Houston, TX - House Price Index (HPI)
Houston Real Estate Market Forecast
The House Price Index (HPI) shows changes in Houston-Sugar Land-Baytown, 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.
Houston Real Estate Market: Trend Outlook, Analysis & Statistics
100
1000
10
Commentary  358.56
4th Quarter, 2017 Housing Statistics: Houston, Texas


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      83%

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 Houston housing market for the 12
months ending with the 4th Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Houston is 83%. In other words, when tested against historical
data, the forecasting methodology was correct 83% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Houston is 83% 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 Houston Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      76%

The forecast for the trend in the Houston housing market for the 3 years ending
with the 4th Quarter of 2020 is UP. The Accuracy of the Trend Prediction for
Houston 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 rising house prices in
Houston is 76% 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 Houston Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2017 Housing Data: Houston, Texas


Historical Home Price Appreciation
Last Quarter                                     1.75%
Last Year . . . . . . . . . . . . . . . . . . . .  5.3%
Last 5 Years                                     41%
Last 10 Years . . . . . . . . . . . . . . . . . 47%
Last 20 Years                                   147%



Annual Home Price Appreciation Rates
1988      4.95%
1989      6.18%
1990      2.96%
1991      3.86%
1992      2.97%
1993      2.18%
1994      -1.95%
1995      2.47%
1996      1.85%
1997      3.64%
1998      6.70%
1999      8.68%
2000      4.97%
2001      6.79%
2002      4.51%
2003      2.97%
2004      3.92%
2005      5.34%
2006      5.37%
2007      4.06%
2008      1.92%
2009      -0.31%
2010      -0.32%
2011      -0.93%
2012      3.88%
2013      8.05%
2014      11.04%
2015      6.47%
2016      4.77%
2017      5.34%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.75%         Rank: 99 of 381 (74th Percentile)
Last Year  . . . . . . . . . . . . . . . .  5.3%           Rank: 196 of 381 (48th Percentile)
Last 5 Years                              41%            Rank: 80 of 381 (79th Percentile)
Last 10 Years  . . . . . . . . . . . .   47%            Rank: 10 of 381 (97th Percentile)
Last 20 Years                            147%          Rank: 39 of 379 (89th Percentile)


The change in home prices for Houston-The Woodlands-Sugar Land, TX are
shown above for five time periods. For example: Houston appreciated 1.75% in
the Last Quarter. At that rate, the Houston Real Estate Market was ranked 99th
out of 381 metropolitan Real Estate Markets. Houston was in the 74th
percentile. So Houston, TX performed better in the Last Quarter than 74% of
the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2017 Housing Statistics: Houston, Texas

The data and analysis on this page pertains to Houston-The Woodlands-Sugar
Land, TX, hereinafter referred to as "Houston". The all time high in the Houston
Home Price Index was 267.6 in the 4th Quarter, of 2017.  The Home Price Index
indicates that the Houston Market is up 47% over the last 10 years. Home
prices in the Houston Real Estate Market have gained 5.34% over the last 12
months. Over the last thirty years, it is up 228%.

The 4th Quarter index value was 4.59 points higher than the 3rd Quarter, 2017
index value of 262.99, resulting in a 1.75% rise in the 4th Quarter for the
Houston Market.

The Houston Home Price Index has increased for the last 26 consecutive
quarters. That makes Houston the current record holder for consecutive
quarterly increases in the Home Price Index (along with Phoenix, AZ and Boise
City, ID; which also had 26 consecutive quarterly increases). 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 Houston Real Estate
Market was 18% in the twelve months ended with the 1st Quarter of 1982. The
worst annual change in home values  in the Houston Market was -10% in the
twelve months ended with the 3rd Quarter of 1987.

The highest growth in home values in the Houston Real Estate Market over a
three year period was 29% in the three years ended with the 3rd Quarter of
2015. The worst performance over a three year period in the Houston Market
was -20% in the three years ended with the 4th Quarter of 1987.

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

The trend of Houston 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. The data and analysis on this page pertains
to Houston-The Woodlands-Sugar Land, TX, hereinafter referred to as
"Houston".

Last Quarter:
During the 4th Quarter of 2017, Houston Home Prices had a rank of 99, with
appreciation of 1.75%. 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, Houston Home Prices had a rank of 196, with
appreciation during the year of 5.34%. 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, Houston Home Prices
ranked 80, with a total appreciation of 41.0%. 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, Houston Home Prices
had a rank of 10, with appreciation during the decade of 47%. 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, Houston Home Prices
had a rank of 39, with total growth over the 20 year period of 147%. 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 Houston Real Estate
Market is available back to the 2nd Quarter, of 1976. All calculations are based
on the quarterly value of the House Price Index for Houston. 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.


_____________________________________________________________
Report a Problem with this Page    Contact Us     Privacy Policy    Terms of Use/Disclosure
LittleBigHomes.com
1975
1980
1985
1990
1995
2000
2005
2010
2035
2015
2020
2025
2030