Nassau County-Suffolk County, NY (MSAD) Federal Housing Finance Agency Home Price Index (FHFA HPI)

The home equity and home prices in the Nassau County-Suffolk County, NY area have been on the rise in recent years. This is due in part to the strong economy and low interest rates. As a result, more people are buying homes and taking out mortgages. The Federal Housing Finance Agency's house price index reflects this trend, as it has been steadily increasing since 2013.

In Nassau County, the median home value is $482,500, while in Suffolk County it is $349,000. This is a significant difference, but both counties have seen similar increases in home values over the past few years. The average 30-year mortgage rate in Nassau County is 4.37%, while in Suffolk County it is 4.40%. Again, this difference is not significant enough to impact home prices significantly.

What does impact home prices significantly are things like job growth, population growth, and inflation. All three of these factors have been positive in recent years, which has helped to drive up home prices across the country. In addition, the low interest rates have made it easier for people to afford a mortgage and buy a home.

The combination of all these factors has led to strong growth in both home equity and house prices in Nassau County-Suffolk County area over the past few years. This trend is expected to continue into the future as long as economic conditions remain favorable