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Dallas, TX - House Price Index (HPI) - 32 Year Chart
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Dallas Real Estate Market
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The House Price Index (HPI) shows changes in Dallas-Plano-Irving, TX single family home prices in
logarithmic scale. The March, 1995 index value equals 100. Updated Friday, January 27, 2012. Real
estate forecasts, analysis, statistics and appreciation rates are provided below.
Dallas Real Estate Market: Trend, Analysis & Statistics
1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010
Commentary 9382
3rd Quarter, 2011 Housing Statistics: Dallas, Texas
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: DOWN
Forecast Accuracy: 84%
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 Dallas housing market for the 12
months ending with the 3rd Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Dallas is 84%. In other words, when tested against historical
data, the forecasting methodology was correct 84% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Dallas is 84% 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 Dallas Real
Estate Market Forecast.
3 Year Forecast: DOWN
Forecast Accuracy: 83%
The forecast for the trend in the Dallas housing market for the 3 years ending
with the 3rd Quarter of 2014 is DOWN. The Accuracy of the Trend Forecast for
Dallas is 83%. In other words, when tested against historical data, the
forecasting methodology was correct 83% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Dallas is 83% 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 Dallas Real
Estate Market Forecast.
Part 2: MARKET SUMMARY
3rd Quarter, 2011 Housing Data: Dallas, Texas
Historical Home Price Appreciation
Last Quarter 1.22%
Last Year . . . . . . . . . . . . . . . . . . . . -2.2%
Last 5 Years 2%
Last 10 Years . . . . . . . . . . . . . . . . . 18%
Last 20 Years 70%
Decline From All Time High 4.05%
Annual Home Price Appreciation Rates
1981 8.07%
1982 6.08%
1983 5.84%
1984 5.44%
1985 4.16%
1986 1.09%
1987 -7.69%
1988 -5.20%
1989 0.68%
1990 -0.75%
1991 3.09%
1992 2.04%
1993 1.94%
1994 -1.41%
1995 4.23%
1996 1.72%
1997 4.05%
1998 5.87%
1999 5.74%
2000 6.09%
2001 6.62%
2002 3.57%
2003 1.63%
2004 2.69%
2005 3.24%
2006 3.14%
2007 2.83%
2008 1.19%
2009 -0.75%
2010 -0.07%
Real Estate Appreciation, Rank & Percentile
Last Quarter 1.22% Rank: 145 of 381 (62nd Percentile)
Last Year . . . . . . . . . . . . . . . . -2.2% Rank: 130 of 381 (66th Percentile)
Last 5 Years 2% Rank: 101 of 381 (73rd Percentile)
Last 10 Years . . . . . . . . . . . . 18% Rank: 264 of 381 (30th Percentile)
Last 20 Years 70% Rank: 253 of 351 (28th Percentile)
Decline From All Time High 4.05%
Home Price appreciation rates for Dallas-Plano-Irving, TX are shown above for
five time periods. For example: Dallas appreciated 1.22% in the Last Quarter.
At that rate, the Dallas Real Estate Market was ranked 145th out of 381
metropolitan areas for Real Estate Appreciation. Dallas was in the 62nd
percentile. So Dallas, TX performed better in the Last Quarter than 62% of the
381 metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2011 Housing Statistics: Dallas, Texas
The data and analysis on this page pertains to Dallas-Plano-Irving, TX,
hereinafter referred to as "Dallas". The all time high in the Dallas Home Price
Index was 169.7 in the 1st Quarter, of 2009. The 3rd Quarter, 2011 index value
was 162.8. That's a decline of 6.88 points or 4.05% below the Dallas Home
Price Index all time high. The Home Price Index indicates that the Dallas Market
is up 18% over the last 10 years. Home Prices in the Dallas Real Estate Market
have lost 2.19% over the last 12 months. Over the last thirty years, it is up 90%.
The 3rd Quarter index value was 1.97 points higher than the 2nd Quarter, 2011
index value of 160.85, resulting in a 1.22% rise in the 3rd Quarter for the Dallas
Market.
The Dallas 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 Dallas Real Estate Market
was 24% in the twelve months ended with the 3rd Quarter of 1978. The worst
annual home appreciation rate in the Dallas Market was -8% in the twelve
months ended with the 1st Quarter of 1988.
The highest home appreciation in the Dallas Real Estate Market over a three
year period was 70% in the three years ended with the 4th Quarter of 1979.
The worst home appreciation over a three year period in the Dallas Market was
-14% in the three years ended with the 2nd Quarter of 1989.
This page provides a long term graph of the Dallas Home Price Index (above).
The house price chart has been updated through the 3rd Quarter of 2011. For
more information about Dallas Home Prices, look at the links under that chart.
One link opens a long term chart of historical appreciation rates for the Dallas
Real Estate Market. Another opens a forecast for appreciation rates in the state
of Texas. 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 Dallas Home Prices will be at your fingertips when you need
them.
Historical data on the Dallas Home Price Index is available back to the 2nd
Quarter, of 1976. All calculations are based on the quarterly value of the House
Price Index for the Dallas 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 Dallas 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: Dallas, Texas
The appreciation of Dallas 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. The data and analysis on this page pertains
to Dallas-Plano-Irving, TX, hereinafter referred to as "Dallas".
Last Quarter:
During the 3rd Quarter of 2011, Dallas Home Prices had a rank of 145, with
appreciation of 1.22%. 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, Dallas Home Prices had a rank of 130, with
appreciation during the year of -2.19%. 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, Dallas Home Prices
ranked 101, with a total appreciation of 2.2%. 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, Dallas Home Prices had
a rank of 264, with appreciation during the decade of 18%. 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, Dallas Home Prices had
a rank of 253, with total appreciation over the 20 year period of 70%. 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 Dallas Real Estate
Market is available back to the 2nd Quarter, of 1976. The chart has been
updated through the 3rd Quarter of 2011. All calculations are based on the
quarterly value of the House Price Index for Dallas. 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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