Chattanooga, TN - House Price Index (HPI)
Chattanooga Real Estate Market Forecast
The House Price Index (HPI) shows changes in Chattanooga, TN-GA 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.
Chattanooga Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  1029.56
1st Quarter, 2018 Housing Statistics: Chattanooga, Tennessee


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      87%

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 Chattanooga housing market for the
12 months ending with the 1st Quarter of 2019 is UP. The Accuracy of the
Trend Projection for Chattanooga is 87%. In other words, when tested against
historical data, the forecasting methodology was correct 87% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Chattanooga is 87% 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
Chattanooga Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      86%

The forecast for the trend in the Chattanooga housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Chattanooga 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 Chattanooga is 86% 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
Chattanooga Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Chattanooga, Tennessee


Historical Home Price Appreciation
Last Quarter                                     -1.16%
Last Year . . . . . . . . . . . . . . . . . . . .  6.0%
Last 5 Years                                     20%
Last 10 Years . . . . . . . . . . . . . . . . . 14%
Last 20 Years                                   76%
Decline From All Time High               1.16%


Annual Home Price Appreciation Rates
1988      3.45%
1989      1.82%
1990      0.79%
1991      2.98%
1992      3.92%
1993      4.33%
1994      2.79%
1995      6.25%
1996      5.38%
1997      3.39%
1998      5.07%
1999      3.31%
2000      4.08%
2001      5.86%
2002      3.99%
2003      4.53%
2004      5.55%
2005      7.84%
2006      4.11%
2007      1.74%
2008      -1.76%
2009      -1.48%
2010      0.68%
2011      -2.43%
2012      0.32%
2013      1.42%
2014      2.39%
2015      4.43%
2016      2.44%
2017      9.51%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -1.16%        Rank: 333 of 381 (12th Percentile)
Last Year  . . . . . . . . . . . . . . . .  6.0%           Rank: 185 of 381 (51st Percentile)
Last 5 Years                              20%            Rank: 189 of 381 (50th Percentile)
Last 10 Years  . . . . . . . . . . . .   14%            Rank: 126 of 381 (67th Percentile)
Last 20 Years                            76%            Rank: 203 of 379 (46th Percentile)
Decline From All Time High        1.16%

The change in home prices for Chattanooga, TN-GA are shown above for five
time periods. For example: Chattanooga appreciated -1.16% in the Last
Quarter. At that rate, the Chattanooga Real Estate Market was ranked 333rd
out of 381 metropolitan Real Estate Markets. Chattanooga was in the 12th
percentile. So Chattanooga, TN performed better in the Last Quarter than 12%
of the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Chattanooga, Tennessee

The all time high in the Chattanooga Home Price Index was 208.6 in the 4th
Quarter, of 2017. The 1st Quarter, 2018 index value was 206.2. That's a
decline of 2.42 points or 1.16% below the Chattanooga Home Price Index all
time high.  The Home Price Index indicates that the Chattanooga Market is up
14% over the last 10 years. Home prices in the Chattanooga Real Estate
Market have gained 6.01% over the last 12 months. Over the last thirty years, it
is up 146%.

The 1st Quarter index value was 2.42 points lower than the 4th Quarter, 2017
index value of 208.64, resulting in a 1.16% decline for the 1st Quarter in the
Chattanooga Market.

The Chattanooga Home Price Index declined in the last quarter after increasing
in the previous 17 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 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 highest annual change in the value of houses in the Chattanooga Real
Estate Market was 20% in the twelve months ended with the 3rd Quarter of
1985. The worst annual change in home values  in the Chattanooga Market
was -7% in the twelve months ended with the 3rd Quarter of 1984.

The highest growth in home values in the Chattanooga Real Estate Market over
a three year period was 36% in the three years ended with the 3rd Quarter of
1987. The worst performance over a three year period in the Chattanooga
Market was -7% in the three years ended with the 2nd Quarter of 2011.

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

The trend of Chattanooga 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 1st Quarter of 2018, Chattanooga Home Prices had a rank of 333,
with appreciation of -1.16%. 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, Chattanooga Home Prices had a rank of 185, with
appreciation during the year of 6.01%. 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, Chattanooga Home
Prices ranked 189, with a total appreciation of 20.1%. 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, Chattanooga Home
Prices had a rank of 126, with appreciation during the decade of 14%. The top
performing market during the period was Denver, CO, with a rise of 69%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -26%.
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, Chattanooga Home
Prices had a rank of 203, with total growth over the 20 year period of 76%. 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 Chattanooga Real
Estate Market is available back to the 2nd Quarter, of 1982. All calculations are
based on the quarterly value of the House Price Index for Chattanooga. 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 Wednesday, June 13, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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