Pocatello, ID Federal Housing Finance Agency Home Price Index (FHFA HPI)

In the Pocatello, ID, 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 0.9%.

The rise in home equity is due to a number of factors, including an increase in property values and a decrease in mortgage debt. Property values in Pocatello have been rising steadily over the past few years, as the city has become increasingly desirable as a place to live. At the same time, mortgage rates have remained low, making it easier for people to afford their monthly payments. As a result of these trends, more people are able to pay off their mortgages and build up equity in their homes.

The increase in home prices is also due to strong demand from buyers. Pocatello is a relatively affordable city compared to other parts of Idaho and Utah, making it an attractive option for people looking to purchase a first home or move up to a larger one. The city’s location – close to both Yellowstone National Park and Grand Teton National Park – also makes it appealing to outdoor enthusiasts and retirees who are looking for a place to enjoy their retirement years.