Reno, NV - House Price Index (HPI)
Reno Real Estate Market - Home Price Forecast
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1000
The House Price Index (HPI) shows changes in Reno-Sparks, NV 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
Reno Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  1251.56
1st Quarter, 2018 Housing Statistics: Reno, Nevada


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      83%

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 Reno housing market for the 12
months ending with the 1st Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Reno is 83%. In other words, when tested against historical data,
the forecasting methodology was correct 83% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Reno is 83% during this period. If this Housing Market Forecast is correct, home
prices will be higher in the 1st Quarter of 2019 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Reno Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      81%

The forecast for the trend in the Reno housing market for the 3 years ending
with the 1st Quarter of 2021 is UP. The Accuracy of the Trend Prediction for
Reno 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
Reno is 81% during this period. If this Housing Market Forecast is correct, home
values will be higher in the 1st Quarter of 2021 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Reno Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Reno, Nevada


Historical Home Price Appreciation
Last Quarter                         2.24%
Last Year                              11.6%
Last 5 Years                         90%
Last 10 Years                       14%
Last 20 Years                       116%
Decline From All Time High   4.65%


Annual Home Price Appreciation Rates
1988      2.84%
1989      4.68%
1990      4.65%
1991      5.56%
1992      4.26%
1993      3.17%
1994      3.88%
1995      5.32%
1996      2.00%
1997      2.77%
1998      2.70%
1999      0.64%
2000      4.52%
2001      6.58%
2002      8.26%
2003      14.24%
2004      31.02%
2005      21.46%
2006      -2.44%
2007      -10.20%
2008      -19.38%
2009      -17.12%
2010      -9.97%
2011      -11.26%
2012      4.36%
2013      22.01%
2014      12.52%
2015      14.70%
2016      9.85%
2017      11.68%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.24%         Rank: 95 of 381 (75th Percentile)
Last Year  . . . . . . . . . . . . . . . .  11.6%          Rank: 17 of 381 (95th Percentile)
Last 5 Years                              90%            Rank: 1 of 381 (100th Percentile)
Last 10 Years  . . . . . . . . . . . .   14%            Rank: 119 of 381 (68th Percentile)
Last 20 Years                            116%          Rank: 82 of 379 (78th Percentile)
Decline From All Time High        4.65%

The change in home prices for Reno, NV are shown above for five time periods.
For example: Reno appreciated 2.24% in the Last Quarter. At that rate, the
Reno Real Estate Market was ranked 95th out of 381 metropolitan Real Estate
Markets. Reno was in the 75th percentile. So Reno, NV performed better in the
Last Quarter than 75% of the 381 metropolitan areas covered in
LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Reno, Nevada

The data and analysis on this page pertains to Reno, NV, hereinafter referred
to as "Reno". The all time high in the Reno Home Price Index was 251.1 in the
1st Quarter, of 2006. The 1st Quarter, 2018 index value was 239.5. That's a
decline of 11.68 points or 4.65% below the Reno Home Price Index all time
high.  The Home Price Index indicates that the Reno Market is up 14% over the
last 10 years. Home prices in the Reno Real Estate Market have gained 11.64%
over the last 12 months. Over the last thirty years, it is up 217%.

The 1st Quarter index value was 5.24 points higher than the 4th Quarter, 2017
index value of 234.22, resulting in a 2.24% rise in the 1st Quarter for the Reno
Market.

The Reno Home Price Index has increased for the last 23 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 27
consecutive quarters. The current record holders for consecutive declines in
the Home Price Index are Tallahassee, FL; Syracuse, NY; Sioux City, IA;
Shreveport, LA and Peoria, IL, with declines in the last 2 consecutive quarters.

The highest annual change in the value of houses in the Reno Real Estate
Market was 33% in the twelve months ended with the 2nd Quarter of 2005. The
worst annual change in home values  in the Reno Market was -20% in the
twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Reno Real Estate Market over a three
year period was 82% in the three years ended with the 4th Quarter of 2005.
The worst performance over a three year period in the Reno Market was -43%
in the three years ended with the 2nd Quarter of 2010.

This page provides a long term graph of the Reno Home Price Index (above).
For information about Nevada 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 Reno 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 Reno 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 Reno 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
1st Quarter, 2018 Housing Data: Reno, Nevada

The trend of Reno 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 Reno, NV, hereinafter referred to as "Reno".

Last Quarter:
During the 1st Quarter of 2018, Reno Home Prices had a rank of 95, with
appreciation of 2.24%. The top performing real estate market during the 1st
Quarter was Goldsboro, NC, with a rise of 9.78%. The worst market during that
period was Cumberland, MD, with appreciation of -9.30%.
The median for all cities during the 1st Quarter was 1.15%. The average for all
markets during the quarter was 0.97%.

Last Year:
During the last 12 months, Reno Home Prices had a rank of 17, with
appreciation during the year of 11.64%. The top performing market during the
last year was Boise City, ID, with an increase of 15.3%. The worst real estate
market during that period was Farmington, NM, with appreciation of -6.0%.
The median for all markets during this period was 5.97%. The average was
5.82%.

Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2018, Reno Home Prices
outperformed every state, with appreciation of 90.4%. The worst performer
during that period was Farmington, NM, with appreciation of -4%.
The median for all cities during this time period was 20%. The average over the
5 years was 26%.

Last 10 Years:
During the 10 years ended in the 1st Quarter of 2018, Reno Home Prices had a
rank of 119, with appreciation during the decade of 14%. The top performing
market during the period was Denver, CO, with a rise of 69%. The worst real
estate market during the 10 year time period was Atlantic City, NJ, with
appreciation of -26%.
The median for all markets during the last 10 years was 8%. The average for
the cities over that time frame was 9%.

Last 20 Years:
During the 20 years ended in the 1st Quarter of 2018, Reno Home Prices had a
rank of 82, with total growth over the 20 year period of 116%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 282%. The worst market during the last 20 years was Rockford, IL,
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 88%.

Historical research data on the Home Price Index for the Reno Real Estate
Market is available back to the 3rd Quarter, of 1978. All calculations are based
on the quarterly value of the House Price Index for Reno. 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, July 24, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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