__________________________________________
Akron, OH - House Price Index (HPI) - 31 Year Chart
Akron Real Estate Market
100
1000
The House Price Index (HPI) shows changes in Akron, OH single family home prices in logarithmic
scale. The March, 1995 index value equals 100.  Updated Wednesday, January 25, 2012. Real estate
forecasts, analysis, statistics and appreciation rates are provided below.
Akron Real Estate Index: 31 Year Chart
Home Values Appreciation Rate - US Cities
10
Akron Real Estate Market: Trend, Analysis & Statistics
Home        About Us
1/1980         1/1985        1/1990        1/1995        1/2000         1/2005        1/2010
Commentary  9299
3rd Quarter, 2011 Housing Statistics: Akron, Ohio


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      85%

Forecast-Chart.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 Akron housing market for the 12
months ending with the 3rd Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Akron is 85%. In other words, when tested against historical
data, the forecasting methodology was correct 85% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Akron is 85% during this period. If this Housing Market Forecast is correct,
home prices will be lower in the 3rd Quarter of 2012 than they were in the 3rd
Quarter of 2011. Check this page each quarter for updates to the Akron Real
Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      85%

The forecast for the trend in the Akron housing market for the 3 years ending
with the 3rd Quarter of 2014 is DOWN. The Accuracy of the Trend Forecast for
Akron is 85%. In other words, when tested against historical data, the
forecasting methodology was correct 85% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Akron is 85% during this period. If this Housing Market Forecast is correct,
home prices will be lower in the 3rd Quarter of 2014 than they were in the 3rd
Quarter of 2011. Check this page each quarter for updates to the Akron Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2011 Housing Data: Akron, Ohio


Historical Home Price Appreciation
Last Quarter                                     0.57%
Last Year . . . . . . . . . . . . . . . . . . . .  -4.3%
Last 5 Years                                     -10%
Last 10 Years . . . . . . . . . . . . . . . . . 0%
Last 20 Years                                   60%
Decline From All Time High               12.05%


Annual Home Price Appreciation Rates
1981      -0.70%
1982      -2.11%
1983      2.52%
1984      1.19%
1985      3.88%
1986      6.49%
1987      6.45%
1988      5.78%
1989      6.90%
1990      4.84%
1991      5.36%
1992      6.20%
1993      5.89%
1994      3.33%
1995      6.19%
1996      4.77%
1997      5.13%
1998      5.18%
1999      1.94%
2000      4.42%
2001      5.55%
2002      2.68%
2003      2.49%
2004      3.12%
2005      3.05%
2006      -0.10%
2007      -2.91%
2008      -2.45%
2009      -1.49%
2010      -1.67%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.57%         Rank: 216 of 381 (43rd Percentile)
Last Year  . . . . . . . . . . . . . . . .  -4.3%          Rank: 225 of 381 (41st Percentile)
Last 5 Years                              -10%           Rank: 227 of 381 (40th Percentile)
Last 10 Years  . . . . . . . . . . . .   0%              Rank: 352 of 381 (7th Percentile)
Last 20 Years                            60%            Rank: 284 of 351 (19th Percentile)
Decline From All Time High        12.05%

Home Price appreciation rates for Akron, OH are shown above for five time
periods. For example: Akron appreciated 0.57% in the Last Quarter. At that
rate, the Akron Real Estate Market was ranked 216th out of 381 metropolitan
areas for Real Estate Appreciation. Akron was in the 43rd percentile. So Akron,
OH performed better in the Last Quarter than 43% of the 381 metropolitan
areas covered in Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2011 Housing Statistics: Akron, Ohio

The all time high in the Akron Home Price Index was 153.2 in the 1st Quarter, of
2006. The 3rd Quarter, 2011 index value was 134.7. That's a decline of 18.46
points or 12.05% below the Akron Home Price Index all time high.  The Home
Price Index indicates that the Akron Market is up 0% over the last 10 years.
Home Prices in the Akron Real Estate Market have lost 4.33% over the last 12
months. Over the last thirty years, it is up 135%.

The 3rd Quarter index value was 0.76 points higher than the 2nd Quarter, 2011
index value of 133.97, resulting in a 0.57% rise in the 3rd Quarter for the Akron
Market.

The Akron Home Price Index increased in the last quarter after falling in the
previous 3 quarters. The current record holder for consecutive increases in the
Home Price Index is Bismarck, ND, with increases in the last 6 consecutive
quarters. The current record holder for consecutive declines in the Home Price
Index is Las Vegas, NV, with declines in the last 19 consecutive quarters.

The highest annual home appreciation rate in the Akron Real Estate Market
was 20% in the twelve months ended with the 4th Quarter of 1978. The worst
annual home appreciation rate in the Akron Market was -6% in the twelve
months ended with the 1st Quarter of 2010.

The highest home appreciation in the Akron Real Estate Market over a three
year period was 42% in the three years ended with the 4th Quarter of 1979.
The worst home appreciation over a three year period in the Akron Market was
-9% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the Akron Home Price Index (above).
The house price chart has been updated through the 3rd Quarter of 2011. For
more information about Akron Home Prices, look at the links under that chart.
One link opens a long term chart of historical appreciation rates for the Akron
Real Estate Market. Another opens a forecast for appreciation rates in the state
of Ohio. Just one glance at Forecast-Chart.com's long term charts can provide
tremendous insight into the historical trends of residential property values.
Bookmark this page! Then Forecast-Chart.com's detailed research and
statistics about Akron Home Prices will be at your fingertips when you need
them.

Historical data on the Akron Home Price Index is available back to the 1st
Quarter, of 1977. All calculations are based on the quarterly value of the House
Price Index for the Akron 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 Akron 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, 2011 Housing Data: Akron, Ohio

The appreciation of Akron 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 2011, Akron Home Prices had a rank of 216, with
appreciation of 0.57%. The top performing real estate market during the 3rd
Quarter was Lewiston, ID, with appreciation of 7.64%. The worst market during
that period was Sumter, SC, with appreciation of -5.30%.
The median appreciation for all cities during the 3rd Quarter was 0.70%. The
average appreciation for all markets during the quarter was 0.72%.

Last Year:
During the last 12 months, Akron Home Prices had a rank of 225, with
appreciation during the year of -4.33%. The top performing market during the
last year was Elmira, NY, with appreciation of 6.1%. The worst real estate
market during that period was Carson City, NV, with appreciation of -15.4%.
The median appreciation for all markets during this period was -3.41%. The
average appreciation was -4.02%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2011, Akron Home Prices
ranked 227, with a total appreciation of -9.9%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 27%. The
worst market during that period was Merced, CA, with appreciation of -64%.
The median appreciation for all cities during this time period was -6%. The
average appreciation over the 5 years was -10%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2011, Akron Home Prices had
a rank of 352, with appreciation during the decade of 0%. The top performing
market during the period was Midland, TX, with appreciation of 92%. The worst
real estate market during the 10 year time period was Detroit, MI, with
appreciation of -29%.
The median appreciation for all markets during the last 10 years was 26%. The
average appreciation for the cities over that time frame was 26%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2011, Akron Home Prices had
a rank of 284, with total appreciation over the 20 year period of 60%. The top
performing real estate market during the period was Casper, WY, with
appreciation of 214%. The worst market during the last 20 years was Merced,
CA, with appreciation of 6%.
The median appreciation for all cities during the last 20 years was 87%. The
average appreciation for the markets over that time frame was 89%.

Historical research data on the Home Price Index for the Akron Real Estate
Market is available back to the 1st Quarter, of 1977. All calculations are based
on the quarterly value of the House Price Index for Akron. Real estate
appreciation figures represent total appreciation over each time period. (Unless
specifically stated, the appreciation figures do not represent annual or quarterly
rates of appreciation.)



PART 5: NATIONAL ECONOMIC FORECASTS
Local economies and home values are influenced in varying degrees by
national economic conditions. Forecasts for some relevant indicators are
included below. The date shown to the right of the forecast represents the
target date of the forecast.   Abbreviations: SSAR (Seasonally Adjusted Annual
Rate),  Q1 (First Quarter),  Q2 (Second Quarter),  etc.

U. S. Home Values (12 Month Appreciation or Depreciation)  -1.9%  (2012-Q4)
30 Year Mortgage Interest Rate:  3.25%  (December, 2012)
15 Year Mortgage Rate:  2.93%  (December, 2012)
Adjustable Rate Mortgage Rate:  0.00%  (December, 2012)
Housing Starts (SSAR in 1000's):  732  (November, 2012)
Prime Interest Rate:  0.11%  (December, 2012)
US Unemployment Rate (Overall):  8.63%  (November, 2012)
US Inflation or Deflation (-):  3.04%  (November, 2012)
Crude Oil Prices (Dollars per Barrel):  $92.4  (November, 2012)
Natural Gas Prices (Dollars Per Million BTU):  $3.37  (November, 2012)
U.S. Dollar Trade Weighted Currency Exchange Index:   105  (December, 2012)
GDP (Gross Domestic Product) SSAR in Trillions:  $15.6  (2012-Q2)
GNP (Gross National Product) SSAR in Trillions:  $16.0  (2012-Q2)
Federal Surplus or Deficit (-) in Billions:  $-1704  (2011)
National Debt (Trillions):  $14.6  (2012-Q2)
Fed Funds Rate:  4.03%  (December, 2012)
S&P 500 (Standard & Poor's 500 Stock Index):  1245  (December, 2012)
DJIA (Dow Jones Industrial Average):  12030  (December, 2012)
U. S. Exports (SSAR in Billions):  $2338  (2012-Q2)
U. S. Imports (SSAR in Billions):  $3042  (2012-Q2)
U. S. Personal Savings Rate:  4.61%  (November, 2012)

































_____________________________________________________________
Report a Problem with this Page    Contact Us     Privacy Policy    Terms of Use/Disclosure      
                                      SignalTrend Inc.  2008 - 2012, All Rights Reserved