Pine Bluff, AR Federal Housing Finance Agency Home Price Index (FHFA HPI)

The Pine Bluff, AR 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 city of Pine Bluff. The HPI is a broad measure of the movement of single-family house prices and covers both new and existing houses.

The FHFA HPI for Pine Bluff peaked in early 2006 at just over 225 and then declined steadily to a low of just under 170 in early 2012. From there, it began to recover, reaching just over 185 by early 2016.

There are several reasons why home equity and prices might have declined during this time period. The most obvious reason is the housing market crash that occurred during this time period. This was caused by a number of factors, including subprime mortgage lending practices, an increase in foreclosures, and a decrease in demand for housing.

Another reason for declining home equity and prices is the general decline in the economy during this time period. This led to job losses and wage stagnation, which made it difficult for people to afford a home. In addition, many people who did own homes saw their home values decline due to falling property values.

Finally, another reason for declining home equity and prices is population shifts. During this time period, many people moved from rural areas to urban areas in search of jobs or other opportunities. This led to a decrease in demand for housing in rural areas like Pine Bluff, which contributed to falling prices.