Atlantic City, NJ - House Price Index (HPI)
Atlantic City Real Estate Market Forecast
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The House Price Index (HPI) shows changes in Atlantic City-Hammonton, NJ 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
Atlantic City Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  983.56
1st Quarter, 2018 Housing Statistics: Atlantic City, New Jersey


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      73%

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 Atlantic City housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Atlantic City 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
Atlantic City is 73% during this period. If this Housing Market Forecast is
correct, home prices will be higher in the 1st Quarter of 2019 than they were in
the 1st Quarter of 2018. Check this page each quarter for updates to the
Atlantic City Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      75%

The forecast for the trend in the Atlantic City housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Atlantic City is 75%. In other words, when tested against historical
data, the forecasting methodology was correct 75% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Atlantic City is 75% during this period. If this Housing Market Forecast is
correct, home values will be higher in the 1st Quarter of 2021 than they were in
the 1st Quarter of 2018. Check this page each quarter for updates to the
Atlantic City Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Atlantic City, New Jersey


Historical Home Price Appreciation
Last Quarter                                     0.93%
Last Year . . . . . . . . . . . . . . . . . . . .  3.8%
Last 5 Years                                     -2%
Last 10 Years . . . . . . . . . . . . . . . . . -26%
Last 20 Years                                   75%
Decline From All Time High               29.04%


Annual Home Price Appreciation Rates
1988      9.19%
1989      7.77%
1990      -1.12%
1991      -0.17%
1992      1.35%
1993      1.25%
1994      -6.66%
1995      3.64%
1996      0.69%
1997      4.35%
1998      4.93%
1999      2.50%
2000      7.67%
2001      10.00%
2002      11.92%
2003      15.29%
2004      19.67%
2005      19.78%
2006      7.00%
2007      -3.47%
2008      -7.70%
2009      -9.11%
2010      -1.24%
2011      -5.62%
2012      -4.47%
2013      -1.43%
2014      1.94%
2015      -2.51%
2016      3.22%
2017      -3.58%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.93%         Rank: 218 of 381 (42nd Percentile)
Last Year  . . . . . . . . . . . . . . . .  3.8%           Rank: 282 of 381 (26th Percentile)
Last 5 Years                              -2%             Rank: 377 of 381 (1st Percentile)
Last 10 Years  . . . . . . . . . . . .   -26%           Rank: 381 of 381 (Bottom .00%)
Last 20 Years                            75%            Rank: 205 of 379 (46th Percentile)
Decline From All Time High        29.04%

The change in home prices for Atlantic City-Hammonton, NJ are shown above
for five time periods. For example: Atlantic City appreciated 0.93% in the Last
Quarter. At that rate, the Atlantic City Real Estate Market was ranked 218th out
of 381 metropolitan Real Estate Markets. Atlantic City was in the 42nd
percentile. So Atlantic City, NJ performed better in the Last Quarter than 42% of
the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Atlantic City, New Jersey

The data and analysis on this page pertains to Atlantic City-Hammonton, NJ,
hereinafter referred to as "Atlantic City". The all time high in the Atlantic City
Home Price Index was 274.6 in the 4th Quarter, of 2006. The 1st Quarter, 2018
index value was 194.9. That's a decline of 79.75 points or 29.04% below the
Atlantic City Home Price Index all time high.  The Home Price Index indicates
that the Atlantic City Market is down 26% over the last 10 years. Home prices in
the Atlantic City Real Estate Market have gained 3.79% over the last 12
months. Over the last thirty years, it is up 110%.

The 1st Quarter index value was 1.80 points higher than the 4th Quarter, 2017
index value of 193.05, resulting in a 0.93% rise in the 1st Quarter for the
Atlantic City Market.

The Atlantic City Home Price Index has increased for the last 4 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 27 consecutive quarters. The current record holders for consecutive
declines in the Home Price Index are Tallahassee, FL; Syracuse, NY; Sioux City,
IA; Shreveport, LA and Peoria, IL, with declines in the last 3 consecutive
quarters.

The highest annual change in the value of houses in the Atlantic City Real
Estate Market was 23% in the twelve months ended with the 2nd Quarter of
2005. The worst annual change in home values  in the Atlantic City Market was
-9% in the twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Atlantic City Real Estate Market over
a three year period was 65% in the three years ended with the 4th Quarter of
2005. The worst performance over a three year period in the Atlantic City
Market was -20% in the three years ended with the 2nd Quarter of 2010.

This page provides a long term graph of the Atlantic City Home Price Index
(above). For information about New Jersey 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 Atlantic City 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 Atlantic City 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 Atlantic City 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
1st Quarter, 2018 Housing Data: Atlantic City, New Jersey

The trend of Atlantic City 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. The data and analysis on this page pertains
to Atlantic City-Hammonton, NJ, hereinafter referred to as "Atlantic City".

Last Quarter:
During the 1st Quarter of 2018, Atlantic City Home Prices had a rank of 218,
with appreciation of 0.93%. The top performing real estate market during the
1st Quarter was Goldsboro, NC, with a rise of 9.78%. The worst market during
that period was Cumberland, MD, with appreciation of -9.30%.
The median for all cities during the 1st Quarter was 1.15%. The average for all
markets during the quarter was 0.97%.

Last Year:
During the last 12 months, Atlantic City Home Prices had a rank of 282, with
appreciation during the year of 3.79%. The top performing market during the
last year was Boise City, ID, with an increase of 15.3%. The worst real estate
market during that period was Farmington, NM, with appreciation of -6.0%.
The median for all markets during this period was 5.97%. The average was
5.82%.

Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2018, Atlantic City Home Prices
ranked 377, with a total appreciation of -2.2%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 90%.
The worst market during that period was Farmington, NM, with appreciation of
-4%.
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 1st Quarter of 2018, Atlantic City Home Prices
had the worst performance in the country, with appreciation during the decade
of -26%. The top performer during the period was Denver, CO, with
appreciation of 69%.
The median for all markets during the last 10 years was 8%. The average for
the cities over that time frame was 9%.

Last 20 Years:
During the 20 years ended in the 1st Quarter of 2018, Atlantic City Home Prices
had a rank of 205, with total growth over the 20 year period of 75%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 282%. The worst market during the last 20 years was Rockford, IL,
with appreciation of 18%.
The median for all cities during the last 20 years was 79%. The average for the
markets over that time frame was 88%.

Historical research data on the Home Price Index for the Atlantic City Real
Estate Market is available back to the 3rd Quarter, of 1983. All calculations are
based on the quarterly value of the House Price Index for Atlantic City. 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 Friday, June 8, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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