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.  Updated Monday, July 6, 2015.
Real estate forecasts, analysis, statistics and appreciation rates are provided below.
10
McAllen Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  18658
3rd Quarter, 2014 Housing Statistics: McAllen, Texas


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      68%

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 3rd Quarter of 2015 is UP. The Accuracy of the Trend
Projection for McAllen is 68%. In other words, when tested against historical
data, the forecasting methodology was correct 68% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
McAllen is 68% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 3rd Quarter of 2015 than they were in the 3rd
Quarter of 2014. Check this page each quarter for updates to the McAllen Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      74%

The forecast for the trend in the McAllen housing market for the 3 years ending
with the 3rd Quarter of 2017 is UP. The Accuracy of the Trend Prediction for
McAllen 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
McAllen is 74% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 3rd Quarter of 2017 than they were in the 3rd
Quarter of 2014. Check this page each quarter for updates to the McAllen Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2014 Housing Data: McAllen, Texas


Historical Home Price Appreciation
Last Quarter                         -1.53%
Last Year                              3.5%
Last 5 Years                         0%
Last 10 Years                       13%
Last 20 Years                       46%
Decline From All Time High   1.53%


Annual Home Price Appreciation Rates
1984        n/a
1985        n/a
1986        n/a
1987        n/a
1988      9.02%
1989      -1.33%
1990      -2.44%
1991      8.74%
1992      2.70%
1993      4.51%
1994      3.05%
1995      3.01%
1996      -1.89%
1997      2.66%
1998      1.13%
1999      3.80%
2000      -0.05%
2001      6.07%
2002      4.41%
2003      2.66%
2004      5.90%
2005      4.57%
2006      6.11%
2007      2.34%
2008      -2.36%
2009      0.98%
2010      -3.26%
2011      -0.72%
2012      1.43%
2013      0.67%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -1.53%        Rank: 362 of 381 (5th Percentile)
Last Year  . . . . . . . . . . . . . . . .  3.5%           Rank: 212 of 381 (44th Percentile)
Last 5 Years                              0%             Rank: 213 of 381 (44th Percentile)
Last 10 Years  . . . . . . . . . . . .   13%            Rank: 162 of 381 (57th Percentile)
Last 20 Years                            46%            Rank: 347 of 378 (8th Percentile)
Decline From All Time High        1.53%

The change in home prices for McAllen-Edinburg-Mission, TX are shown above
for five time periods. For example: McAllen appreciated -1.53% in the Last
Quarter. At that rate, the McAllen Real Estate Market was ranked 362nd out of
381 metropolitan Real Estate Markets. McAllen was in the 5th percentile. So
McAllen, TX performed better in the Last Quarter than 5% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2014 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 148.1 in the 2nd Quarter, of 2014. The 3rd Quarter, 2014 index
value was 145.8. That's a decline of 2.27 points or 1.53% below the McAllen
Home Price Index all time high.  The Home Price Index indicates that the
McAllen Market is up 13% over the last 10 years. Home prices in the McAllen
Real Estate Market have gained 3.46% over the last 12 months.

The 3rd Quarter index value was 2.27 points lower than the 2nd Quarter, 2014
index value of 148.07, resulting in a 1.53% decline for the 3rd Quarter in the
McAllen Market.

The McAllen Home Price Index declined in the last quarter after increasing in
the previous 3 quarters. The current record holder for consecutive declines in
the Home Price Index is Terre Haute, IN, 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 13 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 27% in the three years ended with the 2nd Quarter of
1992. The worst performance over a three year period in the McAllen Market
was -5% in the three years ended with the 2nd Quarter of 2011.

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
3rd Quarter, 2014 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 3rd Quarter of 2014, McAllen Home Prices had a rank of 362, with
appreciation of -1.53%. The top performing real estate market during the 3rd
Quarter was Johnstown, PA, with a rise of 7.10%. The worst market during that
period was Farmington, NM, with appreciation of -4.09%.
The median for all cities during the 3rd Quarter was 1.44%. The average for all
markets during the quarter was 1.49%.

Last Year:
During the last 12 months, McAllen Home Prices had a rank of 212, with
appreciation during the year of 3.46%. The top performing market during the
last year was Madera, CA, with an increase of 19.4%. The worst real estate
market during that period was Jacksonville, NC, with appreciation of -4.5%.
The median for all markets during this period was 3.94%. The average was
4.71%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2014, McAllen Home Prices
ranked 213, with a total appreciation of -0.1%. The top performing real estate
market during the 5 year period was Merced, CA, with a growth in value of 45%.
The worst market during that period was Ocala, FL, with appreciation of -16%.
The median for all cities during this time period was 1%. The average over the
5 years was 3%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2014, McAllen Home Prices
had a rank of 162, with appreciation during the decade of 13%. The top
performing market during the period was Midland, TX, with a rise of 129%. The
worst real estate market during the 10 year time period was Las Vegas, NV, with
appreciation of -27%.
The median for all markets during the last 10 years was 10%. The average for
the cities over that time frame was 11%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2014, McAllen Home Prices
had a rank of 347, with total growth over the 20 year period of 46%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 229%. The worst market during the last 20 years was Rockford, IL,
with appreciation of 23%.
The median for all cities during the last 20 years was 75%. The average for the
markets over that time frame was 82%.

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.)





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