Commentary  25939
3rd Quarter, 2017 Housing Statistics: New Hampshire


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      81%

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
New Hampshire housing market for the 12 months ending with the 3rd Quarter
of 2018 is UP. The Accuracy of the Trend Projection for New Hampshire is 81%.
In other words, when tested against historical data, the forecasting methodology
was correct 81% of the time. Accordingly, LittleBigHomes.com estimates that the
probability for rising house prices in New Hampshire is 81% during this period. If
this Housing Market Forecast is correct, home prices will be higher in the 3rd
Quarter of 2018 than they were in the 3rd Quarter of 2017. Check this page
each quarter for updates to the New Hampshire Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      73%

The forecast for the trend in the New Hampshire housing market for the 3 years
ending with the 3rd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for New Hampshire is 73%. In other words, when tested against
historical data, the forecasting methodology was correct 73% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in New Hampshire is 73% during this period. If this Housing Market
Forecast is correct, home values will be higher in the 3rd Quarter of 2020 than
they were in the 3rd Quarter of 2017. Check this page each quarter for updates
to the New Hampshire Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: New Hampshire


Historical Home Price Appreciation
Last Quarter                                     1.42%
Last Year . . . . . . . . . . . . . . . . . . . .  5.6%
Last 5 Years                                     21%
Last 10 Years . . . . . . . . . . . . . . . . . 0%
Last 20 Years                                   121%
Decline From All Time High               3.01%


Annual Home Price Appreciation Rates
1987      9.97%
1988      0.85%
1989      0.59%
1990      -11.38%
1991      -4.59%
1992      -2.67%
1993      0.70%
1994      -3.18%
1995      5.14%
1996      1.93%
1997      4.97%
1998      7.07%
1999      9.74%
2000      14.55%
2001      11.39%
2002      12.11%
2003      9.94%
2004      10.95%
2005      8.71%
2006      0.46%
2007      -2.71%
2008      -6.25%
2009      -6.26%
2010      -1.06%
2011      -2.98%
2012      -1.31%
2013      1.25%
2014      3.78%
2015      3.99%
2016      4.81%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.42%         Rank: 25 of 51 (52nd Percentile)
Last Year  . . . . . . . . . . . . . . . .  5.6%           Rank: 26 of 51 (50th Percentile)
Last 5 Years                              21%            Rank: 25 of 51 (52nd Percentile)
Last 10 Years  . . . . . . . . . . . .   0%            Rank: 40 of 51 (22nd Percentile)
Last 20 Years                            121%          Rank: 14 of 51 (74th Percentile)
Decline From All Time High        3.01%

The change in home prices for New Hampshire are shown above for five time
periods. For example: New Hampshire appreciated 1.42% in the Last Quarter.
At that rate, the New Hampshire Real Estate Market was ranked 25th out of the
51 real estate markets of all 50 U.S. States and the District of Columbia. New
Hampshire was in the 52nd percentile. So New Hampshire performed better in
the Last Quarter than 52% of these 51 real estate markets.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2017 Housing Statistics: New Hampshire

The data and analysis on this page pertains to New Hampshire, hereinafter
referred to as "New Hampshire". The all time high in the New Hampshire Home
Price Index was 463.5 in the 1st Quarter, of 2006. The 3rd Quarter, 2017 index
value was 449.5. That's a decline of 13.96 points or 3.01% below the New
Hampshire Home Price Index all time high.  The Home Price Index indicates that
the New Hampshire Market is down 0% over the last 10 years. Home prices in
the New Hampshire Real Estate Market have gained 5.60% over the last 12
months. Over the last thirty years, it is up 103%.

The 3rd Quarter index value was 6.28 points higher than the 2nd Quarter, 2017
index value of 443.21, resulting in a 1.42% rise in the 3rd Quarter for the New
Hampshire Market.

The New Hampshire Home Price Index has increased for the last 18 consecutive
quarters. The current record holder for consecutive increases in the Home
Price Index is Washington DC, with increases in the last 26 consecutive
quarters. The current record holder for consecutive declines in the Home Price
Index is West Virginia, with declines in the last 1 consecutive quarters.

The highest annual change in the value of houses in the New Hampshire Real
Estate Market was 26% in the twelve months ended with the 1st Quarter of
1986. The worst annual change in home values  in the New Hampshire Market
was -20% in the twelve months ended with the 2nd Quarter of 1976.

The highest growth in home values in the New Hampshire Real Estate Market
over a three year period was 75% in the three years ended with the 4th Quarter
of 1986. The worst performance over a three year period in the New Hampshire
Market was -18% in the three years ended with the 4th Quarter of 1992.

This page provides a long term graph and commentary of the New Hampshire
Home Price Index.  Bookmark this page! Then LittleBigHomes.com's detailed
research and statistics about New Hampshire 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 New Hampshire 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 New Hampshire 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
3rd Quarter, 2017 Housing Data: New Hampshire

The trend of New Hampshire 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. The
data and analysis on this page pertains to New Hampshire, hereinafter referred
to as "New Hampshire".

Last Quarter:
During the 3rd Quarter of 2017, New Hampshire Home Prices had a rank of 25,
with appreciation of 1.42%. The top performing real estate market during the
3rd Quarter was Nevada, with a rise of 3.16%. The worst market during that
period was West Virginia, with appreciation of -0.23%.
The median for all markets during the 3rd Quarter was 1.38%. The average for
the quarter was 1.43%.

Last Year:
During the last 12 months, New Hampshire Home Prices had a rank of 26, with
appreciation during the year of 5.60%. The top performing market during the
last year was Washington, with an increase of 11.4%. The worst real estate
market during that period was Delaware, with appreciation of 1.2%.
The median for all markets during this period was 5.60%. The average was
5.58%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2017, New Hampshire Home
Prices ranked 25, with a total appreciation of 20.6%. The top performing real
estate market during the 5 year period was Nevada, with a growth in value of
83%. The worst market during that period was Connecticut, with appreciation of
4%.
The median for all markets during this period was 19%. The average over the 5
years was 27%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2017, New Hampshire Home
Prices had a rank of 40, with appreciation during the decade of 0%. The top
performing market during the period was North Dakota, with a rise of 52%. 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 8%. The average over
that time frame was 10%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2017, New Hampshire Home
Prices had a rank of 14, with total growth over the 20 year period of 121%. The
top performing real estate market during the period was Washington DC, with
an increase of 351%. The worst market during the last 20 years was Ohio, with
appreciation of 43%.
The median for all markets during the last 20 years was 97%. The average  
over that period was 104%.

Historical research data on the Home Price Index for the New Hampshire 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 New Hampshire. 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 Thursday, February 22, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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New Hampshire - House Price Index (HPI)
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The House Price Index (HPI) shows changes in New Hampshire 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
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1995
2000
2005
2010
2035
2015
2020
2025
2030
100
1000
10