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  418.56
4th Quarter, 2017 Housing Statistics: McAllen, Texas


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      72%

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 4th Quarter of 2018 is DOWN. The Accuracy of the
Trend Projection for McAllen 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 falling house
prices in McAllen is 72% during this period. If this Housing Market Forecast is
correct, home prices will be lower in the 4th Quarter of 2018 than they were in
the 4th Quarter of 2017. Check this page each quarter for updates to the
McAllen Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      72%

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




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


Historical Home Price Appreciation
Last Quarter                         -1.84%
Last Year                              -0.6%
Last 5 Years                         13%
Last 10 Years                       9%
Last 20 Years                       56%
Decline From All Time High   1.84%


Annual Home Price Appreciation Rates
1988      9.49%
1989      -1.75%
1990      -2.24%
1991      8.73%
1992      2.52%
1993      4.70%
1994      3.39%
1995      3.23%
1996      -2.51%
1997      2.87%
1998      1.01%
1999      2.68%
2000      1.02%
2001      6.25%
2002      4.59%
2003      2.68%
2004      5.53%
2005      4.41%
2006      6.18%
2007      2.27%
2008      -2.32%
2009      0.59%
2010      -2.28%
2011      -1.00%
2012      1.22%
2013      0.10%
2014      7.18%
2015      0.28%
2016      5.77%
2017      -0.65%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -1.84%        Rank: 354 of 381 (7th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -0.6%          Rank: 366 of 381 (3rd Percentile)
Last 5 Years                              13%            Rank: 264 of 381 (30th Percentile)
Last 10 Years  . . . . . . . . . . . .   9%              Rank: 160 of 381 (58th Percentile)
Last 20 Years                            56%            Rank: 291 of 379 (23rd Percentile)
Decline From All Time High        1.84%

The change in home prices for McAllen-Edinburg-Mission, TX are shown above
for five time periods. For example: McAllen appreciated -1.84% in the Last
Quarter. At that rate, the McAllen Real Estate Market was ranked 354th out of
381 metropolitan Real Estate Markets. McAllen was in the 7th percentile. So
McAllen, TX performed better in the Last Quarter than 7% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
4th 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 164.0 in the 3rd Quarter, of 2017. The 4th Quarter, 2017 index value
was 161.0. That's a decline of 3.02 points or 1.84% below the McAllen Home
Price Index all time high.  The Home Price Index indicates that the McAllen
Market is up 9% over the last 10 years. Home Prices in the McAllen Real Estate
Market have lost 0.65% over the last 12 months. Over the last thirty years, it is
up 104%.

The 4th Quarter index value was 3.02 points lower than the 3rd Quarter, 2017
index value of 163.97, resulting in a 1.84% decline for the 4th Quarter in the
McAllen Market.

The McAllen Home Price Index declined in the last quarter after increasing in
the previous quarter. 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 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 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
4th 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 4th Quarter of 2017, McAllen Home Prices had a rank of 354, with
appreciation of -1.84%. 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, McAllen Home Prices had a rank of 366, with
appreciation during the year of -0.65%. 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, McAllen Home Prices
ranked 264, with a total appreciation of 13.1%. 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, McAllen Home Prices
had a rank of 160, with appreciation during the decade of 9%. 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, McAllen Home Prices
had a rank of 291, with total growth over the 20 year period of 56%. 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 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 Tuesday, April 10, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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