Tampa, FL - House Price Index (HPI)
Tampa Real Estate Market - Home Price Forecast
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The House Price Index (HPI) shows changes in Tampa-St. Petersburg-Clearwater, FL single family
home prices in
logarithmic scale. The March, 1995 index value equals 100.  Updated Friday, July 24,
2015. Real estate forecasts, analysis, statistics and appreciation rates are provided below.
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Tampa Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  18783
3rd Quarter, 2014 Housing Statistics: Tampa, Florida


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      85%

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 Tampa housing market for the 12
months ending with the 3rd Quarter of 2015 is UP. The Accuracy of the Trend
Projection for Tampa is 85%. In other words, when tested against historical
data, the forecasting methodology was correct 85% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Tampa is 85% 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 Tampa Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      86%

The forecast for the trend in the Tampa housing market for the 3 years ending
with the 3rd Quarter of 2017 is UP. The Accuracy of the Trend Prediction for
Tampa is 86%. In other words, when tested against historical data, the
forecasting methodology was correct 86% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Tampa is 86% 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 Tampa Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2014 Housing Data: Tampa, Florida


Historical Home Price Appreciation
Last Quarter                         2.49%
Last Year                              9.8%
Last 5 Years                         4%
Last 10 Years                       0%
Last 20 Years                       104%
Decline From All Time High   29.76%


Annual Home Price Appreciation Rates
1984      -2.69%
1985      10.22%
1986      4.00%
1987      2.72%
1988      1.99%
1989      3.40%
1990      -0.79%
1991      3.17%
1992      1.54%
1993      2.66%
1994      -1.32%
1995      4.54%
1996      2.00%
1997      4.61%
1998      5.27%
1999      6.12%
2000      8.95%
2001      10.33%
2002      9.13%
2003      10.41%
2004      17.60%
2005      25.89%
2006      8.89%
2007      -7.39%
2008      -20.41%
2009      -11.09%
2010      -6.41%
2011      -5.14%
2012      2.21%
2013      10.31%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.49%         Rank: 99 of 381 (74th Percentile)
Last Year  . . . . . . . . . . . . . . . .  9.8%           Rank: 42 of 381 (89th Percentile)
Last 5 Years                              4%              Rank: 134 of 381 (65th Percentile)
Last 10 Years  . . . . . . . . . . . .   0%              Rank: 282 of 381 (26th Percentile)
Last 20 Years                            104%          Rank: 73 of 378 (80th Percentile)
Decline From All Time High        29.76%

The change in home prices for Tampa-St. Petersburg-Clearwater, FL are
shown above for five time periods. For example: Tampa appreciated 2.49% in
the Last Quarter. At that rate, the Tampa Real Estate Market was ranked 99th
out of 381 metropolitan Real Estate Markets. Tampa was in the 74th percentile.
So Tampa, FL performed better in the Last Quarter than 74% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2014 Housing Statistics: Tampa, Florida

The data and analysis on this page pertains to Tampa-St.
Petersburg-Clearwater, FL, hereinafter referred to as "Tampa". The all time
high in the Tampa Home Price Index was 289.9 in the 4th Quarter, of 2006. The
3rd Quarter, 2014 index value was 203.7. That's a decline of 86.27 points or
29.76% below the Tampa Home Price Index all time high.  The Home Price Index
indicates that the Tampa Market is up 0% over the last 10 years. Home prices
in the Tampa Real Estate Market have gained 9.81% over the last 12 months.
Over the last thirty years, it is up 153%.

The 3rd Quarter index value was 4.95 points higher than the 2nd Quarter, 2014
index value of 198.71, resulting in a 2.49% rise in the 3rd Quarter for the
Tampa Market.

The Tampa Home Price Index has increased for the last 6 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 current record holder for consecutive declines in the
Home Price Index is Terre Haute, IN, with declines in the last 3 consecutive
quarters.

The highest annual change in the value of houses in the Tampa Real Estate
Market was 26% in the twelve months ended with the 4th Quarter of 2005. The
worst annual change in home values  in the Tampa Market was -20% in the
twelve months ended with the 4th Quarter of 2008.

The highest growth in home values in the Tampa Real Estate Market over a
three year period was 69% in the three years ended with the 2nd Quarter of
2006. The worst performance over a three year period in the Tampa Market
was -37% in the three years ended with the 2nd Quarter of 2010.

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

The trend of Tampa 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 Tampa-St. Petersburg-Clearwater, FL, hereinafter referred to as "Tampa".

Last Quarter:
During the 3rd Quarter of 2014, Tampa Home Prices had a rank of 99, with
appreciation of 2.49%. 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, Tampa Home Prices had a rank of 42, with
appreciation during the year of 9.81%. 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, Tampa Home Prices
ranked 134, with a total appreciation of 4.4%. 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, Tampa Home Prices had
a rank of 282, with appreciation during the decade of 0%. 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, Tampa Home Prices had
a rank of 73, with total growth over the 20 year period of 104%. 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 Tampa Real Estate
Market is available back to the 3rd Quarter, of 1977. All calculations are based
on the quarterly value of the House Price Index for Tampa. 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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