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Key Indicators for Understanding Our Region

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Housing / Price Appreciation

The Denver region led all other regions in the most recent 12-month period with an appreciation rate of 10.2 percent; Pittsburgh ranked tenth at 4.3 percent, below the benchmark average of 4.9 percent. Pittsburgh's ten-year appreciation rate, however, was the highest of all benchmark regions at 23.7 percent.

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Selected measure:

Data source(s):

Federal Housing Finance Agency (FHFA)

MSA These figures are for U.S. Metropolitan Statistical Areas (MSA).

The HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties. This information is obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac since January 1975. The HPI is updated each quarter as additional mortgages are purchased or securitized by Fannie Mae and Freddie Mac. The new mortgage acquisitions are used to identify repeat transactions for the most recent quarter and for each quarter since the first quarter of 1975.