Hattiesburg, MS Federal Housing Finance Agency Home Price Index (FHFA HPI)

In the Hattiesburg, MS, 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 64.1 to 65.4, while the home price index increased from 185.6 to 187.3.

The FHFA house price index is a weighted average of single-family home prices in select metropolitan areas and is designed to be a reliable measure of house price trends at the national level. The Hattiesburg metro area is one of those select areas.

In general, an increase in the FHFA house price index indicates that home prices are rising across the nation. This rise in prices can be attributed to a number of factors, including low mortgage rates, strong job growth, and limited housing supply.

The rise in home equity is also due to a number of factors, including homeowners paying down their mortgages and homes appreciating in value. As home values increase, so does homeowners’ equity in their property.

The combination of rising home equity and prices is good news for Hattiesburg homeowners as it indicates that their homes are gaining value at a time when many other parts of the country are seeing stagnant or declining values.