Midland, TX - House Price Index (HPI)
Midland Real Estate Market - Home Price Forecast
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The House Price Index (HPI) shows changes in Midland, 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
Midland Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  424.56
4th Quarter, 2017 Housing Statistics: Midland, Texas


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      70%

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 Midland housing market for the 12
months ending with the 4th Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Midland is 70%. In other words, when tested against historical
data, the forecasting methodology was correct 70% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Midland is 70% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 4th Quarter of 2018 than they were in the 4th
Quarter of 2017. Check this page each quarter for updates to the Midland Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      81%

The forecast for the trend in the Midland housing market for the 3 years ending
with the 4th Quarter of 2020 is UP. The Accuracy of the Trend Prediction for
Midland is 81%. In other words, when tested against historical data, the
forecasting methodology was correct 81% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Midland is 81% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 4th Quarter of 2020 than they were in the 4th
Quarter of 2017. Check this page each quarter for updates to the Midland Real
Estate Market Forecast.




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


Historical Home Price Appreciation
Last Quarter                         -0.10%
Last Year                              5.4%
Last 5 Years                         27%
Last 10 Years                       54%
Last 20 Years                       186%
Decline From All Time High   0.10%


Annual Home Price Appreciation Rates
1988      -0.04%
1989      -5.10%
1990      0.37%
1991      0.66%
1992      2.28%
1993      4.33%
1994      0.85%
1995      4.94%
1996      -0.48%
1997      5.66%
1998      2.22%
1999      -1.48%
2000      -0.16%
2001      6.82%
2002      2.39%
2003      4.38%
2004      5.84%
2005      13.55%
2006      21.72%
2007      10.06%
2008      7.58%
2009      -3.01%
2010      0.98%
2011      6.02%
2012      9.24%
2013      10.34%
2014      7.47%
2015      1.30%
2016      0.04%
2017      5.36%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.10%        Rank: 272 of 381 (28th Percentile)
Last Year  . . . . . . . . . . . . . . . .  5.4%           Rank: 192 of 381 (49th Percentile)
Last 5 Years                              27%            Rank: 129 of 381 (66th Percentile)
Last 10 Years  . . . . . . . . . . . .   54%            Rank: 8 of 381 (98th Percentile)
Last 20 Years                            186%          Rank: 13 of 379 (96th Percentile)
Decline From All Time High        0.10%

The change in home prices for Midland, TX are shown above for five time
periods. For example: Midland appreciated -0.10% in the Last Quarter. At that
rate, the Midland Real Estate Market was ranked 272nd out of 381 metropolitan
Real Estate Markets. Midland was in the 28th percentile. So Midland, TX
performed better in the Last Quarter than 28% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2017 Housing Statistics: Midland, Texas

The all time high in the Midland Home Price Index was 321.8 in the 3rd Quarter,
of 2017. The 4th Quarter, 2017 index value was 321.4. That's a decline of 0.33
points or 0.10% below the Midland Home Price Index all time high.  The Home
Price Index indicates that the Midland Market is up 54% over the last 10 years.
Home prices in the Midland Real Estate Market have gained 5.36% over the last
12 months. Over the last thirty years, it is up 225%.

The 4th Quarter index value was 0.33 points lower than the 3rd Quarter, 2017
index value of 321.75, resulting in a 0.10% decline for the 4th Quarter in the
Midland Market.

The Midland 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 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 Midland Real Estate
Market was 29% in the twelve months ended with the 1st Quarter of 1982. The
worst annual change in home values  in the Midland Market was -14% in the
twelve months ended with the 3rd Quarter of 1987.

The highest growth in home values in the Midland Real Estate Market over a
three year period was 59% in the three years ended with the 3rd Quarter of
2007. The worst performance over a three year period in the Midland Market
was -21% in the three years ended with the 3rd Quarter of 1987.

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

The trend of Midland 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 4th Quarter of 2017, Midland Home Prices had a rank of 272, with
appreciation of -0.10%. 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, Midland Home Prices had a rank of 192, with
appreciation during the year of 5.36%. 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, Midland Home Prices
ranked 129, with a total appreciation of 26.6%. 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, Midland Home Prices
had a rank of 8, with appreciation during the decade of 54%. 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, Midland Home Prices
had a rank of 13, with total growth over the 20 year period of 186%. 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 Midland 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 Midland. 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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