Toledo, OH Federal Housing Finance Agency Home Price Index (FHFA HPI)

The Federal Housing Finance Agency (FHFA) house price index for Toledo, OH, shows that home equity and prices have increased steadily over the past few years. In the third quarter of 2017, the index was at 125.3, up from 121.4 in 2016 and 118.6 in 2015. This means that home prices in Toledo have increased by about 5% since 2015.

The FHFA index is a good indicator of trends in home equity and prices because it tracks changes in home values for properties with mortgages backed by Fannie Mae or Freddie Mac. These are two of the largest mortgage lenders in the United States, so their data is representative of the overall market.

The data shows that home equity has been increasing along with prices. In 2017, the median home value was $144,000, up from $139,000 in 2016 and $134,000 in 2015. This means that homeowners in Toledo have seen their equity increase by about $10,000 over the past two years.

The trend of increasing home equity and prices is expected to continue into 2018 as the economy continues to strengthen. Low interest rates and strong job growth are both positive factors that will support housing demand and price growth. However, there is also potential for higher interest rates and inflation to impact affordability and put upward pressure on prices. Overall, we expect that home equity will continue to increase as prices rise modestly throughout 2018