Commentary  13739
2nd Quarter, 2013 Data: Michigan

The 12 month forecast for the Michigan Real Estate Market is in the table at the
top of this page. Forecast-Chart.com is forecasting a rise in Michigan Home
Prices of 5.26%. The table shows a HDTFA of 2.60% which suggests that
appreciation rates over the next year for the Michigan Housing Market could
easily end up anywhere between 7.86% and 2.66%.

The average real estate forecast for all 50 states is 2.46%. So Michigan Real
Estate prices are forecasted to outperform the rest of the country. The highest
appreciation rate forecast of all Real estate forecasts at this site is 13.06% for
the Nevada Housing Market. The lowest is -0.98% for the Connecticut Real
Estate Market.

Historical Home Price Appreciation: Michigan
Last Quarter                         2.00%
Last Year                              6.5%
Last 5 Years                         -13%
Last 10 Years                       -16%
Last 20 Years                       52%
Decline From All Time High   23.02%

Annual Change in Home Prices: Michigan
1983      7.58%
1984      2.46%
1985      6.58%
1986      10.27%
1987      10.17%
1988      6.59%
1989      6.56%
1990      3.96%
1991      4.63%
1992      3.03%
1993      2.91%
1994      6.19%
1995      7.39%
1996      8.06%
1997      7.23%
1998      5.75%
1999      7.22%
2000      7.06%
2001      5.11%
2002      3.98%
2003      3.92%
2004      3.92%
2005      2.06%
2006      -2.19%
2007      -5.69%
2008      -8.72%
2009      -7.81%
2010      -1.86%
2011      -2.66%
2012      0.96%

The highest annual change in  Michigan Real Estate Prices was 26% in the
twelve months ended with the 1st Quarter of 1979. The worst annual change in
Michigan Home Prices was -16% in the twelve months ended with the 4th
Quarter of 1982.

The highest change in  Michigan Real Estate Values over a three year period
was 55% in the three years ended with the 3rd Quarter of 1979. The worst price
change over a three year period in the Michigan Housing Market was -22% in
the three years ended with the 1st Quarter of 2010.

This page provides a five year chart of appreciation rates and a forecast for the
Michigan House Price Index. The chart shows the five years ended in the 2nd
Quarter of 2013. Just one glance at our long term charts can provide
tremendous insight into the historical trends of residential property values.

Historical data on the Michigan House Price Index is available back to the first
quarter of 1975. All calculations are based on the quarterly value of the House
Price Index for Michigan.









































Commentary  12977
1st Quarter, 2013 Data: Michigan

The 12 month forecast for the Michigan Real Estate Market is in the table at the
top of this page. Forecast-Chart.com is forecasting a rise in Michigan Home
Prices of 3.04%. The table shows a HDTFA of 2.64% which suggests that
appreciation rates over the next year for the Michigan Housing Market could
easily end up anywhere between 5.68% and 0.41%.

The average real estate forecast for all 50 states is 1.36%. So Michigan Real
Estate prices are forecasted to outperform the rest of the country. The highest
appreciation rate forecast of all Real estate forecasts at this site is 9.91% for
the Arizona Housing Market. The lowest is -1.45% for the Georgia Real Estate
Market.

Historical Home Price Appreciation: Michigan
Last Quarter                         1.01%
Last Year                              3.9%
Last 5 Years                         -18%
Last 10 Years                       -17%
Last 20 Years                       50%
Decline From All Time High   24.41%

Annual Change in Home Prices: Michigan
1983      7.58%
1984      2.46%
1985      6.58%
1986      10.27%
1987      10.17%
1988      6.59%
1989      6.56%
1990      3.96%
1991      4.62%
1992      3.04%
1993      2.90%
1994      6.19%
1995      7.40%
1996      8.06%
1997      7.23%
1998      5.76%
1999      7.22%
2000      7.06%
2001      5.10%
2002      3.98%
2003      3.92%
2004      3.93%
2005      2.08%
2006      -2.17%
2007      -5.64%
2008      -8.63%
2009      -7.72%
2010      -1.84%
2011      -2.62%
2012      0.82%

The highest annual change in  Michigan Real Estate Prices was 22% in the
twelve months ended with the 3rd Quarter of 1978. The worst annual change in
Michigan Home Prices was -16% in the twelve months ended with the 4th
Quarter of 1982.

The highest change in  Michigan Real Estate Values over a three year period
was 55% in the three years ended with the 3rd Quarter of 1979. The worst price
change over a three year period in the Michigan Housing Market was -21% in
the three years ended with the 1st Quarter of 2010.

This page provides a five year chart of appreciation rates and a forecast for the
Michigan House Price Index. The chart shows the five years ended in the 1st
Quarter of 2013. Just one glance at our long term charts can provide
tremendous insight into the historical trends of residential property values.

Historical data on the Michigan House Price Index is available back to the first
quarter of 1975. All calculations are based on the quarterly value of the House
Price Index for Michigan.










































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Average annual Michigan house appreciation RATE according to the House Price Index (HPI) is
shown in gray.  The forecast for annual appreciation through the target month is shown in green.
Michigan Real Estate Market: Percent Change in Home Prices
Michigan Real Estate Forecast
Target Month
Forecast
HDTFA
Forecast: Annual real estate appreciation rate
for single family homes in the Michigan
residential housing market for the 12 months
ending in the target month shown at the left.
Sep, 2014
5.3%
2.6%
Updated Friday, November 1, 2013.
Michigan Real Estate Market & Home Price Forecast
-10%
-5%
0%
5%
10%
15%
Michigan Real Estate: Housing Market Trend
-15%
LittleBigHomes.com
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