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Anderson, SC - House Price Index (HPI) - 20 Year Chart
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Anderson Real Estate Market (SC)
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The House Price Index (HPI) shows changes in Anderson, SC 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.
Anderson Real Estate Market: Trend, Analysis & Statistics
1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010
Commentary 9310
3rd Quarter, 2011 Housing Statistics: Anderson, South Carolina
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: DOWN
Forecast Accuracy: 93%
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 Anderson housing market for the 12
months ending with the 3rd Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Anderson is 93%. In other words, when tested against
historical data, the forecasting methodology was correct 93% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Anderson is 93% 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
Anderson Real Estate Market Forecast.
3 Year Forecast: DOWN
Forecast Accuracy: 91%
The forecast for the trend in the Anderson housing market for the 3 years
ending with the 3rd Quarter of 2014 is DOWN. The Accuracy of the Trend
Forecast for Anderson is 91%. In other words, when tested against historical
data, the forecasting methodology was correct 91% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Anderson is 91% 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 Anderson
Real Estate Market Forecast.
Part 2: MARKET SUMMARY
3rd Quarter, 2011 Housing Data: Anderson, South Carolina
Historical Home Price Appreciation
Last Quarter 0.31%
Last Year . . . . . . . . . . . . . . . . . . . . -5.8%
Last 5 Years -2%
Last 10 Years . . . . . . . . . . . . . . . . . 15%
Last 20 Years 81%
Decline From All Time High 11.45%
Annual Home Price Appreciation Rates
1981 n/a
1982 n/a
1983 n/a
1984 n/a
1985 n/a
1986 n/a
1987 n/a
1988 11.49%
1989 1.82%
1990 1.76%
1991 5.79%
1992 0.94%
1993 3.73%
1994 1.80%
1995 9.74%
1996 1.85%
1997 4.77%
1998 6.98%
1999 5.75%
2000 4.18%
2001 6.59%
2002 1.81%
2003 4.02%
2004 1.02%
2005 4.10%
2006 6.14%
2007 3.42%
2008 1.96%
2009 -4.07%
2010 0.19%
Real Estate Appreciation, Rank & Percentile
Last Quarter 0.31% Rank: 233 of 381 (38th Percentile)
Last Year . . . . . . . . . . . . . . . . -5.8% Rank: 277 of 381 (27th Percentile)
Last 5 Years -2% Rank: 156 of 381 (59th Percentile)
Last 10 Years . . . . . . . . . . . . 15% Rank: 291 of 381 (23rd Percentile)
Last 20 Years 81% Rank: 206 of 351 (41st Percentile)
Decline From All Time High 11.45%
Home Price appreciation rates for Anderson, SC are shown above for five time
periods. For example: Anderson appreciated 0.31% in the Last Quarter. At that
rate, the Anderson Real Estate Market was ranked 233rd out of 381
metropolitan areas for Real Estate Appreciation. Anderson was in the 38th
percentile. So Anderson, SC performed better in the Last Quarter than 38% of
the 381 metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2011 Housing Statistics: Anderson, South Carolina
The all time high in the Anderson Home Price Index was 181.5 in the 1st
Quarter, of 2008. The 3rd Quarter, 2011 index value was 160.7. That's a
decline of 20.78 points or 11.45% below the Anderson Home Price Index all time
high. The Home Price Index indicates that the Anderson Market is up 15% over
the last 10 years. Home Prices in the Anderson Real Estate Market have lost
5.79% over the last 12 months.
The 3rd Quarter index value was 0.50 points higher than the 2nd Quarter, 2011
index value of 160.17, resulting in a 0.31% rise in the 3rd Quarter for the
Anderson Market.
The Anderson Home Price Index increased in the last quarter after falling in the
previous 2 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 Anderson Real Estate Market
was 11% in the twelve months ended with the 4th Quarter of 1988. The worst
annual home appreciation rate in the Anderson Market was -7% in the twelve
months ended with the 2nd Quarter of 2010.
The highest home appreciation in the Anderson Real Estate Market over a
three year period was 19% in the three years ended with the 4th Quarter of
1999. The worst home appreciation over a three year period in the Anderson
Market was -11% in the three years ended with the 2nd Quarter of 2011.
This page provides a long term graph of the Anderson Home Price Index
(above). The house price chart has been updated through the 3rd Quarter of
2011. For more information about Anderson Home Prices, look at the links
under that chart. One link opens a long term chart of historical appreciation
rates for the Anderson Real Estate Market. Another opens a forecast for
appreciation rates in the state of South Carolina. 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 Anderson Home
Prices will be at your fingertips when you need them.
Historical data on the Anderson Home Price Index is available back to the 4th
Quarter, of 1988. All calculations are based on the quarterly value of the House
Price Index for the Anderson 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 Anderson 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: Anderson, South Carolina
The appreciation of Anderson 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, Anderson Home Prices had a rank of 233, with
appreciation of 0.31%. 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, Anderson Home Prices had a rank of 277, with
appreciation during the year of -5.79%. 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, Anderson Home Prices
ranked 156, with a total appreciation of -1.9%. 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, Anderson Home Prices
had a rank of 291, with appreciation during the decade of 15%. 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, Anderson Home Prices
had a rank of 206, with total appreciation over the 20 year period of 81%. 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 Anderson Real Estate
Market is available back to the 4th Quarter, of 1988. All calculations are based
on the quarterly value of the House Price Index for Anderson. 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)
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