HPI means House Price Index. The Federal Housing Finance Agency publishes repeat-sales indexes that track broad changes in single-family home prices across geographic markets over time.
Use this definition to understand a term named in your HABU report. It explains the reference and its limits; it does not turn a screening input into a property-specific appraisal, legal conclusion, or permit decision.
An HPI is a market-movement index, not a dollar estimate for one house. It can show how prices in a metro area changed between two periods without claiming that every property changed by the same percentage.
When exact Sacramento-area HPI evidence is available, HABU can scale a recorded purchase price from its sale quarter to the report evidence date. The report labels that result "Est. Market (Purchase + HPI)" and keeps it as one reference view rather than a property-level appraisal.
HPI does not inspect the home, measure renovations or deferred maintenance, distinguish one block from another, or replace current comparable sales, a property-level valuation, or a licensed appraisal. A missing purchase date or exact HPI period can also make the reference unavailable.
No. HPI measures average price movement across a market. Your property may perform differently because of its location, condition, improvements, lot, and buyer demand.
The recorded purchase price is multiplied by the ratio between the applicable index at the report evidence date and the index for the purchase quarter. HABU shows the result only when the required evidence is available.
The report may lack a usable recorded purchase price, purchase date, or exact supported HPI period. HABU does not invent a value when those inputs are missing.
Start with HABU's plain-language summary, then use the authority-owned source and related definitions when you want the underlying context.