Wichita Falls, TX - House Price Index (HPI)
Wichita Falls Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in Wichita Falls, TX 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.
10
Wichita Falls Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  18810
3rd Quarter, 2014 Housing Statistics: Wichita Falls, Texas


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      70%

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 Wichita Falls housing market for the 12
months ending with the 3rd Quarter of 2015 is UP. The Accuracy of the Trend
Projection for Wichita Falls is 70%. In other words, when tested against
historical data, the forecasting methodology was correct 70% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Wichita Falls is 70% 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
Wichita Falls Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      77%

The forecast for the trend in the Wichita Falls housing market for the 3 years
ending with the 3rd Quarter of 2017 is UP. The Accuracy of the Trend
Prediction for Wichita Falls 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 Wichita Falls is 77% 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
Wichita Falls Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2014 Housing Data: Wichita Falls, Texas


Historical Home Price Appreciation
Last Quarter                         -2.79%
Last Year                              1.4%
Last 5 Years                         1%
Last 10 Years                       19%
Last 20 Years                       57%
Decline From All Time High   3.45%


Annual Home Price Appreciation Rates
1984        n/a
1985        n/a
1986        n/a
1987        n/a
1988      -5.40%
1989      0.40%
1990      -2.82%
1991      5.82%
1992      5.95%
1993      5.05%
1994      1.64%
1995      10.58%
1996      -2.53%
1997      5.21%
1998      1.69%
1999      2.24%
2000      2.46%
2001      5.72%
2002      2.58%
2003      3.64%
2004      4.19%
2005      7.52%
2006      3.54%
2007      3.74%
2008      -2.98%
2009      1.45%
2010      2.77%
2011      -1.19%
2012      1.71%
2013      -1.39%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -2.79%        Rank: 375 of 381 (1st Percentile)
Last Year  . . . . . . . . . . . . . . . .  1.4%           Rank: 303 of 381 (20th Percentile)
Last 5 Years                              1%              Rank: 179 of 381 (53rd Percentile)
Last 10 Years  . . . . . . . . . . . .   19%            Rank: 121 of 381 (68th Percentile)
Last 20 Years                            57%            Rank: 307 of 378 (18th Percentile)
Decline From All Time High        3.45%

The change in home prices for Wichita Falls, TX are shown above for five time
periods. For example: Wichita Falls appreciated -2.79% in the Last Quarter. At
that rate, the Wichita Falls Real Estate Market was ranked 375th out of 381
metropolitan Real Estate Markets. Wichita Falls was in the 1st percentile. So
Wichita Falls, TX performed better in the Last Quarter than 1% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2014 Housing Statistics: Wichita Falls, Texas

The all time high in the Wichita Falls Home Price Index was 166.5 in the 1st
Quarter, of 2014. The 3rd Quarter, 2014 index value was 160.8. That's a
decline of 5.75 points or 3.45% below the Wichita Falls Home Price Index all
time high.  The Home Price Index indicates that the Wichita Falls Market is up
19% over the last 10 years. Home prices in the Wichita Falls Real Estate Market
have gained 1.41% over the last 12 months.

The 3rd Quarter index value was 4.61 points lower than the 2nd Quarter, 2014
index value of 165.39, resulting in a 2.79% decline for the 3rd Quarter in the
Wichita Falls Market.

The Wichita Falls Home Price Index has declined for the last 2 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
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 highest annual change in the value of houses in the Wichita Falls Real
Estate Market was 11% in the twelve months ended with the 1st Quarter of
1994. The worst annual change in home values  in the Wichita Falls Market was
-7% in the twelve months ended with the 2nd Quarter of 1988.

The highest growth in home values in the Wichita Falls Real Estate Market over
a three year period was 21% in the three years ended with the 2nd Quarter of
1994. The worst performance over a three year period in the Wichita Falls
Market was -8% in the three years ended with the 4th Quarter of 1990.

This page provides a long term graph of the Wichita Falls 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 Wichita Falls 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 Wichita Falls 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 Wichita Falls 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: Wichita Falls, Texas

The trend of Wichita Falls 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 2014, Wichita Falls Home Prices had a rank of 375,
with appreciation of -2.79%. 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, Wichita Falls Home Prices had a rank of 303, with
appreciation during the year of 1.41%. 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, Wichita Falls Home
Prices ranked 179, with a total appreciation of 1.4%. 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, Wichita Falls Home
Prices had a rank of 121, with appreciation during the decade of 19%. 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, Wichita Falls Home
Prices had a rank of 307, with total growth over the 20 year period of 57%. 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 Wichita Falls Real
Estate Market is available back to the 2nd Quarter, of 1987. All calculations are
based on the quarterly value of the House Price Index for Wichita Falls. 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.)





SignalTrend  Inc. 2008 - 2015; All rights reserved.



_____________________________________________________________
Report a Problem with this Page    Contact Us     Privacy Policy    Terms of
Use/Disclosure                                            SignalTrend Inc.  2008 - 2012, All Rights Reserved
LittleBigHomes.com
1/75
1/1980
1/1985
1/1990
1/1995
1/2000
1/2005
1/2010
1/15