Los Angeles, CA - House Price Index (HPI)
Los Angeles Real Estate Market Forecast
100
1000
The House Price Index (HPI) shows changes in Los Angeles-Long Beach-Glendale, CA 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.
10
Los Angeles Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  27031
2nd Quarter, 2017 Housing Statistics: Los Angeles, California


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 Los Angeles housing market for the 12
months ending with the 2nd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Los Angeles 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 Los Angeles is 83% 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
Los Angeles Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      78%

The forecast for the trend in the Los Angeles housing market for the 3 years
ending with the 2nd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Los Angeles 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 rising house
prices in Los Angeles is 78% 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
Los Angeles Real Estate Market Forecast.




Part 2: MARKET SUMMARY
2nd Quarter, 2017 Housing Data: Los Angeles, California


Historical Home Price Appreciation
Last Quarter                         1.91%
Last Year                              8.3%
Last 5 Years                         54%
Last 10 Years                       0%
Last 20 Years                       233%
Decline From All Time High   1.20%


Annual Home Price Appreciation Rates
1987      15.69%
1988      23.56%
1989      20.12%
1990      -0.49%
1991      -0.56%
1992      -3.86%
1993      -6.64%
1994      -9.56%
1995      1.84%
1996      -2.49%
1997      4.97%
1998      10.08%
1999      5.82%
2000      8.99%
2001      9.97%
2002      15.12%
2003      17.96%
2004      27.32%
2005      23.64%
2006      7.87%
2007      -6.56%
2008      -22.61%
2009      -5.62%
2010      -0.61%
2011      -4.31%
2012      1.95%
2013      16.09%
2014      7.81%
2015      7.19%
2016      6.84%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.91%         Rank: 244 of 381 (36th Percentile)
Last Year  . . . . . . . . . . . . . . . .  8.3%           Rank: 96 of 381 (75th Percentile)
Last 5 Years                              54%            Rank: 45 of 381 (88th Percentile)
Last 10 Years  . . . . . . . . . . . .   0%              Rank: 230 of 381 (39th Percentile)
Last 20 Years                            233%          Rank: 3 of 379 (99th Percentile)
Decline From All Time High        1.20%

The change in home prices for Los Angeles-Long Beach-Glendale, CA are
shown above for five time periods. For example: Los Angeles appreciated
1.91% in the Last Quarter. At that rate, the Los Angeles Real Estate Market
was ranked 244th out of 381 metropolitan Real Estate Markets. Los Angeles
was in the 36th percentile. So Los Angeles, CA performed better in the Last
Quarter than 36% of the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
2nd Quarter, 2017 Housing Statistics: Los Angeles, California

The data and analysis on this page pertains to Los Angeles-Long
Beach-Glendale, CA, hereinafter referred to as "Los Angeles". The all time high
in the Los Angeles Home Price Index was 339.4 in the 4th Quarter, of 2006.
The 2nd Quarter, 2017 index value was 335.4. That's a decline of 4.06 points
or 1.20% below the Los Angeles Home Price Index all time high.  The Home
Price Index indicates that the Los Angeles Market is up 0% over the last 10
years. Home prices in the Los Angeles Real Estate Market have gained 8.28%
over the last 12 months. Over the last thirty years, it is up 329%.

The 2nd Quarter index value was 6.30 points higher than the 1st Quarter, 2017
index value of 329.06, resulting in a 1.91% rise in the 2nd Quarter for the Los
Angeles Market.

The Los Angeles Home Price Index has increased for the last 20 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 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 Los Angeles Real
Estate Market was 32% in the twelve months ended with the 3rd Quarter of
2004. The worst annual change in home values  in the Los Angeles Market was
-23% in the twelve months ended with the 4th Quarter of 2008.

The highest growth in home values in the Los Angeles Real Estate Market over
a three year period was 87% in the three years ended with the 1st Quarter of
2006. The worst performance over a three year period in the Los Angeles
Market was -32% in the three years ended with the 3rd Quarter of 2009.

This page provides a long term graph of the Los Angeles Home Price Index
(above). For information about California 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 Los Angeles 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 Los Angeles 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 Los Angeles 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: Los Angeles, California

The trend of Los Angeles 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 Los Angeles-Long Beach-Glendale, CA, hereinafter referred to as "Los
Angeles".

Last Quarter:
During the 2nd Quarter of 2017, Los Angeles Home Prices had a rank of 244,
with appreciation of 1.91%. 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, Los Angeles Home Prices had a rank of 96, with
appreciation during the year of 8.28%. 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, Los Angeles Home
Prices ranked 45, with a total appreciation of 54.0%. 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, Los Angeles Home
Prices had a rank of 230, with appreciation during the decade of 0%. 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, Los Angeles Home
Prices had a rank of 3, with total growth over the 20 year period of 233%. 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 Los Angeles Real
Estate Market is available back to the 2nd Quarter, of 1975. All calculations are
based on the quarterly value of the House Price Index for Los Angeles. 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 Saturday, November 4, 2017.
SignalTrend  Inc. 2008 - 2017; All rights reserved.


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