Fort Worth-Arlington-Grapevine, TX (MSAD) Federal Housing Finance Agency Home Price Index (FHFA HPI)

The Fort Worth-Arlington-Grapevine, TX Federal Housing Finance Agency (FHFA) house price index (HPI) is a weighted, repeat-sales index measuring average price changes in single-family houses in the metropolitan statistical area. The HPI is a market-based measure of house prices and is designed to provide a timely indication of house price trends. It is not designed to predict absolute house prices or values.

The FHFA HPI for Fort Worth-Arlington-Grapevine, TX was released on March 31, 2016 and showed that home prices in the metro area increased by 1.1 percent from the fourth quarter of 2015 to the first quarter of 2016. This was the sixth consecutive quarter of positive annual growth in home prices in the metro area.

On a year-over-year basis, home prices in Fort Worth-Arlington-Grapevine, TX have increased by 5.4 percent since the first quarter of 2015. This is slightly higher than the national rate of 5.2 percent over the same time period.

Home equity is the portion of a homeowner's property that represents their ownership stake after subtracting any outstanding mortgage or other liens from the property's total value. In other words, it's what would be left over if you sold your home for its current market value and paid off your mortgage balance immediately.

As of March 31, 2016, homeowners in Fort Worth-Arlington-Grapevine, TX had an average equity stake of $159,818 per household - an increase of $964 from the previous quarter and $5,719 higher than one year ago. This represents an increase in equity of 3 percent from Q4 2015 to Q1 2016 and an increase of 4 percent from Q1 2015 to Q1 2016 on a year over year basis - both slightly higher than national rates during those time periods (2 percent and 3 percent respectively).