Birmingham, AL - House Price Index (HPI)
Birmingham Real Estate Market Forecast
The House Price Index (HPI) shows changes in Birmingham-Hoover, AL 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.
Birmingham Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  27622
3rd Quarter, 2017 Housing Statistics: Birmingham, Alabama


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      86%

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 Birmingham housing market for the 12
months ending with the 3rd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Birmingham is 86%. In other words, when tested against historical
data, the forecasting methodology was correct 86% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Birmingham is 86% 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
Birmingham Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      82%

The forecast for the trend in the Birmingham housing market for the 3 years
ending with the 3rd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Birmingham is 82%. In other words, when tested against historical
data, the forecasting methodology was correct 82% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Birmingham is 82% 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
Birmingham Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: Birmingham, Alabama


Historical Home Price Appreciation
Last Quarter                                     1.16%
Last Year . . . . . . . . . . . . . . . . . . . .  4.5%
Last 5 Years                                     19%
Last 10 Years . . . . . . . . . . . . . . . . . 8%
Last 20 Years                                   67%



Annual Home Price Appreciation Rates
1987      2.60%
1988      3.11%
1989      3.77%
1990      1.33%
1991      5.02%
1992      3.73%
1993      5.34%
1994      4.88%
1995      5.42%
1996      3.60%
1997      4.59%
1998      4.97%
1999      2.80%
2000      3.27%
2001      5.75%
2002      3.97%
2003      4.20%
2004      6.49%
2005      6.81%
2006      5.40%
2007      1.24%
2008      -0.05%
2009      -4.20%
2010      -2.49%
2011      -2.76%
2012      -0.52%
2013      -0.39%
2014      4.89%
2015      3.53%
2016      4.61%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.16%         Rank: 226 of 381 (40th Percentile)
Last Year  . . . . . . . . . . . . . . . .  4.5%           Rank: 226 of 381 (40th Percentile)
Last 5 Years                              19%            Rank: 205 of 381 (46th Percentile)
Last 10 Years  . . . . . . . . . . . .   8%              Rank: 161 of 381 (57th Percentile)
Last 20 Years                            67%            Rank: 247 of 379 (34th Percentile)


The change in home prices for Birmingham-Hoover, AL are shown above for
five time periods. For example: Birmingham appreciated 1.16% in the Last
Quarter. At that rate, the Birmingham Real Estate Market was ranked 226th out
of 381 metropolitan Real Estate Markets. Birmingham was in the 40th
percentile. So Birmingham, AL performed better in the Last Quarter than 40%
of the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2017 Housing Statistics: Birmingham, Alabama

The data and analysis on this page pertains to Birmingham-Hoover, AL,
hereinafter referred to as "Birmingham". The all time high in the Birmingham
Home Price Index was 187.5 in the 3rd Quarter, of 2017.  The Home Price Index
indicates that the Birmingham Market is up 8% over the last 10 years. Home
prices in the Birmingham Real Estate Market have gained 4.51% over the last
12 months. Over the last thirty years, it is up 146%.

The 3rd Quarter index value was 2.15 points higher than the 2nd Quarter, 2017
index value of 185.32, resulting in a 1.16% rise in the 3rd Quarter for the
Birmingham Market.

The Birmingham Home Price Index has increased for 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 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 Birmingham Real
Estate Market was 15% in the twelve months ended with the 1st Quarter of
1984. The worst annual change in home values  in the Birmingham Market was
-7% in the twelve months ended with the 3rd Quarter of 1982.

The highest growth in home values in the Birmingham Real Estate Market over
a three year period was 21% in the three years ended with the 3rd Quarter of
1985. The worst performance over a three year period in the Birmingham
Market was -12% in the three years ended with the 1st Quarter of 2012.

This page provides a long term graph of the Birmingham Home Price Index
(above). For information about Alabama 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 Birmingham 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 Birmingham 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 Birmingham 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: Birmingham, Alabama

The trend of Birmingham 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 Birmingham-Hoover, AL, hereinafter referred to as "Birmingham".

Last Quarter:
During the 3rd Quarter of 2017, Birmingham Home Prices had a rank of 226,
with appreciation of 1.16%. 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, Birmingham Home Prices had a rank of 226, with
appreciation during the year of 4.51%. 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, Birmingham Home Prices
ranked 205, with a total appreciation of 18.6%. 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, Birmingham Home
Prices had a rank of 161, with appreciation during the decade of 8%. 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, Birmingham Home
Prices had a rank of 247, with total growth over the 20 year period of 67%. 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 Birmingham Real
Estate Market is available back to the 3rd Quarter, of 1978. All calculations are
based on the quarterly value of the House Price Index for Birmingham. 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 Monday, December 11, 2017.
SignalTrend  Inc. 2008 - 2017; All rights reserved.


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