Lubbock, TX - House Price Index (HPI)
Lubbock Real Estate Market Forecast
100
1000
The House Price Index (HPI) shows changes in Lubbock, 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.
10
Lubbock Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  27033
2nd Quarter, 2017 Housing Statistics: Lubbock, Texas


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 Lubbock housing market for the 12
months ending with the 2nd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Lubbock 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
Lubbock is 74% 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 Lubbock
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      79%

The forecast for the trend in the Lubbock housing market for the 3 years
ending with the 2nd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Lubbock is 79%. In other words, when tested against historical
data, the forecasting methodology was correct 79% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Lubbock is 79% 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 Lubbock
Real Estate Market Forecast.




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


Historical Home Price Appreciation
Last Quarter                         4.07%
Last Year                              5.4%
Last 5 Years                         22%
Last 10 Years                       28%
Last 20 Years                       82%



Annual Home Price Appreciation Rates
1987      -2.84%
1988      3.35%
1989      -5.67%
1990      3.10%
1991      1.11%
1992      6.06%
1993      5.52%
1994      1.70%
1995      3.40%
1996      2.73%
1997      1.31%
1998      3.99%
1999      2.68%
2000      2.55%
2001      5.50%
2002      5.27%
2003      4.97%
2004      3.23%
2005      3.36%
2006      3.82%
2007      0.75%
2008      1.91%
2009      0.92%
2010      2.06%
2011      -0.82%
2012      1.70%
2013      3.58%
2014      3.14%
2015      4.25%
2016      4.16%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              4.07%         Rank: 78 of 381 (79th Percentile)
Last Year  . . . . . . . . . . . . . . . .  5.4%           Rank: 191 of 381 (50th Percentile)
Last 5 Years                              22%            Rank: 148 of 381 (61st Percentile)
Last 10 Years  . . . . . . . . . . . .   28%            Rank: 27 of 381 (93rd Percentile)
Last 20 Years                            82%            Rank: 177 of 379 (53rd Percentile)


The change in home prices for Lubbock, TX are shown above for five time
periods. For example: Lubbock appreciated 4.07% in the Last Quarter. At that
rate, the Lubbock Real Estate Market was ranked 78th out of 381 metropolitan
Real Estate Markets. Lubbock was in the 79th percentile. So Lubbock, TX
performed better in the Last Quarter than 79% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























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

The all time high in the Lubbock Home Price Index was 191.0 in the 2nd
Quarter, of 2017.  The Home Price Index indicates that the Lubbock Market is
up 28% over the last 10 years. Home prices in the Lubbock Real Estate Market
have gained 5.39% over the last 12 months. Over the last thirty years, it is up
121%.

The 2nd Quarter index value was 7.47 points higher than the 1st Quarter, 2017
index value of 183.57, resulting in a 4.07% rise in the 2nd Quarter for the
Lubbock Market.

The Lubbock 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 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 Lubbock Real Estate
Market was 17% in the twelve months ended with the 4th Quarter of 1981. The
worst annual change in home values  in the Lubbock Market was -10% in the
twelve months ended with the 4th Quarter of 1984.

The highest growth in home values in the Lubbock Real Estate Market over a
three year period was 24% in the three years ended with the 4th Quarter of
1982. The worst performance over a three year period in the Lubbock Market
was -11% in the three years ended with the 4th Quarter of 1984.

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

The trend of Lubbock 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, Lubbock Home Prices had a rank of 78, with
appreciation of 4.07%. 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, Lubbock Home Prices had a rank of 191, with
appreciation during the year of 5.39%. 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, Lubbock Home Prices
ranked 148, with a total appreciation of 22.1%. 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, Lubbock Home Prices
had a rank of 27, with appreciation during the decade of 28%. 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, Lubbock Home Prices
had a rank of 177, with total growth over the 20 year period of 82%. 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 Lubbock Real Estate
Market is available back to the 3rd Quarter, of 1981. All calculations are based
on the quarterly value of the House Price Index for Lubbock. 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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