East Stroudsburg, PA Federal Housing Finance Agency Home Price Index (FHFA HPI)

The East Stroudsburg, PA, 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 any given area is a percentage change from some base period to the current period. For example, if the HPI for a particular area was 120 in 2000 and 140 in 2005, then prices increased 20 percent between 2000 and 2005.

The FHFA HPI values are calculated using data from Freddie Mac's Primary Mortgage Market Survey® (PMMS®), which covers about 75 percent of U.S. home mortgages. Freddie Mac began collecting loan information in 1971 and started publishing the PMMS in 1985. The FHFA began using the PMMS data to produce house price indexes in 1991.

The FHFA House Price Index for East Stroudsburg, PA was released on March 31, 2016 and showed that home prices had increased by 1% from the previous quarter and by 4% from the previous year. This is good news for homeowners as it indicates that their home equity has likely increased over this time period. Home prices are still well below their pre-recession peak levels but have been slowly recovering since hitting bottom in early 2012. It is important to note that these figures are averages and actual results will vary depending on the specific property involved.