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  27596
3rd 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 3rd 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 3rd Quarter of 2018 than they were in the 3rd
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 3rd 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 3rd Quarter of 2020 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Anchorage
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: Anchorage, Alaska


Historical Home Price Appreciation
Last Quarter                                     1.18%
Last Year . . . . . . . . . . . . . . . . . . . .  2.3%
Last 5 Years                                     15%
Last 10 Years . . . . . . . . . . . . . . . . . 14%
Last 20 Years                                   110%



Annual Home Price Appreciation Rates
1987      -21.97%
1988      24.09%
1989      -23.41%
1990      15.03%
1991      11.79%
1992      2.30%
1993      2.27%
1994      2.22%
1995      3.77%
1996      4.80%
1997      3.19%
1998      2.84%
1999      4.04%
2000      2.33%
2001      6.30%
2002      5.69%
2003      9.02%
2004      10.31%
2005      14.09%
2006      6.71%
2007      0.77%
2008      0.53%
2009      -0.94%
2010      0.47%
2011      -0.06%
2012      0.67%
2013      3.98%
2014      2.48%
2015      3.87%
2016      0.40%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.18%         Rank: 222 of 381 (41st Percentile)
Last Year  . . . . . . . . . . . . . . . .  2.3%           Rank: 311 of 381 (18th Percentile)
Last 5 Years                              15%            Rank: 238 of 381 (37th Percentile)
Last 10 Years  . . . . . . . . . . . .   14%            Rank: 111 of 381 (71st Percentile)
Last 20 Years                            110%          Rank: 99 of 379 (74th Percentile)


The change in home prices for Anchorage, AK are shown above for five time
periods. For example: Anchorage appreciated 1.18% in the Last Quarter. At
that rate, the Anchorage Real Estate Market was ranked 222nd out of 381
metropolitan Real Estate Markets. Anchorage was in the 41st percentile. So
Anchorage, AK performed better in the Last Quarter than 41% of the 381
metropolitan areas covered in LittleBigHomes.com.

























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

The all time high in the Anchorage Home Price Index was 230.5 in the 3rd
Quarter, of 2017.  The Home Price Index indicates that the Anchorage Market is
up 14% over the last 10 years. Home prices in the Anchorage Real Estate
Market have gained 2.26% over the last 12 months. Over the last thirty years, it
is up 176%.

The 3rd Quarter index value was 2.69 points higher than the 2nd Quarter, 2017
index value of 227.80, resulting in a 1.18% rise in the 3rd Quarter for the
Anchorage Market.

The Anchorage Home Price Index increased in the last quarter after falling in
the previous quarter. 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 25 consecutive quarters. The current record holder for
consecutive declines in the Home Price Index is Carbondale, IL, with declines in
the last 3 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
3rd 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 3rd Quarter of 2017, Anchorage Home Prices had a rank of 222,
with appreciation of 1.18%. The top performing real estate market during the
3rd Quarter was Pine Bluff, AR, with a rise of 7.86%. The worst market during
that period was Weirton, OH, with appreciation of -9.33%.
The median for all cities during the 3rd Quarter was 1.52%. The average for all
markets during the quarter was 1.39%.

Last Year:
During the last 12 months, Anchorage Home Prices had a rank of 311, with
appreciation during the year of 2.26%. The top performing market during the
last year was Seattle, WA, with an increase of 14.2%. The worst real estate
market during that period was Lawton, OK, with appreciation of -7.3%.
The median for all markets during this period was 5.41%. The average was
5.42%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2017, Anchorage Home Prices
ranked 238, with a total appreciation of 14.8%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 95%.
The worst market during that period was Lawton, OK, with appreciation of -7%.
The median for all cities during this time period was 20%. The average over the
5 years was 26%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2017, Anchorage Home Prices
had a rank of 111, with appreciation during the decade of 14%. The top
performing market during the period was Denver, CO, with a rise of 63%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -28%.
The median for all markets during the last 10 years was 5%. The average for
the cities over that time frame was 7%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2017, Anchorage Home Prices
had a rank of 99, with total growth over the 20 year period of 110%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 283%. The worst market during the last 20 years was Mansfield,
OH, with appreciation of 20%.
The median for all cities during the last 20 years was 80%. 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 Thursday, December 7, 2017.
SignalTrend  Inc. 2008 - 2017; All rights reserved.


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