McAllen, TX - House Price Index (HPI)
McAllen Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in McAllen-Edinburg-Mission, 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
McAllen Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  27040
2nd Quarter, 2017 Housing Statistics: McAllen, Texas


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      73%

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 McAllen housing market for the 12
months ending with the 2nd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for McAllen is 73%. In other words, when tested against historical
data, the forecasting methodology was correct 73% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
McAllen is 73% 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 McAllen Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      73%

The forecast for the trend in the McAllen housing market for the 3 years ending
with the 2nd Quarter of 2020 is UP. The Accuracy of the Trend Prediction for
McAllen is 73%. In other words, when tested against historical data, the
forecasting methodology was correct 73% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
McAllen is 73% 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 McAllen Real
Estate Market Forecast.




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


Historical Home Price Appreciation
Last Quarter                         -2.45%
Last Year                              0.2%
Last 5 Years                         12%
Last 10 Years                       8%
Last 20 Years                       58%
Decline From All Time High   2.45%


Annual Home Price Appreciation Rates
1987        n/a
1988      9.09%
1989      -1.42%
1990      -2.28%
1991      8.74%
1992      2.51%
1993      4.77%
1994      3.29%
1995      3.19%
1996      -2.61%
1997      3.05%
1998      1.01%
1999      2.73%
2000      0.93%
2001      6.18%
2002      4.54%
2003      2.79%
2004      5.48%
2005      4.47%
2006      6.14%
2007      2.34%
2008      -2.31%
2009      0.40%
2010      -2.09%
2011      -1.14%
2012      1.21%
2013      0.46%
2014      6.67%
2015      0.22%
2016      6.32%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -2.45%        Rank: 370 of 381 (2nd Percentile)
Last Year  . . . . . . . . . . . . . . . .  0.2%           Rank: 359 of 381 (5th Percentile)
Last 5 Years                              12%            Rank: 271 of 381 (28th Percentile)
Last 10 Years  . . . . . . . . . . . .   8%              Rank: 142 of 381 (62nd Percentile)
Last 20 Years                            58%            Rank: 287 of 379 (24th Percentile)
Decline From All Time High        2.45%

The change in home prices for McAllen-Edinburg-Mission, TX are shown above
for five time periods. For example: McAllen appreciated -2.45% in the Last
Quarter. At that rate, the McAllen Real Estate Market was ranked 370th out of
381 metropolitan Real Estate Markets. McAllen was in the 2nd percentile. So
McAllen, TX performed better in the Last Quarter than 2% of the 381
metropolitan areas covered in LittleBigHomes.com.

























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

The data and analysis on this page pertains to McAllen-Edinburg-Mission, TX,
hereinafter referred to as "McAllen". The all time high in the McAllen Home Price
Index was 163.0 in the 1st Quarter, of 2017. The 2nd Quarter, 2017 index value
was 159.0. That's a decline of 4.00 points or 2.45% below the McAllen Home
Price Index all time high.  The Home Price Index indicates that the McAllen
Market is up 8% over the last 10 years. Home prices in the McAllen Real Estate
Market have gained 0.21% over the last 12 months. Over the last thirty years, it
is up 83%.

The 2nd Quarter index value was 4.00 points lower than the 1st Quarter, 2017
index value of 162.96, resulting in a 2.45% decline for the 2nd Quarter in the
McAllen Market.

The McAllen Home Price Index declined in the last quarter after increasing in
the previous 2 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 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 highest annual change in the value of houses in the McAllen Real Estate
Market was 21% in the twelve months ended with the 2nd Quarter of 1990. The
worst annual change in home values  in the McAllen Market was -17% in the
twelve months ended with the 2nd Quarter of 1989.

The highest growth in home values in the McAllen Real Estate Market over a
three year period was 28% in the three years ended with the 2nd Quarter of
1992. The worst performance over a three year period in the McAllen Market
was -7% in the three years ended with the 1st Quarter of 1990.

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

The trend of McAllen 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 McAllen-Edinburg-Mission, TX, hereinafter referred to as "McAllen".

Last Quarter:
During the 2nd Quarter of 2017, McAllen Home Prices had a rank of 370, with
appreciation of -2.45%. 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, McAllen Home Prices had a rank of 359, with
appreciation during the year of 0.21%. 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, McAllen Home Prices
ranked 271, with a total appreciation of 11.6%. 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, McAllen Home Prices
had a rank of 142, with appreciation during the decade of 8%. 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, McAllen Home Prices
had a rank of 287, with total growth over the 20 year period of 58%. 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 McAllen Real Estate
Market is available back to the 2nd Quarter, of 1987. All calculations are based
on the quarterly value of the House Price Index for McAllen. 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 Sunday, November 5, 2017.
SignalTrend  Inc. 2008 - 2017; All rights reserved.


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