Irvine, CA was 238.5 in Q1 2020, up 0.4% from the previous quarter and up 5.2% from a year earlier.

Home equity is the portion of a home's value that is owned by the homeowner, rather than by the lender. Homeowners can build equity by making mortgage payments and/or by increasing the value of their home through improvements or other means.

As of Q1 2020, homeowners in Anaheim-Santa Ana-Irvine, CA had an average of $227,000 in equity, up from $221,000 in Q4 2019 and $215,000 a year earlier. The increase in home equity over the past year was due to both rising home prices and homeowners making mortgage payments.

Anaheim-Santa Ana-Irvine has seen strong growth in both home prices and equity values over the past few years. This has been driven by strong economic conditions in the region, including low unemployment and strong population growth. These trends are expected to continue in the coming years, making Anaheim-Santa Ana-Irvine an attractive market for both buyers and sellers alike.