Corpus Christi, TX - House Price Index (HPI)
Corpus Christi Real Estate Market Forecast
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The House Price Index (HPI) shows changes in Corpus Christi, TX single family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Updated Friday, June 19, 2015. Real
estate forecasts, analysis, statistics and appreciation rates are provided below.
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Corpus Christi Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  18523
3rd Quarter, 2014 Housing Statistics: Corpus Christi, Texas


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      70%

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 Corpus Christi housing market for the
12 months ending with the 3rd Quarter of 2015 is UP. The Accuracy of the
Trend Projection for Corpus Christi is 70%. In other words, when tested against
historical data, the forecasting methodology was correct 70% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Corpus Christi is 70% during this period. If this Housing Market
Forecast is correct, home prices will be higher in the 3rd Quarter of 2015 than
they were in the 3rd Quarter of 2014. Check this page each quarter for updates
to the Corpus Christi Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      73%

The forecast for the trend in the Corpus Christi housing market for the 3 years
ending with the 3rd Quarter of 2017 is UP. The Accuracy of the Trend
Prediction for Corpus Christi 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 Corpus Christi is 73% during this period. If this Housing Market
Forecast is correct, home values will be higher in the 3rd Quarter of 2017 than
they were in the 3rd Quarter of 2014. Check this page each quarter for updates
to the Corpus Christi Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2014 Housing Data: Corpus Christi, Texas


Historical Home Price Appreciation
Last Quarter                                     -0.76%
Last Year . . . . . . . . . . . . . . . . . . . .  6.5%
Last 5 Years                                     8%
Last 10 Years . . . . . . . . . . . . . . . . . 32%
Last 20 Years                                   87%
Decline From All Time High               0.76%


Annual Home Price Appreciation Rates
1984      -4.40%
1985      5.21%
1986      -0.85%
1987      -9.91%
1988      1.40%
1989      -1.13%
1990      -2.25%
1991      5.32%
1992      4.97%
1993      5.37%
1994      2.18%
1995      3.17%
1996      3.27%
1997      0.98%
1998      3.02%
1999      2.70%
2000      2.95%
2001      4.69%
2002      5.74%
2003      3.98%
2004      9.14%
2005      7.12%
2006      4.55%
2007      3.10%
2008      1.07%
2009      -0.30%
2010      -3.06%
2011      -0.49%
2012      1.25%
2013      5.46%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.76%        Rank: 347 of 381 (8th Percentile)
Last Year  . . . . . . . . . . . . . . . .  6.5%           Rank: 103 of 381 (73rd Percentile)
Last 5 Years                              8%              Rank: 90 of 381 (76th Percentile)
Last 10 Years  . . . . . . . . . . . .   32%            Rank: 32 of 381 (91st Percentile)
Last 20 Years                            87%            Rank: 131 of 378 (65th Percentile)
Decline From All Time High        0.76%

The change in home prices for Corpus Christi, TX are shown above for five time
periods. For example: Corpus Christi appreciated -0.76% in the Last Quarter.
At that rate, the Corpus Christi Real Estate Market was ranked 347th out of 381
metropolitan Real Estate Markets. Corpus Christi was in the 8th percentile. So
Corpus Christi, TX performed better in the Last Quarter than 8% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2014 Housing Statistics: Corpus Christi, Texas

The all time high in the Corpus Christi Home Price Index was 190.3 in the 2nd
Quarter, of 2014. The 3rd Quarter, 2014 index value was 188.8. That's a
decline of 1.45 points or 0.76% below the Corpus Christi Home Price Index all
time high.  The Home Price Index indicates that the Corpus Christi Market is up
32% over the last 10 years. Home prices in the Corpus Christi Real Estate
Market have gained 6.48% over the last 12 months. Over the last thirty years, it
is up 99%.

The 3rd Quarter index value was 1.45 points lower than the 2nd Quarter, 2014
index value of 190.27, resulting in a 0.76% decline for the 3rd Quarter in the
Corpus Christi Market.

The Corpus Christi Home Price Index declined in the last quarter after
increasing in the previous 2 quarters. The current record holder for consecutive
declines in the Home Price Index is Terre Haute, IN, 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 13 consecutive quarters.

The highest annual change in the value of houses in the Corpus Christi Real
Estate Market was 30% in the twelve months ended with the 4th Quarter of
1980. The worst annual change in home values  in the Corpus Christi Market
was -16% in the twelve months ended with the 1st Quarter of 1988.

The highest growth in home values in the Corpus Christi Real Estate Market
over a three year period was 52% in the three years ended with the 4th Quarter
of 1982. The worst performance over a three year period in the Corpus Christi
Market was -14% in the three years ended with the 1st Quarter of 1988.

This page provides a long term graph of the Corpus Christi Home Price Index
(above). For information about Texas 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 Corpus Christi 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 Corpus Christi 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 Corpus Christi 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, 2014 Housing Data: Corpus Christi, Texas

The trend of Corpus Christi 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 2014, Corpus Christi Home Prices had a rank of 347,
with appreciation of -0.76%. The top performing real estate market during the
3rd Quarter was Johnstown, PA, with a rise of 7.10%. The worst market during
that period was Farmington, NM, with appreciation of -4.09%.
The median for all cities during the 3rd Quarter was 1.44%. The average for all
markets during the quarter was 1.49%.

Last Year:
During the last 12 months, Corpus Christi Home Prices had a rank of 103, with
appreciation during the year of 6.48%. The top performing market during the
last year was Madera, CA, with an increase of 19.4%. The worst real estate
market during that period was Jacksonville, NC, with appreciation of -4.5%.
The median for all markets during this period was 3.94%. The average was
4.71%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2014, Corpus Christi Home
Prices ranked 90, with a total appreciation of 8.2%. The top performing real
estate market during the 5 year period was Merced, CA, with a growth in value
of 45%. The worst market during that period was Ocala, FL, with appreciation of
-16%.
The median for all cities during this time period was 1%. The average over the
5 years was 3%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2014, Corpus Christi Home
Prices had a rank of 32, with appreciation during the decade of 32%. The top
performing market during the period was Midland, TX, with a rise of 129%. The
worst real estate market during the 10 year time period was Las Vegas, NV, with
appreciation of -27%.
The median for all markets during the last 10 years was 10%. The average for
the cities over that time frame was 11%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2014, Corpus Christi Home
Prices had a rank of 131, with total growth over the 20 year period of 87%. The
top performing real estate market during the period was San Francisco, CA,
with an increase of 229%. The worst market during the last 20 years was
Rockford, IL, with appreciation of 23%.
The median for all cities during the last 20 years was 75%. The average for the
markets over that time frame was 82%.

Historical research data on the Home Price Index for the Corpus Christi Real
Estate Market is available back to the 3rd Quarter, of 1979. All calculations are
based on the quarterly value of the House Price Index for Corpus Christi. 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.)





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