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

In the Pittsburgh, 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 by 1.4%, while the home price index increased by 0.8%.

The rise in home equity is due to a number of factors, including an increase in property values and a decrease in mortgage debt. The combination of these two factors has resulted in an increase in homeowners' equity as a percentage of their property's value. In addition, the number of delinquent mortgages has decreased, further contributing to the increase in homeowners' equity.

The rise in home prices is attributable to a number of factors, including low interest rates, strong job growth, and limited supply of homes for sale. These conditions have resulted in increased demand for homes and higher prices. In addition, population growth in Pittsburgh and its surrounding areas has contributed to the rise in home prices.