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  1045.56
1st Quarter, 2018 Housing Statistics: Corpus Christi, Texas


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      71%

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 1st Quarter of 2019 is UP. The Accuracy of the
Trend Projection for Corpus Christi is 71%. In other words, when tested against
historical data, the forecasting methodology was correct 71% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Corpus Christi is 71% 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 Corpus Christi Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      74%

The forecast for the trend in the Corpus Christi housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Corpus Christi is 74%. In other words, when tested against
historical data, the forecasting methodology was correct 74% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Corpus Christi is 74% 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 Corpus Christi Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Corpus Christi, Texas


Historical Home Price Appreciation
Last Quarter                                     3.72%
Last Year . . . . . . . . . . . . . . . . . . . .  7.7%
Last 5 Years                                     28%
Last 10 Years . . . . . . . . . . . . . . . . . 28%
Last 20 Years                                   99%
Decline From All Time High               0.60%


Annual Home Price Appreciation Rates
1988      1.19%
1989      -0.86%
1990      -2.31%
1991      5.18%
1992      4.98%
1993      5.48%
1994      2.17%
1995      3.34%
1996      3.18%
1997      0.92%
1998      3.11%
1999      2.77%
2000      2.84%
2001      4.73%
2002      5.74%
2003      3.98%
2004      9.20%
2005      7.11%
2006      4.49%
2007      2.92%
2008      0.85%
2009      -0.37%
2010      -2.81%
2011      -0.52%
2012      1.61%
2013      4.86%
2014      9.40%
2015      4.35%
2016      5.13%
2017      -1.01%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              3.72%         Rank: 29 of 381 (92nd Percentile)
Last Year  . . . . . . . . . . . . . . . .  7.7%           Rank: 109 of 381 (71st Percentile)
Last 5 Years                              28%            Rank: 129 of 381 (66th Percentile)
Last 10 Years  . . . . . . . . . . . .   28%            Rank: 35 of 381 (91st Percentile)
Last 20 Years                            99%            Rank: 124 of 379 (67th Percentile)
Decline From All Time High        0.60%

The change in home prices for Corpus Christi, TX are shown above for five time
periods. For example: Corpus Christi appreciated 3.72% in the Last Quarter. At
that rate, the Corpus Christi Real Estate Market was ranked 29th out of 381
metropolitan Real Estate Markets. Corpus Christi was in the 92nd percentile. So
Corpus Christi, TX performed better in the Last Quarter than 92% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Corpus Christi, Texas

The all time high in the Corpus Christi Home Price Index was 217.8 in the 3rd
Quarter, of 2017. The 1st Quarter, 2018 index value was 216.5. That's a
decline of 1.31 points or 0.60% below the Corpus Christi Home Price Index all
time high.  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 7.67% over the last 12 months. Over the last thirty years, it
is up 167%.

The 1st Quarter index value was 7.76 points higher than the 4th Quarter, 2017
index value of 208.72, resulting in a 3.72% rise in the 1st 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 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 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 -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 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
1st Quarter, 2018 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 1st Quarter of 2018, Corpus Christi Home Prices had a rank of 29,
with appreciation of 3.72%. 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, Corpus Christi Home Prices had a rank of 109, with
appreciation during the year of 7.67%. 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, Corpus Christi Home
Prices ranked 129, with a total appreciation of 28.0%. 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, Corpus Christi Home
Prices had a rank of 35, with appreciation during the decade of 28%. 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, Corpus Christi Home
Prices had a rank of 124, with total growth over the 20 year period of 99%. 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 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, June 20, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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