Commentary  25949
2nd Quarter, 2017 Housing Statistics: South Carolina


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      92%

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
South Carolina housing market for the 12 months ending with the 2nd Quarter
of 2018 is UP. The Accuracy of the Trend Projection for South Carolina is 92%.
In other words, when tested against historical data, the forecasting methodology
was correct 92% of the time. Accordingly, LittleBigHomes.com estimates that the
probability for rising house prices in South Carolina is 92% during this period. If
this Housing Market Forecast is correct, home prices will be higher in the 2nd
Quarter of 2018 than they were in the 2nd Quarter of 2017. Check this page
each quarter for updates to the South Carolina Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      89%

The forecast for the trend in the South Carolina housing market for the 3 years
ending with the 2nd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for South Carolina is 89%. In other words, when tested against
historical data, the forecasting methodology was correct 89% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in South Carolina is 89% during this period. If this Housing Market
Forecast is correct, home values will be higher in the 2nd Quarter of 2020 than
they were in the 2nd Quarter of 2017. Check this page each quarter for
updates to the South Carolina Real Estate Market Forecast.




Part 2: MARKET SUMMARY
2nd Quarter, 2017 Housing Data: South Carolina


Historical Home Price Appreciation
Last Quarter                                     2.03%
Last Year . . . . . . . . . . . . . . . . . . . .  6.0%
Last 5 Years                                     22%
Last 10 Years . . . . . . . . . . . . . . . . . 8%
Last 20 Years                                   83%



Annual Home Price Appreciation Rates
1987      3.45%
1988      4.35%
1989      4.25%
1990      2.12%
1991      4.35%
1992      2.59%
1993      2.73%
1994      2.05%
1995      4.64%
1996      4.16%
1997      4.96%
1998      5.44%
1999      4.71%
2000      4.94%
2001      5.75%
2002      3.60%
2003      3.11%
2004      5.86%
2005      8.54%
2006      7.22%
2007      2.58%
2008      -1.34%
2009      -4.08%
2010      -2.43%
2011      -3.07%
2012      -1.10%
2013      0.30%
2014      4.31%
2015      5.52%
2016      5.94%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.03%         Rank: 30 of 51 (42nd Percentile)
Last Year  . . . . . . . . . . . . . . . .  6.0%           Rank: 21 of 51 (60th Percentile)
Last 5 Years                              22%            Rank: 23 of 51 (56th Percentile)
Last 10 Years  . . . . . . . . . . . .   8%              Rank: 22 of 51 (58th Percentile)
Last 20 Years                            83%            Rank: 33 of 51 (36th Percentile)


The change in home prices for South Carolina are shown above for five time
periods. For example: South Carolina appreciated 2.03% in the Last Quarter. At
that rate, the South Carolina Real Estate Market was ranked 30th out of the 51
real estate markets of all 50 U.S. states and the District of Columbia. South
Carolina was in the 42nd percentile. So South Carolina performed better in the
Last Quarter than 42% of these 51 real estate markets.

























Part 3: MARKET HIGHLIGHTS
2nd Quarter, 2017 Housing Statistics: South Carolina

The data and analysis on this page pertains to South Carolina, hereinafter
referred to as "South Carolina". The all time high in the South Carolina Home
Price Index was 365.3 in the 2nd Quarter, of 2017.  The Home Price Index
indicates that the South Carolina Market is up 8% over the last 10 years. Home
prices in the South Carolina Real Estate Market have gained 6.04% over the
last 12 months. Over the last thirty years, it is up 154%.

The 2nd Quarter index value was 7.26 points higher than the 1st Quarter, 2017
index value of 358.02, resulting in a 2.03% rise in the 2nd Quarter for the South
Carolina Market.

The South Carolina Home Price Index has increased for the last 14 consecutive
quarters. The current record holder for consecutive increases in the Home
Price Index is Washington DC, with increases in the last 25 consecutive
quarters. The current record holder for consecutive declines in the Home Price
Index is Alaska, with declines in the last 1 consecutive quarters.

The highest annual change in the value of houses in the South Carolina Real
Estate Market was 14% in the twelve months ended with the 1st Quarter of
1979. The worst annual change in home values  in the South Carolina Market
was -7% in the twelve months ended with the 2nd Quarter of 2010.

The highest growth in home values in the South Carolina Real Estate Market
over a three year period was 23% in the three years ended with the 4th Quarter
of 2006. The worst performance over a three year period in the South Carolina
Market was -12% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph and commentary of the South Carolina
Home Price Index.  Bookmark this page! Then LittleBigHomes.com's detailed
research and statistics about South Carolina 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 South Carolina 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 South Carolina 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
2nd Quarter, 2017 Housing Data: South Carolina

The trend of South Carolina 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 South Carolina, hereinafter referred
to as "South Carolina".

Last Quarter:
During the 2nd Quarter of 2017, South Carolina Home Prices had a rank of 30,
with appreciation of 2.03%. The top performing real estate market during the
2nd Quarter was Idaho, with a rise of 4.76%. The worst market during that
period was Alaska, with appreciation of -0.14%.
The median for all markets during the 2nd Quarter was 2.34%. The average for
the quarter was 2.31%.

Last Year:
During the last 12 months, South Carolina Home Prices had a rank of 21, with
appreciation during the year of 6.04%. 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 Alaska, with appreciation of 0.7%.
The median for all markets during this period was 5.28%. The average was
5.57%.

Last 5 Years:
Over the 5 years ended with the 2nd Quarter of 2017, South Carolina Home
Prices ranked 23, with a total appreciation of 22.1%. The top performing real
estate market during the 5 year period was Nevada, with a growth in value of
81%. 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 26%.

Last 10 Years:
During the 10 years ended in the 2nd Quarter of 2017, South Carolina Home
Prices had a rank of 22, with appreciation during the decade of 8%. The top
performing market during the period was North Dakota, with a rise of 53%. The
worst real estate market during the 10 year time period was Nevada, with
appreciation of -17%.
The median for all markets over the last 10 years was 6%. The average over
that time frame was 7%.

Last 20 Years:
During the 20 years ended in the 2nd Quarter of 2017, South Carolina Home
Prices had a rank of 33, with total growth over the 20 year period of 83%. The
top performing real estate market during the period was Washington DC, with
an increase of 343%. 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 98%. The average  
over that period was 103%.

Historical research data on the Home Price Index for the South Carolina 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 South Carolina. 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 Tuesday, November 7, 2017.
SignalTrend  Inc. 2008 - 2017; All rights reserved.


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Alabama Real Estate Market: Percent Change in Home Prices
South Carolina Real Estate Market & Home Price Forecast
South Carolina Real Estate: Housing Market Trend
South Carolina - House Price Index (HPI)
LittleBigHomes.com
The House Price Index (HPI) shows changes in South Carolina 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