Hattiesburg, MS - House Price Index (HPI)
Hattiesburg Real Estate Market Forecast
The House Price Index (HPI) shows changes in Hattiesburg, MS 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.
Hattiesburg Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  351.56
4th Quarter, 2017 Housing Statistics: Hattiesburg, Mississippi


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      80%

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 Hattiesburg housing market for the 12
months ending with the 4th Quarter of 2018 is DOWN. The Accuracy of the
Trend Projection for Hattiesburg is 80%. In other words, when tested against
historical data, the forecasting methodology was correct 80% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for falling house
prices in Hattiesburg is 80% during this period. If this Housing Market Forecast
is correct, home prices will be lower in the 4th Quarter of 2018 than they were in
the 4th Quarter of 2017. Check this page each quarter for updates to the
Hattiesburg Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      78%

The forecast for the trend in the Hattiesburg housing market for the 3 years
ending with the 4th Quarter of 2020 is DOWN. The Accuracy of the Trend
Prediction for Hattiesburg is 78%. In other words, when tested against historical
data, the forecasting methodology was correct 78% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for falling house prices in
Hattiesburg is 78% during this period. If this Housing Market Forecast is correct,
home values will be lower in the 4th Quarter of 2020 than they were in the 4th
Quarter of 2017. Check this page each quarter for updates to the Hattiesburg
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2017 Housing Data: Hattiesburg, Mississippi


Historical Home Price Appreciation
Last Quarter                                     -0.78%
Last Year . . . . . . . . . . . . . . . . . . . .  -0.8%
Last 5 Years                                     11%
Last 10 Years . . . . . . . . . . . . . . . . . 2%
Last 20 Years                                   67%
Decline From All Time High               0.78%


Annual Home Price Appreciation Rates
1988      4.44%
1989      5.51%
1990      -6.09%
1991      4.33%
1992      1.75%
1993      2.23%
1994      6.34%
1995      9.03%
1996      4.81%
1997      3.15%
1998      4.30%
1999      4.28%
2000      5.05%
2001      5.16%
2002      2.89%
2003      1.93%
2004      6.50%
2005      5.56%
2006      13.63%
2007      1.20%
2008      -0.85%
2009      -2.32%
2010      -2.99%
2011      -0.36%
2012      -1.70%
2013      2.68%
2014      -0.43%
2015      6.30%
2016      3.00%
2017      -0.78%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.78%        Rank: 313 of 381 (17th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -0.8%          Rank: 367 of 381 (3rd Percentile)
Last 5 Years                              11%            Rank: 285 of 381 (25th Percentile)
Last 10 Years  . . . . . . . . . . . .   2%              Rank: 244 of 381 (36th Percentile)
Last 20 Years                            67%            Rank: 251 of 379 (33rd Percentile)
Decline From All Time High        0.78%

The change in home prices for Hattiesburg, MS are shown above for five time
periods. For example: Hattiesburg appreciated -0.78% in the Last Quarter. At
that rate, the Hattiesburg Real Estate Market was ranked 313th out of 381
metropolitan Real Estate Markets. Hattiesburg was in the 17th percentile. So
Hattiesburg, MS performed better in the Last Quarter than 17% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2017 Housing Statistics: Hattiesburg, Mississippi

The all time high in the Hattiesburg Home Price Index was 192.7 in the 3rd
Quarter, of 2017. The 4th Quarter, 2017 index value was 191.2. That's a
decline of 1.51 points or 0.78% below the Hattiesburg Home Price Index all time
high.  The Home Price Index indicates that the Hattiesburg Market is up 2% over
the last 10 years. Home Prices in the Hattiesburg Real Estate Market have lost
0.78% over the last 12 months. Over the last thirty years, it is up 134%.

The 4th Quarter index value was 1.51 points lower than the 3rd Quarter, 2017
index value of 192.66, resulting in a 0.78% decline for the 4th Quarter in the
Hattiesburg Market.

The Hattiesburg Home Price Index declined in the last quarter after increasing
in the previous quarter. The current record holders for consecutive declines in
the Home Price Index are Victoria, TX; Topeka, KS; Texarkana, TX-AR;
Springfield, MA and Peoria, IL, with declines in the last 2 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 26
consecutive quarters.

The highest annual change in the value of houses in the Hattiesburg Real
Estate Market was 14% in the twelve months ended with the 4th Quarter of
2006. The worst annual change in home values  in the Hattiesburg Market was
-7% in the twelve months ended with the 1st Quarter of 1988.

The highest growth in home values in the Hattiesburg Real Estate Market over
a three year period was 28% in the three years ended with the 4th Quarter of
2006. The worst performance over a three year period in the Hattiesburg
Market was -9% in the three years ended with the 1st Quarter of 2012.

This page provides a long term graph of the Hattiesburg Home Price Index
(above). For information about Mississippi 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 Hattiesburg 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 Hattiesburg 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 Hattiesburg 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
4th Quarter, 2017 Housing Data: Hattiesburg, Mississippi

The trend of Hattiesburg 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 4th Quarter of 2017, Hattiesburg Home Prices had a rank of 313,
with appreciation of -0.78%. The top performing real estate market during the
4th Quarter was Gadsden, AL, with a rise of 13.11%. The worst market during
that period was Hinesville, GA, with appreciation of -6.79%.
The median for all cities during the 4th Quarter was 0.75%. The average for all
markets during the quarter was 0.69%.

Last Year:
During the last 12 months, Hattiesburg Home Prices had a rank of 367, with
appreciation during the year of -0.78%. The top performing market during the
last year was Sebastian, FL, with an increase of 16.4%. The worst real estate
market during that period was Goldsboro, NC, with appreciation of -6.9%.
The median for all markets during this period was 5.37%. The average was
5.53%.

Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2017, Hattiesburg Home Prices
ranked 285, with a total appreciation of 11.1%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 94%.
The worst market during that period was Goldsboro, NC, with appreciation of
-5%.
The median for all cities during this time period was 19%. The average over the
5 years was 25%.

Last 10 Years:
During the 10 years ended in the 4th Quarter of 2017, Hattiesburg Home Prices
had a rank of 244, with appreciation during the decade of 2%. The top
performing market during the period was Denver, CO, with a rise of 65%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -27%.
The median for all markets during the last 10 years was 7%. The average for
the cities over that time frame was 8%.

Last 20 Years:
During the 20 years ended in the 4th Quarter of 2017, Hattiesburg Home Prices
had a rank of 251, with total growth over the 20 year period of 67%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 280%. The worst market during the last 20 years was Saginaw, MI,
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 89%.

Historical research data on the Home Price Index for the Hattiesburg Real
Estate Market is available back to the 3rd Quarter, of 1990. All calculations are
based on the quarterly value of the House Price Index for Hattiesburg. 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 Tuesday, March 27, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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