Commentary  25922
4th Quarter, 2017 Housing Statistics: Idaho


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      80%

LittleBigHomes.com publishes forecasts for the trend in home prices in all 50
states, the District of Columbia and 380 Metropolitan Statistical Areas. The
House Price Trend will be either UP or DOWN. The forecast for the trend in the
Idaho housing market for the 12 months ending with the 4th Quarter of 2018 is
UP. The Accuracy of the Trend Projection for Idaho is 80%. In other words,
when tested against historical data, the forecasting methodology was correct
80% of the time. Accordingly, LittleBigHomes.com estimates that the probability
for rising house prices in Idaho is 80% during this period. If this Housing Market
Forecast is correct, home prices will be higher in the 4th Quarter of 2018 than
they were in the 4th Quarter of 2017. Check this page each quarter for updates
to the Idaho Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      78%

The forecast for the trend in the Idaho housing market for the 3 years ending
with the 4th Quarter of 2020 is UP. The Accuracy of the Trend Prediction for
Idaho is 78%. In other words, when tested against historical data, the
forecasting methodology was correct 78% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Idaho is 78% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 4th Quarter of 2020 than they were in the 4th
Quarter of 2017. Check this page each quarter for updates to the Idaho Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2017 Housing Data: Idaho


Historical Home Price Appreciation
Last Quarter                                     1.64%
Last Year . . . . . . . . . . . . . . . . . . . .  10.2%
Last 5 Years                                     42%
Last 10 Years . . . . . . . . . . . . . . . . . 10%
Last 20 Years                                   100%



Annual Home Price Appreciation Rates
1988      1.30%
1989      6.26%
1990      7.00%
1991      7.69%
1992      7.17%
1993      9.07%
1994      6.34%
1995      5.72%
1996      1.66%
1997      4.02%
1998      2.68%
1999      0.63%
2000      3.43%
2001      5.36%
2002      3.23%
2003      4.12%
2004      9.99%
2005      18.61%
2006      13.17%
2007      1.76%
2008      -4.75%
2009      -9.04%
2010      -7.43%
2011      -5.46%
2012      2.00%
2013      5.66%
2014      5.41%
2015      7.70%
2016      7.40%
2017      10.18%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.64%         Rank: 5 of 51 (92nd Percentile)
Last Year  . . . . . . . . . . . . . . . .  10.2%          Rank: 3 of 51 (96th Percentile)
Last 5 Years                              42%            Rank: 11 of 51 (80th Percentile)
Last 10 Years  . . . . . . . . . . . .   10%            Rank: 24 of 51 (54th Percentile)
Last 20 Years                            100%          Rank: 25 of 51 (52nd Percentile)


The change in home prices for Idaho are shown above for five time periods. For
example: Idaho appreciated 1.64% in the Last Quarter. At that rate, the Idaho
Real Estate Market was ranked 5th out of the 51 real estate markets of all 50
U.S. States and the District of Columbia. Idaho was in the 92nd percentile. So
Idaho performed better in the Last Quarter than 92% of these 51 real estate
markets.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2017 Housing Statistics: Idaho

The all time high in the Idaho Home Price Index was 372.8 in the 4th Quarter, of
2017.  The Home Price Index indicates that the Idaho Market is up 10% over the
last 10 years. Home prices in the Idaho Real Estate Market have gained
10.18% over the last 12 months. Over the last thirty years, it is up 244%.

The 4th Quarter index value was 6.03 points higher than the 3rd Quarter, 2017
index value of 366.74, resulting in a 1.64% rise in the 4th Quarter for the Idaho
Market.

The Idaho Home Price Index has increased for the last 22 consecutive quarters.
The current record holder for consecutive increases in the Home Price Index is
Washington DC, with increases in the last 27 consecutive quarters. The current
record holders for consecutive declines in the Home Price Index are North
Dakota and Connecticut, with declines in the last 1 consecutive quarters.

The highest annual change in the value of houses in the Idaho Real Estate
Market was 21% in the twelve months ended with the 4th Quarter of 1977. The
worst annual change in home values  in the Idaho Market was -12% in the
twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Idaho Real Estate Market over a
three year period was 48% in the three years ended with the 1st Quarter of
2007. The worst performance over a three year period in the Idaho Market was
-25% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph and commentary of the Idaho Home Price
Index.  Bookmark this page! Then LittleBigHomes.com's detailed research and
statistics about Idaho Home Prices will be at your fingertips when you need
them.

All calculations are based on the quarterly value of the House Price Index for
the Idaho Market. The terms House Price Index and Home Price Index, as used
in this site, refer to the Federal Housing Finance Agency (FHFA) House Price
Index.

Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Idaho Real Estate Market. As a result, Home
Price data is not available for a number of months after the end of each quarter.



Part 4: APPRECIATION RATES & RANKINGS
4th Quarter, 2017 Housing Data: Idaho

The trend of Idaho Home Prices relative to 50 states and the District of
Columbia is detailed below. Five different time periods are reviewed.  Each
paragraph identifies the top and bottom performing markets as well as the
average and median performance for all cities during each time period.

Last Quarter:
During the 4th Quarter of 2017, Idaho Home Prices had a rank of 5, with
appreciation of 1.64%. The top performing real estate market during the 4th
Quarter was Nevada, with a rise of 2.66%. The worst market during that period
was North Dakota, with appreciation of -0.47%.
The median for all markets during the 4th Quarter was 0.82%. The average for
the quarter was 0.83%.

Last Year:
During the last 12 months, Idaho Home Prices had a rank of 3, with appreciation
during the year of 10.18%. The top performing market during the last year was
Nevada, with an increase of 11.7%. The worst real estate market during that
period was Connecticut, with appreciation of 1.2%.
The median for all markets during this period was 5.46%. The average was
5.69%.

Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2017, Idaho Home Prices
ranked 11, with a total appreciation of 41.9%. The top performing real estate
market during the 5 year period was Nevada, with a growth in value of 82%.
The worst market during that period was Connecticut, with appreciation of 4%.
The median for all markets during this period was 20%. The average over the 5
years was 27%.

Last 10 Years:
During the 10 years ended in the 4th Quarter of 2017, Idaho Home Prices had
a rank of 24, with appreciation during the decade of 10%. The top performing
market during the period was North Dakota, with a rise of 51%. The worst real
estate market during the 10 year time period was Connecticut, with appreciation
of -14%.
The median for all markets over the last 10 years was 9%. The average over
that time frame was 10%.

Last 20 Years:
During the 20 years ended in the 4th Quarter of 2017, Idaho Home Prices had
a rank of 25, with total growth over the 20 year period of 100%. The top
performing real estate market during the period was Washington DC, with an
increase of 358%. The worst market during the last 20 years was Ohio, with
appreciation of 42%.
The median for all markets during the last 20 years was 96%. The average  
over that period was 103%.

Historical research data on the Home Price Index for the Idaho Real Estate
Market is available back to the 1st Quarter, of 1975. All calculations are based
on the quarterly value of the House Price Index for Idaho. Real estate
appreciation figures represent total net increase or decrease over each time
period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Wednesday, May 9, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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Idaho Real Estate Market & Home Price Forecast
Idaho Real Estate: Housing Market Trend
Idaho - House Price Index (HPI)
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The House Price Index (HPI) shows changes in Idaho single family home prices in logarithmic scale.
The March, 1995 index value equals 100.  Real estate forecasts, analysis, statistics and appreciation
rates are provided below.
1975
1980
1985
1990
1995
2000
2005
2010
2035
2015
2020
2025
2030
100
1000
10