Tuscaloosa, AL - House Price Index (HPI)
Tuscaloosa Real Estate Market - Home Price Forecast
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The House Price Index (HPI) shows changes in Tuscaloosa, AL 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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Tuscaloosa Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  27935
3rd Quarter, 2017 Housing Statistics: Tuscaloosa, Alabama


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      80%

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 Tuscaloosa housing market for the 12
months ending with the 3rd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Tuscaloosa is 80%. In other words, when tested against historical
data, the forecasting methodology was correct 80% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Tuscaloosa is 80% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 3rd Quarter of 2018 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Tuscaloosa
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      77%

The forecast for the trend in the Tuscaloosa housing market for the 3 years
ending with the 3rd Quarter of 2020 is UP. The Accuracy of the Trend
Prediction for Tuscaloosa is 77%. In other words, when tested against historical
data, the forecasting methodology was correct 77% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Tuscaloosa is 77% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 3rd Quarter of 2020 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Tuscaloosa
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: Tuscaloosa, Alabama


Historical Home Price Appreciation
Last Quarter                         -1.69%
Last Year                              1.9%
Last 5 Years                         9%
Last 10 Years                       8%
Last 20 Years                       61%
Decline From All Time High   1.69%


Annual Home Price Appreciation Rates
1987        n/a
1988        n/a
1989        n/a
1990        n/a
1991      7.14%
1992      1.31%
1993      6.17%
1994      4.02%
1995      6.74%
1996      6.28%
1997      5.09%
1998      4.11%
1999      1.08%
2000      3.64%
2001      4.95%
2002      2.82%
2003      3.98%
2004      3.84%
2005      8.15%
2006      5.36%
2007      2.51%
2008      2.45%
2009      -0.74%
2010      -2.80%
2011      -1.08%
2012      1.38%
2013      -0.41%
2014      -0.47%
2015      0.22%
2016      5.68%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -1.69%        Rank: 358 of 381 (6th Percentile)
Last Year  . . . . . . . . . . . . . . . .  1.9%           Rank: 325 of 381 (14th Percentile)
Last 5 Years                              9%              Rank: 309 of 381 (18th Percentile)
Last 10 Years  . . . . . . . . . . . .   8%              Rank: 160 of 381 (58th Percentile)
Last 20 Years                            61%            Rank: 275 of 379 (27th Percentile)
Decline From All Time High        1.69%

The change in home prices for Tuscaloosa, AL are shown above for five time
periods. For example: Tuscaloosa appreciated -1.69% in the Last Quarter. At
that rate, the Tuscaloosa Real Estate Market was ranked 358th out of 381
metropolitan Real Estate Markets. Tuscaloosa was in the 6th percentile. So
Tuscaloosa, AL performed better in the Last Quarter than 6% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2017 Housing Statistics: Tuscaloosa, Alabama

The all time high in the Tuscaloosa Home Price Index was 190.7 in the 2nd
Quarter, of 2017. The 3rd Quarter, 2017 index value was 187.5. That's a
decline of 3.22 points or 1.69% below the Tuscaloosa Home Price Index all time
high.  The Home Price Index indicates that the Tuscaloosa Market is up 8%
over the last 10 years. Home prices in the Tuscaloosa Real Estate Market have
gained 1.92% over the last 12 months.

The 3rd Quarter index value was 3.22 points lower than the 2nd Quarter, 2017
index value of 190.71, resulting in a 1.69% decline for the 3rd Quarter in the
Tuscaloosa Market.

The Tuscaloosa Home Price Index declined in the last quarter after increasing
in the previous 2 quarters. The current record holder for consecutive declines
in the Home Price Index is Carbondale, IL, 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 25 consecutive quarters.

The highest annual change in the value of houses in the Tuscaloosa Real
Estate Market was 10% in the twelve months ended with the 1st Quarter of
1996. The worst annual change in home values  in the Tuscaloosa Market was
-4% in the twelve months ended with the 1st Quarter of 2011.

The highest growth in home values in the Tuscaloosa Real Estate Market over
a three year period was 22% in the three years ended with the 3rd Quarter of
1996. The worst performance over a three year period in the Tuscaloosa
Market was -7% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the Tuscaloosa Home Price Index
(above). For information about Alabama 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 Tuscaloosa 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 Tuscaloosa 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 Tuscaloosa 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, 2017 Housing Data: Tuscaloosa, Alabama

The trend of Tuscaloosa 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 3rd Quarter of 2017, Tuscaloosa Home Prices had a rank of 358,
with appreciation of -1.69%. The top performing real estate market during the
3rd Quarter was Pine Bluff, AR, with a rise of 7.86%. The worst market during
that period was Weirton, OH, with appreciation of -9.33%.
The median for all cities during the 3rd Quarter was 1.52%. The average for all
markets during the quarter was 1.39%.

Last Year:
During the last 12 months, Tuscaloosa Home Prices had a rank of 325, with
appreciation during the year of 1.92%. The top performing market during the
last year was Seattle, WA, with an increase of 14.2%. The worst real estate
market during that period was Lawton, OK, with appreciation of -7.3%.
The median for all markets during this period was 5.41%. The average was
5.42%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2017, Tuscaloosa Home Prices
ranked 309, with a total appreciation of 8.8%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 95%.
The worst market during that period was Lawton, OK, with appreciation of -7%.
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 3rd Quarter of 2017, Tuscaloosa Home Prices
had a rank of 160, with appreciation during the decade of 8%. The top
performing market during the period was Denver, CO, with a rise of 63%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -28%.
The median for all markets during the last 10 years was 5%. The average for
the cities over that time frame was 7%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2017, Tuscaloosa Home Prices
had a rank of 275, with total growth over the 20 year period of 61%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 283%. The worst market during the last 20 years was Mansfield,
OH, with appreciation of 20%.
The median for all cities during the last 20 years was 80%. The average for the
markets over that time frame was 89%.

Historical research data on the Home Price Index for the Tuscaloosa Real
Estate Market is available back to the 3rd Quarter, of 1990. All calculations are
based on the quarterly value of the House Price Index for Tuscaloosa. 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 Friday, February 9, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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