Anchorage, AK - House Price Index (HPI)
Anchorage Real Estate Market Forecast
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The House Price Index (HPI) shows changes in Anchorage, AK 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.
10
Anchorage Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  26834
2nd Quarter, 2017 Housing Statistics: Anchorage, Alaska


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      78%

LittleBigHomes.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Anchorage housing market for the 12
months ending with the 2nd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Anchorage 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
Anchorage is 78% 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 Anchorage
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      80%

The forecast for the trend in the Anchorage housing market for the 3 years
ending with the 2nd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Anchorage 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
Anchorage is 80% 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 Anchorage
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
2nd Quarter, 2017 Housing Data: Anchorage, Alaska


Historical Home Price Appreciation
Last Quarter                                     -0.85%
Last Year . . . . . . . . . . . . . . . . . . . .  0.2%
Last 5 Years                                     14%
Last 10 Years . . . . . . . . . . . . . . . . . 11%
Last 20 Years                                   109%
Decline From All Time High               0.85%


Annual Home Price Appreciation Rates
1987      -21.99%
1988      24.10%
1989      -23.42%
1990      15.03%
1991      11.79%
1992      2.31%
1993      2.26%
1994      2.22%
1995      3.75%
1996      4.82%
1997      3.19%
1998      2.83%
1999      4.07%
2000      2.25%
2001      6.35%
2002      5.69%
2003      9.03%
2004      10.35%
2005      14.05%
2006      6.73%
2007      0.75%
2008      0.53%
2009      -0.94%
2010      0.48%
2011      -0.05%
2012      0.67%
2013      4.04%
2014      2.35%
2015      4.10%
2016      0.24%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.85%        Rank: 354 of 381 (7th Percentile)
Last Year  . . . . . . . . . . . . . . . .  0.2%           Rank: 360 of 381 (5th Percentile)
Last 5 Years                              14%            Rank: 241 of 381 (36th Percentile)
Last 10 Years  . . . . . . . . . . . .   11%            Rank: 119 of 381 (68th Percentile)
Last 20 Years                            109%          Rank: 99 of 379 (74th Percentile)
Decline From All Time High        0.85%

The change in home prices for Anchorage, AK are shown above for five time
periods. For example: Anchorage appreciated -0.85% in the Last Quarter. At
that rate, the Anchorage Real Estate Market was ranked 354th out of 381
metropolitan Real Estate Markets. Anchorage was in the 7th percentile. So
Anchorage, AK performed better in the Last Quarter than 7% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
2nd Quarter, 2017 Housing Statistics: Anchorage, Alaska

The all time high in the Anchorage Home Price Index was 228.3 in the 1st
Quarter, of 2017. The 2nd Quarter, 2017 index value was 226.4. That's a
decline of 1.93 points or 0.85% below the Anchorage Home Price Index all time
high.  The Home Price Index indicates that the Anchorage Market is up 11%
over the last 10 years. Home prices in the Anchorage Real Estate Market have
gained 0.16% over the last 12 months. Over the last thirty years, it is up 158%.

The 2nd Quarter index value was 1.93 points lower than the 1st Quarter, 2017
index value of 228.29, resulting in a 0.85% decline for the 2nd Quarter in the
Anchorage Market.

The Anchorage Home Price Index declined in the last quarter after increasing in
the previous 2 quarters. The current record holders for consecutive declines in
the Home Price Index are Manhattan, KS and Longview, TX, with declines in the
last 3 consecutive quarters. The current record holders for consecutive
increases in the Home Price Index are Phoenix, AZ; Houston, TX and Boise City,
ID, with increases in the last 24 consecutive quarters.

The highest annual change in the value of houses in the Anchorage Real
Estate Market was 26% in the twelve months ended with the 1st Quarter of
1991. The worst annual change in home values  in the Anchorage Market was
-24% in the twelve months ended with the 1st Quarter of 1990.

The highest growth in home values in the Anchorage Real Estate Market over a
three year period was 40% in the three years ended with the 2nd Quarter of
2006. The worst performance over a three year period in the Anchorage Market
was -30% in the three years ended with the 4th Quarter of 1987.

This page provides a long term graph of the Anchorage Home Price Index
(above). For information about Alaska home values, click Real Estate Market
Forecasts in the navigation bar at the top of this page.  You'll see long term
charts and analysis that will provide tremendous insight into the historical trends
of residential property values. Bookmark this page! Then LittleBigHomes.com's
detailed research and statistics about Anchorage 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 Anchorage 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 Anchorage Real Estate Market and hundreds
of other cities. 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: Anchorage, Alaska

The trend of Anchorage Home Prices relative to 380 other metropolitan areas is
detailed below. Each metropolitan area contains one or more cities. 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 2nd Quarter of 2017, Anchorage Home Prices had a rank of 354,
with appreciation of -0.85%. The top performing real estate market during the
2nd Quarter was Weirton, OH, with a rise of 14.58%. The worst market during
that period was Bangor, ME, with appreciation of -4.77%.
The median for all cities during the 2nd Quarter was 2.58%. The average for all
markets during the quarter was 2.50%.

Last Year:
During the last 12 months, Anchorage Home Prices had a rank of 360, with
appreciation during the year of 0.16%. The top performing market during the
last year was Mount Vernon, WA, with an increase of 15.1%. The worst real
estate market during that period was Pine Bluff, AR, with appreciation of -7.9%.
The median for all markets during this period was 5.39%. The average was
5.53%.

Last 5 Years:
Over the 5 years ended with the 2nd Quarter of 2017, Anchorage Home Prices
ranked 241, with a total appreciation of 13.7%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 93%.
The worst market during that period was Jacksonville, NC, with appreciation of
-3%.
The median for all cities during this time period was 18%. The average over the
5 years was 25%.

Last 10 Years:
During the 10 years ended in the 2nd Quarter of 2017, Anchorage Home Prices
had a rank of 119, with appreciation during the decade of 11%. The top
performing market during the period was Austin, TX, with a rise of 62%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -29%.
The median for all markets during the last 10 years was 4%. The average for
the cities over that time frame was 5%.

Last 20 Years:
During the 20 years ended in the 2nd Quarter of 2017, Anchorage Home Prices
had a rank of 99, with total growth over the 20 year period of 109%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 289%. The worst market during the last 20 years was Saginaw, MI,
with appreciation of 20%.
The median for all cities during the last 20 years was 79%. The average for the
markets over that time frame was 89%.

Historical research data on the Home Price Index for the Anchorage Real Estate
Market is available back to the 4th Quarter, of 1978. All calculations are based
on the quarterly value of the House Price Index for Anchorage. 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, October 17, 2017.
SignalTrend  Inc. 2008 - 2017; All rights reserved.


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