Cheyenne, WY Federal Housing Finance Agency Home Price Index (FHFA HPI)

As of September 2020, the Cheyenne, WY, Federal Housing Finance Agency (FHFA) house price index was 176.7. This is a 0.8% increase from August 2020, and a 4.2% increase from September 2019. The FHFA house price index is a measure of home prices in the United States.

The FHFA house price index for Cheyenne, WY was 176.7 in September 2020. This means that home prices in Cheyenne have increased by 0.8% since August 2020 and by 4.2% since September 2019. The FHFA house price index is a good indicator of trends in home prices across the United States as a whole, and it can be used to compare home prices in different regions of the country.

The housing market in Cheyenne has been strong in recent years, due to factors such as low interest rates and strong job growth. The median sales price for homes in Cheyenne was $247,500 in September 2020, up from $240,000 in August 2020 and $235,000 in September 2019. The median sales price for homes nationwide was $265,000 in September 2020 (up from $259,000 in August 2020).

The average rate for a 30-year fixed mortgage was 3.03% as of October 8th, 2020 (down from 3.09% one week earlier). Rates on 15-year fixed mortgages averaged 2.56%, down from 2.62%. Mortgage rates have remained low despite the Fed's decision to raise interest rates several times over the past year or so; this is due to the fact that long-term bond yields (which mortgage rates are based on) have not increased much during this time period .

Low mortgage rates and strong job growth are two key factors that have helped to support the housing market in Cheyenne recently; another factor is tight supply . There were only 585 active listings on the Cheyenne MLS as of October 8th , down from 616 one month earlier and 714 one year earlier . This tight supply has helped to drive up prices , as buyers compete for limited inventory .