Greenville-Anderson, SC Federal Housing Finance Agency Home Price Index (FHFA HPI)

The Greenville-Anderson, SC, Federal Housing Finance Agency (FHFA) House Price Index (HPI) is a weighted, repeat-sales index measuring average price changes in single-family properties in the metro area. The index was created to provide a more timely and comprehensive measure of house price trends than other existing indices.

As of the end of 2019, the HPI for Greenville-Anderson was 226.3, up 5.8% from a year earlier. This increase was driven by strong economic fundamentals in the metro area, including population growth, job creation, and low mortgage rates.

Looking ahead to 2020, we expect home prices in Greenville-Anderson to continue to rise at a healthy pace as demand for housing remains strong. However, there is some risk that rising prices could begin to price out some potential buyers and lead to a slowdown in sales activity. Overall, we expect the Greenville-Anderson housing market to remain one of the strongest markets in the country over the next year.