Hot Springs, AR - House Price Index (HPI)
Hot Springs Real Estate Market Forecast
The House Price Index (HPI) shows changes in Hot Springs, AR 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.
Hot Springs Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  356.56
4th Quarter, 2017 Housing Statistics: Hot Springs, Arkansas


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      74%

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 Hot Springs housing market for the 12
months ending with the 4th Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Hot Springs 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 Hot
Springs is 74% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 4th Quarter of 2018 than they were in the 4th
Quarter of 2017. Check this page each quarter for updates to the Hot Springs
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      72%

The forecast for the trend in the Hot Springs housing market for the 3 years
ending with the 4th Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Hot Springs 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 Hot
Springs is 72% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 4th Quarter of 2020 than they were in the 4th
Quarter of 2017. Check this page each quarter for updates to the Hot Springs
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2017 Housing Data: Hot Springs, Arkansas


Historical Home Price Appreciation
Last Quarter                                     4.46%
Last Year . . . . . . . . . . . . . . . . . . . .  6.8%
Last 5 Years                                     11%
Last 10 Years . . . . . . . . . . . . . . . . . 3%
Last 20 Years                                   66%



Annual Home Price Appreciation Rates
1988        n/a
1989        n/a
1990        n/a
1991        n/a
1992        n/a
1993      9.54%
1994      3.91%
1995      10.66%
1996      5.15%
1997      4.94%
1998      -0.50%
1999      1.34%
2000      2.50%
2001      7.46%
2002      3.33%
2003      4.48%
2004      7.10%
2005      10.49%
2006      6.07%
2007      6.88%
2008      0.39%
2009      -6.20%
2010      0.53%
2011      -3.86%
2012      1.92%
2013      -0.94%
2014      -0.89%
2015      8.57%
2016      -2.45%
2017      6.83%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              4.46%         Rank: 12 of 381 (97th Percentile)
Last Year  . . . . . . . . . . . . . . . .  6.8%           Rank: 130 of 381 (66th Percentile)
Last 5 Years                              11%            Rank: 284 of 381 (25th Percentile)
Last 10 Years  . . . . . . . . . . . .   3%              Rank: 230 of 381 (39th Percentile)
Last 20 Years                            66%            Rank: 258 of 379 (32nd Percentile)


The change in home prices for Hot Springs, AR are shown above for five time
periods. For example: Hot Springs appreciated 4.46% in the Last Quarter. At
that rate, the Hot Springs Real Estate Market was ranked 12th out of 381
metropolitan Real Estate Markets. Hot Springs was in the 97th percentile. So
Hot Springs, AR performed better in the Last Quarter than 97% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2017 Housing Statistics: Hot Springs, Arkansas

The all time high in the Hot Springs Home Price Index was 196.3 in the 4th
Quarter, of 2017.  The Home Price Index indicates that the Hot Springs Market
is up 3% over the last 10 years. Home prices in the Hot Springs Real Estate
Market have gained 6.83% over the last 12 months.

The 4th Quarter index value was 8.38 points higher than the 3rd Quarter, 2017
index value of 187.96, resulting in a 4.46% rise in the 4th Quarter for the Hot
Springs Market.

The Hot Springs 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 26 consecutive quarters. 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 highest annual change in the value of houses in the Hot Springs Real
Estate Market was 12% in the twelve months ended with the 1st Quarter of
1994. The worst annual change in home values  in the Hot Springs Market was
-8% in the twelve months ended with the 2nd Quarter of 2010.

The highest growth in home values in the Hot Springs Real Estate Market over
a three year period was 28% in the three years ended with the 1st Quarter of
2007. The worst performance over a three year period in the Hot Springs
Market was -9% in the three years ended with the 4th Quarter of 2011.

This page provides a long term graph of the Hot Springs Home Price Index
(above). For information about Arkansas 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 Hot Springs 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 Hot Springs 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 Hot Springs 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: Hot Springs, Arkansas

The trend of Hot Springs 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, Hot Springs Home Prices had a rank of 12, with
appreciation of 4.46%. 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, Hot Springs Home Prices had a rank of 130, with
appreciation during the year of 6.83%. 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, Hot Springs Home Prices
ranked 284, 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, Hot Springs Home Prices
had a rank of 230, with appreciation during the decade of 3%. 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, Hot Springs Home Prices
had a rank of 258, with total growth over the 20 year period of 66%. 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 Hot Springs Real
Estate Market is available back to the 3rd Quarter, of 1992. All calculations are
based on the quarterly value of the House Price Index for Hot Springs. 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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