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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 housing appreciation rate of 13.91 percent; Pittsburgh ranked eighth at 4.08 percent, below the benchmark average of 5.01 percent. Pittsburgh's five and ten-year appreciation rate, however, was the third and second-highest of all benchmark regions at 13.82 and 21.93 percent, respectively.


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.