Corpus Christi, TX - House Price Index (HPI)
Corpus Christi Real Estate Market Forecast
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.  Real estate forecasts, analysis, statistics
and appreciation rates are provided below.
Corpus Christi Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  26905
2nd Quarter, 2017 Housing Statistics: Corpus Christi, Texas


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      72%

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 2nd Quarter of 2018 is UP. The Accuracy of the
Trend Projection for Corpus Christi is 72%. In other words, when tested against
historical data, the forecasting methodology was correct 72% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Corpus Christi is 72% during this period. If this Housing Market
Forecast is correct, home prices will be higher in the 2nd Quarter of 2018 than
they were in the 2nd Quarter of 2017. Check this page each quarter for
updates to the Corpus Christi Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      72%

The forecast for the trend in the Corpus Christi housing market for the 3 years
ending with the 2nd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Corpus Christi is 72%. In other words, when tested against
historical data, the forecasting methodology was correct 72% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Corpus Christi is 72% during this period. If this Housing Market
Forecast is correct, home values will be higher in the 2nd Quarter of 2020 than
they were in the 2nd Quarter of 2017. Check this page each quarter for
updates to the Corpus Christi Real Estate Market Forecast.




Part 2: MARKET SUMMARY
2nd Quarter, 2017 Housing Data: Corpus Christi, Texas


Historical Home Price Appreciation
Last Quarter                                     7.34%
Last Year . . . . . . . . . . . . . . . . . . . .  5.0%
Last 5 Years                                     32%
Last 10 Years . . . . . . . . . . . . . . . . . 28%
Last 20 Years                                   106%



Annual Home Price Appreciation Rates
1987      -10.23%
1988      1.24%
1989      -0.75%
1990      -2.47%
1991      5.18%
1992      4.91%
1993      5.53%
1994      2.19%
1995      3.41%
1996      3.10%
1997      0.93%
1998      3.10%
1999      2.80%
2000      2.77%
2001      4.76%
2002      5.74%
2003      3.98%
2004      9.16%
2005      7.13%
2006      4.45%
2007      2.98%
2008      0.88%
2009      -0.35%
2010      -2.94%
2011      -0.46%
2012      1.75%
2013      4.78%
2014      9.57%
2015      4.51%
2016      4.94%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              7.34%         Rank: 7 of 381 (98th Percentile)
Last Year  . . . . . . . . . . . . . . . .  5.0%           Rank: 208 of 381 (45th Percentile)
Last 5 Years                              32%            Rank: 103 of 381 (73rd Percentile)
Last 10 Years  . . . . . . . . . . . .   28%            Rank: 26 of 381 (93rd Percentile)
Last 20 Years                            106%          Rank: 105 of 379 (72nd Percentile)


The change in home prices for Corpus Christi, TX are shown above for five time
periods. For example: Corpus Christi appreciated 7.34% in the Last Quarter. At
that rate, the Corpus Christi Real Estate Market was ranked 7th out of 381
metropolitan Real Estate Markets. Corpus Christi was in the 98th percentile. So
Corpus Christi, TX performed better in the Last Quarter than 98% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
2nd Quarter, 2017 Housing Statistics: Corpus Christi, Texas

The all time high in the Corpus Christi Home Price Index was 217.4 in the 2nd
Quarter, of 2017.  The Home Price Index indicates that the Corpus Christi
Market is up 28% over the last 10 years. Home prices in the Corpus Christi Real
Estate Market have gained 5.04% over the last 12 months. Over the last thirty
years, it is up 135%.

The 2nd Quarter index value was 14.86 points higher than the 1st Quarter,
2017 index value of 202.55, resulting in a 7.34% rise in the 2nd Quarter for the
Corpus Christi Market.

The Corpus Christi 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 24 consecutive quarters. The current record holders for
consecutive declines in the Home Price Index are Manhattan, KS and Longview,
TX, with declines in the last 3 consecutive quarters.

The highest annual change in the value of houses in the Corpus Christi Real
Estate Market was 28% in the twelve months ended with the 4th Quarter of
1980. The worst annual change in home values  in the Corpus Christi Market
was -15% 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 24% in the three years ended with the 2nd
Quarter of 2006. 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
2nd Quarter, 2017 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 2nd Quarter of 2017, Corpus Christi Home Prices had a rank of 7,
with appreciation of 7.34%. The top performing real estate market during the
2nd Quarter was Weirton, OH, with a rise of 14.58%. The worst market during
that period was Bangor, ME, with appreciation of -4.77%.
The median for all cities during the 2nd Quarter was 2.58%. The average for all
markets during the quarter was 2.50%.

Last Year:
During the last 12 months, Corpus Christi Home Prices had a rank of 208, with
appreciation during the year of 5.04%. The top performing market during the
last year was Mount Vernon, WA, with an increase of 15.1%. The worst real
estate market during that period was Pine Bluff, AR, with appreciation of -7.9%.
The median for all markets during this period was 5.39%. The average was
5.53%.

Last 5 Years:
Over the 5 years ended with the 2nd Quarter of 2017, Corpus Christi Home
Prices ranked 103, with a total appreciation of 32.4%. The top performing real
estate market during the 5 year period was Reno, NV, with a growth in value of
93%. The worst market during that period was Jacksonville, NC, with
appreciation of -3%.
The median for all cities during this time period was 18%. The average over the
5 years was 25%.

Last 10 Years:
During the 10 years ended in the 2nd Quarter of 2017, Corpus Christi Home
Prices had a rank of 26, with appreciation during the decade of 28%. The top
performing market during the period was Austin, TX, with a rise of 62%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -29%.
The median for all markets during the last 10 years was 4%. The average for
the cities over that time frame was 5%.

Last 20 Years:
During the 20 years ended in the 2nd Quarter of 2017, Corpus Christi Home
Prices had a rank of 105, with total growth over the 20 year period of 106%.
The top performing real estate market during the period was San Francisco,
CA, with an increase of 289%. The worst market during the last 20 years was
Saginaw, MI, with appreciation of 20%.
The median for all cities during the last 20 years was 79%. The average for the
markets over that time frame was 89%.

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.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Wednesday, November 15, 2017.
SignalTrend  Inc. 2008 - 2017; All rights reserved.


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