Waco, TX - House Price Index (HPI)
Waco Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in Waco, 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
Waco Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  27182
2nd Quarter, 2017 Housing Statistics: Waco, Texas


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      81%

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 Waco housing market for the 12
months ending with the 2nd Quarter of 2018 is UP. The Accuracy of the Trend
Projection for Waco 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
Waco is 81% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 2nd Quarter of 2018 than they were in the 2nd
Quarter of 2017. Check this page each quarter for updates to the Waco Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      88%

The forecast for the trend in the Waco housing market for the 3 years ending
with the 2nd Quarter of 2020 is UP. The Accuracy of the Trend Prediction for
Waco is 88%. In other words, when tested against historical data, the
forecasting methodology was correct 88% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Waco is 88% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 2nd Quarter of 2020 than they were in the 2nd
Quarter of 2017. Check this page each quarter for updates to the Waco Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
2nd Quarter, 2017 Housing Data: Waco, Texas


Historical Home Price Appreciation
Last Quarter                         5.09%
Last Year                              9.1%
Last 5 Years                         26%
Last 10 Years                       33%
Last 20 Years                       103%



Annual Home Price Appreciation Rates
1987      -4.62%
1988      -2.22%
1989      -0.51%
1990      1.35%
1991      1.42%
1992      5.35%
1993      3.49%
1994      -1.68%
1995      9.43%
1996      0.69%
1997      2.84%
1998      4.59%
1999      3.89%
2000      3.02%
2001      5.99%
2002      4.13%
2003      3.85%
2004      6.65%
2005      6.60%
2006      -1.78%
2007      6.08%
2008      0.49%
2009      1.73%
2010      0.64%
2011      1.54%
2012      0.28%
2013      2.67%
2014      4.10%
2015      4.02%
2016      6.20%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              5.09%         Rank: 35 of 381 (91st Percentile)
Last Year  . . . . . . . . . . . . . . . .  9.1%           Rank: 68 of 381 (82nd Percentile)
Last 5 Years                              26%            Rank: 133 of 381 (65th Percentile)
Last 10 Years  . . . . . . . . . . . .   33%            Rank: 22 of 381 (94th Percentile)
Last 20 Years                            103%          Rank: 113 of 379 (70th Percentile)


The change in home prices for Waco, TX are shown above for five time periods.
For example: Waco appreciated 5.09% in the Last Quarter. At that rate, the
Waco Real Estate Market was ranked 35th out of 381 metropolitan Real Estate
Markets. Waco was in the 91st percentile. So Waco, TX performed better in the
Last Quarter than 91% of the 381 metropolitan areas covered in
LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
2nd Quarter, 2017 Housing Statistics: Waco, Texas

The all time high in the Waco Home Price Index was 213.8 in the 2nd Quarter,
of 2017.  The Home Price Index indicates that the Waco Market is up 33% over
the last 10 years. Home prices in the Waco Real Estate Market have gained
9.09% over the last 12 months. Over the last thirty years, it is up 129%.

The 2nd Quarter index value was 10.35 points higher than the 1st Quarter,
2017 index value of 203.48, resulting in a 5.09% rise in the 2nd Quarter for the
Waco Market.

The Waco Home Price Index has increased for 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 24
consecutive quarters. The current record holders for consecutive declines in
the Home Price Index are Manhattan, KS and Longview, TX, with declines in the
last 3 consecutive quarters.

The highest annual change in the value of houses in the Waco Real Estate
Market was 9% in the twelve months ended with the 4th Quarter of 1995. The
worst annual change in home values  in the Waco Market was -10% in the
twelve months ended with the 2nd Quarter of 1988.

The highest growth in home values in the Waco Real Estate Market over a
three year period was 22% in the three years ended with the 2nd Quarter of
2017. The worst performance over a three year period in the Waco Market was
-9% in the three years ended with the 3rd Quarter of 1990.

This page provides a long term graph of the Waco 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 Waco 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 Waco 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 Waco 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
2nd Quarter, 2017 Housing Data: Waco, Texas

The trend of Waco 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 2nd Quarter of 2017, Waco Home Prices had a rank of 35, with
appreciation of 5.09%. The top performing real estate market during the 2nd
Quarter was Weirton, OH, with a rise of 14.58%. The worst market during that
period was Bangor, ME, with appreciation of -4.77%.
The median for all cities during the 2nd Quarter was 2.58%. The average for all
markets during the quarter was 2.50%.

Last Year:
During the last 12 months, Waco Home Prices had a rank of 68, with
appreciation during the year of 9.09%. The top performing market during the
last year was Mount Vernon, WA, with an increase of 15.1%. The worst real
estate market during that period was Pine Bluff, AR, with appreciation of -7.9%.
The median for all markets during this period was 5.39%. The average was
5.53%.

Last 5 Years:
Over the 5 years ended with the 2nd Quarter of 2017, Waco Home Prices
ranked 133, with a total appreciation of 25.6%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 93%.
The worst market during that period was Jacksonville, NC, with appreciation of
-3%.
The median for all cities during this time period was 18%. The average over the
5 years was 25%.

Last 10 Years:
During the 10 years ended in the 2nd Quarter of 2017, Waco Home Prices had
a rank of 22, with appreciation during the decade of 33%. The top performing
market during the period was Austin, TX, with a rise of 62%. The worst real
estate market during the 10 year time period was Atlantic City, NJ, with
appreciation of -29%.
The median for all markets during the last 10 years was 4%. The average for
the cities over that time frame was 5%.

Last 20 Years:
During the 20 years ended in the 2nd Quarter of 2017, Waco Home Prices had
a rank of 113, with total growth over the 20 year period of 103%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 289%. The worst market during the last 20 years was Saginaw, MI,
with appreciation of 20%.
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 Waco Real Estate
Market is available back to the 2nd Quarter, of 1986. All calculations are based
on the quarterly value of the House Price Index for Waco. 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, October 31, 2017.
SignalTrend  Inc. 2008 - 2017; All rights reserved.


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