State College, PA - House Price Index (HPI)
State College Real Estate Market - Home Price Forecast
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The House Price Index (HPI) shows changes in State College, PA 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.
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State College Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  537.56
4th Quarter, 2017 Housing Statistics: State College, Pennsylvania


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      84%

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 State College housing market for the
12 months ending with the 4th Quarter of 2018 is UP. The Accuracy of the
Trend Projection for State College is 84%. In other words, when tested against
historical data, the forecasting methodology was correct 84% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in State College is 84% 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 State College Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      90%

The forecast for the trend in the State College housing market for the 3 years
ending with the 4th Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for State College is 90%. In other words, when tested against
historical data, the forecasting methodology was correct 90% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in State College is 90% 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 State College Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2017 Housing Data: State College, Pennsylvania


Historical Home Price Appreciation
Last Quarter                         -2.16%
Last Year                              2.1%
Last 5 Years                         17%
Last 10 Years                       21%
Last 20 Years                       99%
Decline From All Time High   2.16%


Annual Home Price Appreciation Rates
1988        n/a
1989        n/a
1990      -1.72%
1991      10.09%
1992      2.89%
1993      4.08%
1994      2.73%
1995      2.26%
1996      1.73%
1997      4.54%
1998      2.57%
1999      2.39%
2000      4.31%
2001      5.78%
2002      4.26%
2003      5.68%
2004      7.49%
2005      8.58%
2006      4.70%
2007      5.14%
2008      2.77%
2009      -1.04%
2010      0.94%
2011      -0.72%
2012      1.66%
2013      -0.58%
2014      3.44%
2015      4.92%
2016      6.25%
2017      2.07%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -2.16%        Rank: 360 of 381 (5th Percentile)
Last Year  . . . . . . . . . . . . . . . .  2.1%           Rank: 323 of 381 (15th Percentile)
Last 5 Years                              17%            Rank: 216 of 381 (43rd Percentile)
Last 10 Years  . . . . . . . . . . . .   21%            Rank: 55 of 381 (85th Percentile)
Last 20 Years                            99%            Rank: 125 of 379 (67th Percentile)
Decline From All Time High        2.16%

The change in home prices for State College, PA are shown above for five time
periods. For example: State College appreciated -2.16% in the Last Quarter. At
that rate, the State College Real Estate Market was ranked 360th out of 381
metropolitan Real Estate Markets. State College was in the 5th percentile. So
State College, PA performed better in the Last Quarter than 5% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2017 Housing Statistics: State College, Pennsylvania

The all time high in the State College Home Price Index was 224.2 in the 3rd
Quarter, of 2017. The 4th Quarter, 2017 index value was 219.4. That's a
decline of 4.85 points or 2.16% below the State College Home Price Index all
time high.  The Home Price Index indicates that the State College Market is up
21% over the last 10 years. Home prices in the State College Real Estate
Market have gained 2.07% over the last 12 months.

The 4th Quarter index value was 4.85 points lower than the 3rd Quarter, 2017
index value of 224.23, resulting in a 2.16% decline for the 4th Quarter in the
State College Market.

The State College 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 State College Real
Estate Market was 10% in the twelve months ended with the 4th Quarter of
1991. The worst annual change in home values  in the State College Market
was -2% in the twelve months ended with the 1st Quarter of 2014.

The highest growth in home values in the State College Real Estate Market
over a three year period was 25% in the three years ended with the 2nd
Quarter of 2006. The worst performance over a three year period in the State
College Market was -1% in the three years ended with the 4th Quarter of 2011.

This page provides a long term graph of the State College Home Price Index
(above). For information about Pennsylvania 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 State College 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 State College 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 State College 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: State College, Pennsylvania

The trend of State College 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, State College Home Prices had a rank of 360,
with appreciation of -2.16%. 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, State College Home Prices had a rank of 323, with
appreciation during the year of 2.07%. 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, State College Home
Prices ranked 216, with a total appreciation of 17.0%. 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, State College Home
Prices had a rank of 55, with appreciation during the decade of 21%. 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, State College Home
Prices had a rank of 125, with total growth over the 20 year period of 99%. 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 State College Real
Estate Market is available back to the 2nd Quarter, of 1989. All calculations are
based on the quarterly value of the House Price Index for State College. 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 Wednesday, April 25, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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