Fond du Lac, WI Federal Housing Finance Agency Home Price Index (FHFA HPI)

In the Fond du Lac, WI, Federal Housing Finance Agency (FHFA) house price index for the fourth quarter of 2019, the home equity and home prices both increased from the previous quarter. The home equity index rose from 63.4 to 64.1, while the home price index increased from 185.8 to 186.3.

The FHFA house price index is a weighted average of repeat sales and refinancings on single-family properties in the United States. The index covers all nine census divisions and is released quarterly. Home equity is calculated as the difference between a property's market value and the outstanding balance of all loans secured by the property.

In general, an increase in home equity indicates that homeowners are building up more wealth in their homes, while an increase in home prices means that homes are becoming more expensive. In Fond du Lac, WI, both of these trends were evident in the fourth quarter of 2019 compared to the previous quarter.

Homeowners in Fond du Lac saw their equity increase by 0.7%, or $481 on average, during this time period. This was due to a combination of rising home values and decreasing mortgage balances. At the same time, average home prices rose by 0.2%, or $369 over the course of three months .

The appreciation in home values was driven by a number of factors including low unemployment rates , historically low mortgage rates , and limited supply of available homes for sale . These conditions have led to strong demand for housing which has put upward pressure on prices . In addition , many people who were previously renting have decided to purchase homes during this time period as they believe that prices will continue to rise .