El Paso, TX - House Price Index (HPI)
El Paso Real Estate Market Forecast
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.  Real estate forecasts, analysis, statistics and
appreciation rates are provided below.
El Paso Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  26928
2nd Quarter, 2017 Housing Statistics: El Paso, Texas


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      67%

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 2nd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for El Paso is 67%. In other words, when tested against historical
data, the forecasting methodology was correct 67% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in El
Paso is 67% 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 El Paso Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      72%

The forecast for the trend in the El Paso housing market for the 3 years ending
with the 2nd Quarter of 2020 is UP. The Accuracy of the Trend Prediction for El
Paso 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 El
Paso 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 El Paso Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
2nd Quarter, 2017 Housing Data: El Paso, Texas


Historical Home Price Appreciation
Last Quarter                                     0.00%
Last Year . . . . . . . . . . . . . . . . . . . .  1.4%
Last 5 Years                                     6%
Last 10 Years . . . . . . . . . . . . . . . . . -1%
Last 20 Years                                   68%
Decline From All Time High               2.95%


Annual Home Price Appreciation Rates
1987      -2.48%
1988      1.80%
1989      2.25%
1990      0.15%
1991      3.45%
1992      3.34%
1993      3.80%
1994      0.47%
1995      3.60%
1996      -3.81%
1997      2.56%
1998      2.20%
1999      0.28%
2000      2.33%
2001      5.43%
2002      3.58%
2003      3.90%
2004      4.92%
2005      12.72%
2006      14.66%
2007      5.15%
2008      -1.63%
2009      -2.77%
2010      0.08%
2011      -1.53%
2012      -1.45%
2013      0.02%
2014      1.38%
2015      2.61%
2016      0.32%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.00%         Rank: 334 of 381 (12th Percentile)
Last Year  . . . . . . . . . . . . . . . .  1.4%           Rank: 335 of 381 (12th Percentile)
Last 5 Years                              6%              Rank: 344 of 381 (9th Percentile)
Last 10 Years  . . . . . . . . . . . .   -1%            Rank: 240 of 381 (37th Percentile)
Last 20 Years                            68%            Rank: 247 of 379 (34th Percentile)
Decline From All Time High        2.95%

The change in home prices for El Paso, TX are shown above for five time
periods. For example: El Paso appreciated 0.00% in the Last Quarter. At that
rate, the El Paso Real Estate Market was ranked 334th out of 381 metropolitan
Real Estate Markets. El Paso was in the 12th percentile. So El Paso, TX
performed better in the Last Quarter than 12% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
2nd Quarter, 2017 Housing Statistics: El Paso, Texas

The all time high in the El Paso Home Price Index was 175.0 in the 1st Quarter,
of 2008. The 2nd Quarter, 2017 index value was 169.8. That's a decline of 5.16
points or 2.95% below the El Paso Home Price Index all time high.  The Home
Price Index indicates that the El Paso Market is down 1% over the last 10 years.
Home prices in the El Paso Real Estate Market have gained 1.45% over the last
12 months. Over the last thirty years, it is up 89%.

That's the same as the 1st Quarter, 2017 close, resulting in a 0.00% rise in the
2nd Quarter for the El Paso Market.

The El Paso Home Price Index increased in the last quarter after falling in the
previous 0 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 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 El Paso Real Estate
Market was 16% in the twelve months ended with the 2nd Quarter of 2006. The
worst annual change in home values  in the El Paso Market was -5% in the
twelve months ended with the 2nd Quarter of 1988.

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
2nd Quarter, 2017 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 2nd Quarter of 2017, El Paso Home Prices had a rank of 334, with
appreciation of 0.00%. 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, El Paso Home Prices had a rank of 335, with
appreciation during the year of 1.45%. 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, El Paso Home Prices
ranked 344, with a total appreciation of 6.0%. 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, El Paso Home Prices
had a rank of 240, with appreciation during the decade of -1%. 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, El Paso Home Prices
had a rank of 247, with total growth over the 20 year period of 68%. 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 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.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Friday, November 17, 2017.
SignalTrend  Inc. 2008 - 2017; All rights reserved.


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