College Station-Bryan, TX Federal Housing Finance Agency Home Price Index (FHFA HPI)

The College Station-Bryan, TX, Federal Housing Finance Agency (FHFA) house price index (HPI) is a weighted, repeat-sales index that measures average price changes in repeat sales or refinancings on the same properties. The index covers single-family homes and condominiums. The HPI value for a particular geographic area is the average of all HPI values for individual properties located within that area.

The FHFA HPI for College Station-Bryan, TX was released on March 31, 2016 and showed that home prices in the area increased by 0.4% from the previous quarter and by 2.6% from the previous year. This is the fourth consecutive quarter of positive annual growth in home prices in College Station-Bryan.

According to the FHFA, "the increase in the first quarter was driven by continued strength in both home sales and refinance activity." Sales of existing homes in College Station-Bryan increased by 5.3% from the fourth quarter of 2015 to the first quarter of 2016 while refinance originations were up 3.1%.

The FHFA HPI is based on data from Freddie Mac's Primary Mortgage Market Survey (PMMS) and includes transactions with loan amounts greater than $50,000 that are secured by a 1-to 4-unit residential property.