Columbus, OH Federal Housing Finance Agency Home Price Index (FHFA HPI)

As of September 2020, the Columbus, OH, Federal Housing Finance Agency (FHFA) house price index was at 225.7. This is a 0.4% increase from the previous month and a 4.2% increase from one year ago. The FHFA house price index is a measure of home prices in the United States that is published monthly by the Federal Housing Finance Agency.

The FHFA house price index for Columbus, OH, has been on an upward trend since bottoming out in May 2009 at 143.3. Since then, there have been ups and downs, but overall prices have steadily increased. In September 2020, the index reached its highest point since December 2005 when it was 226.1.

There are many factors that contribute to changes in home prices, including job market conditions, inflation, interest rates, and consumer confidence levels. In recent years, there has been strong job growth in Columbus which has helped to support housing demand and prices. Additionally, low interest rates have made buying a home more affordable for many people while also increasing the value of existing homes by making them cheaper to finance relative to other investments such as stocks or bonds.

The current pandemic has caused some uncertainty in the housing market as job losses and economic uncertainty have led some people to delay buying or selling a home. However, it is still too early to tell what lasting impact this will have on home prices in Columbus or nationally. Overall, the long-term trends suggest that home prices will continue to rise as demand for housing remains strong despite any short-term challenges posed by current events