El Paso, TX - House Price Index (HPI)
El Paso Real Estate Market Forecast
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The House Price Index (HPI) shows changes in El Paso, TX single family home prices in logarithmic
scale. The March, 1995 index value equals 100.  Updated Monday, June 22, 2015. Real estate
forecasts, analysis, statistics and appreciation rates are provided below.
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El Paso Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  18546
3rd Quarter, 2014 Housing Statistics: El Paso, Texas


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      68%

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 El Paso housing market for the 12
months ending with the 3rd Quarter of 2015 is DOWN. The Accuracy of the
Trend Projection for El Paso is 68%. In other words, when tested against
historical data, the forecasting methodology was correct 68% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for falling house
prices in El Paso is 68% during this period. If this Housing Market Forecast is
correct, home prices will be lower in the 3rd Quarter of 2015 than they were in
the 3rd Quarter of 2014. Check this page each quarter for updates to the El
Paso Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      76%

The forecast for the trend in the El Paso housing market for the 3 years ending
with the 3rd Quarter of 2017 is DOWN. The Accuracy of the Trend Prediction
for El Paso is 76%. In other words, when tested against historical data, the
forecasting methodology was correct 76% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for falling house prices in El
Paso is 76% during this period. If this Housing Market Forecast is correct, home
values will be lower in the 3rd Quarter of 2017 than they were in the 3rd
Quarter of 2014. Check this page each quarter for updates to the El Paso Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2014 Housing Data: El Paso, Texas


Historical Home Price Appreciation
Last Quarter                                     0.62%
Last Year . . . . . . . . . . . . . . . . . . . .  -0.5%
Last 5 Years                                     -3%
Last 10 Years . . . . . . . . . . . . . . . . . 30%
Last 20 Years                                   63%
Decline From All Time High               6.86%


Annual Home Price Appreciation Rates
1984      -0.86%
1985      -3.00%
1986      3.03%
1987      -2.52%
1988      1.88%
1989      2.08%
1990      0.22%
1991      3.45%
1992      3.28%
1993      3.81%
1994      0.60%
1995      3.53%
1996      -3.86%
1997      2.84%
1998      2.13%
1999      0.12%
2000      2.27%
2001      5.48%
2002      3.60%
2003      3.77%
2004      5.18%
2005      12.61%
2006      14.65%
2007      5.24%
2008      -1.59%
2009      -2.84%
2010      -0.01%
2011      -1.25%
2012      -1.56%
2013      0.22%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.62%         Rank: 279 of 381 (26th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -0.5%          Rank: 363 of 381 (4th Percentile)
Last 5 Years                              -3%             Rank: 261 of 381 (31st Percentile)
Last 10 Years  . . . . . . . . . . . .   30%            Rank: 39 of 381 (90th Percentile)
Last 20 Years                            63%            Rank: 275 of 378 (27th Percentile)
Decline From All Time High        6.86%

The change in home prices for El Paso, TX are shown above for five time
periods. For example: El Paso appreciated 0.62% in the Last Quarter. At that
rate, the El Paso Real Estate Market was ranked 279th out of 381 metropolitan
Real Estate Markets. El Paso was in the 26th percentile. So El Paso, TX
performed better in the Last Quarter than 26% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2014 Housing Statistics: El Paso, Texas

The all time high in the El Paso Home Price Index was 175.3 in the 1st Quarter,
of 2008. The 3rd Quarter, 2014 index value was 163.2. That's a decline of
12.02 points or 6.86% below the El Paso Home Price Index all time high.  The
Home Price Index indicates that the El Paso Market is up 30% over the last 10
years. Home Prices in the El Paso Real Estate Market have lost 0.54% over the
last 12 months. Over the last thirty years, it is up 83%.

The 3rd Quarter index value was 1.01 points higher than the 2nd Quarter, 2014
index value of 162.23, resulting in a 0.62% rise in the 3rd Quarter for the El
Paso Market.

The El Paso 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 13 consecutive 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 highest annual change in the value of houses in the El Paso Real Estate
Market was 16% in the twelve months ended with the 3rd Quarter of 2006. The
worst annual change in home values  in the El Paso Market was -5% in the
twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the El Paso Real Estate Market over a
three year period was 38% in the three years ended with the 2nd Quarter of
2007. The worst performance over a three year period in the El Paso Market
was -6% in the three years ended with the 1st Quarter of 2012.

This page provides a long term graph of the El Paso 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 El Paso 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 El Paso 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 El Paso 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: El Paso, Texas

The trend of El Paso 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, El Paso Home Prices had a rank of 279, with
appreciation of 0.62%. 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, El Paso Home Prices had a rank of 363, with
appreciation during the year of -0.54%. 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, El Paso Home Prices
ranked 261, with a total appreciation of -2.5%. 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, El Paso Home Prices
had a rank of 39, with appreciation during the decade of 30%. 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, El Paso Home Prices
had a rank of 275, with total growth over the 20 year period of 63%. 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 El Paso Real Estate
Market is available back to the 4th Quarter, of 1982. All calculations are based
on the quarterly value of the House Price Index for El Paso. 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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