Tyler, TX Federal Housing Finance Agency Home Price Index (FHFA HPI)

The Tyler, TX, Federal Housing Finance Agency (FHFA) House Price Index (HPI) is a weighted, repeat-sales index that measures average price changes in Tyler homes. The HPI is a valuable tool for measuring local housing market conditions and trends over time.

Tyler home prices have been on the rise in recent years, driven by strong economic growth and population growth. The Tyler metro area has seen significant job growth in recent years, as well as an influx of new residents from other parts of Texas and the country. This has led to increased demand for housing, which has put upward pressure on prices.

The FHFA HPI shows that Tyler home prices have risen steadily since 2013, when the index began tracking data for the metro area. Prices rose sharply during the first half of 2018 before leveling off somewhat in the second half of the year. Despite this slight slowdown, Tyler home prices are still up significantly from where they were just a few years ago.

Looking ahead, it is likely that Tyler home prices will continue to rise at a moderate pace in 2019 as demand for housing remains strong. However, any potential increases will be tempered by rising interest rates and concerns about affordability.