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

In the Lebanon, PA, 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 83.1 to 84.4, while the home price index increased from 185.8 to 187.3.

The rise in home equity is due to an increase in the value of homes relative to their outstanding mortgage debt. In other words, homeowners in Lebanon have seen their homes appreciate at a faster rate than their mortgage debt has grown. This is good news for homeowners, as it means they have built up more equity in their homes. It also indicates that Lebanon's housing market is healthy and growing.

The rise in home prices is also good news for homeowners, as it means their homes are worth more money. However, it is important to remember that this increase is not evenly distributed across all types of homes. For example, luxury homes and those in desirable neighborhoods will likely see greater appreciation than more modestly priced homes or those located in less desirable areas. This means that some homeowners will benefit more from the rising prices than others.