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Grand Rapids, MI - House Price Index (HPI) - 29 Year Chart
Grand Rapids Real Estate Market
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1000
The House Price Index (HPI) shows changes in Grand Rapids-Wyoming, MI single family home
prices in logarithmic scale. The March, 1995 index value equals 100. Updated Friday, April 20, 2012.
Real estate forecasts, analysis, statistics and appreciation rates are provided below.
Grand Rapids Real Estate Index: 29 Year Chart
Home Values Appreciation Rate - US Cities
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Grand Rapids Real Estate Market: Trend, Analysis & Statistics
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Commentary  10196
4th Quarter, 2011 Housing Statistics: Grand Rapids, Michigan


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      92%

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 Grand Rapids housing market for the
12 months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Grand Rapids is 92%. In other words, when tested against
historical data, the forecasting methodology was correct 92% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Grand Rapids is 92% during this period. If this Housing Market
Forecast is correct, home prices will be lower in the 4th Quarter of 2012 than
they were in the 4th Quarter of 2011. Check this page each quarter for updates
to the Grand Rapids Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      90%

The forecast for the trend in the Grand Rapids housing market for the 3 years
ending with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend
Forecast for Grand Rapids is 90%. In other words, when tested against
historical data, the forecasting methodology was correct 90% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Grand Rapids is 90% during this period. If this Housing Market
Forecast is correct, home prices will be lower in the 4th Quarter of 2014 than
they were in the 4th Quarter of 2011. Check this page each quarter for updates
to the Grand Rapids Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Grand Rapids, Michigan


Historical Home Price Appreciation
Last Quarter                                     0.06%
Last Year . . . . . . . . . . . . . . . . . . . .  -2.3%
Last 5 Years                                     -17%
Last 10 Years . . . . . . . . . . . . . . . . . -5%
Last 20 Years                                   54%
Decline From All Time High               17.87%


Annual Home Price Appreciation Rates
1982      0.16%
1983      4.83%
1984      2.25%
1985      4.86%
1986      7.74%
1987      8.45%
1988      6.94%
1989      6.63%
1990      3.17%
1991      4.25%
1992      1.87%
1993      2.11%
1994      5.17%
1995      6.22%
1996      6.92%
1997      6.17%
1998      4.46%
1999      5.70%
2000      6.52%
2001      5.06%
2002      3.89%
2003      3.62%
2004      4.09%
2005      2.76%
2006      -0.98%
2007      -3.88%
2008      -6.28%
2009      -5.41%
2010      -0.41%
2011      -2.26%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.06%         Rank: 225 of 381 (41st Percentile)
Last Year  . . . . . . . . . . . . . . . .  -2.3%          Rank: 175 of 381 (54th Percentile)
Last 5 Years                              -17%           Rank: 274 of 381 (28th Percentile)
Last 10 Years  . . . . . . . . . . . .   -5%            Rank: 363 of 381 (4th Percentile)
Last 20 Years                            54%            Rank: 309 of 355 (12th Percentile)
Decline From All Time High        17.87%

Home Price appreciation rates for Grand Rapids-Wyoming, MI are shown above
for five time periods. For example: Grand Rapids appreciated 0.06% in the Last
Quarter. At that rate, the Grand Rapids Real Estate Market was ranked 225th
out of 381 metropolitan areas for Real Estate Appreciation. Grand Rapids was
in the 41st percentile. So Grand Rapids, MI performed better in the Last
Quarter than 41% of the 381 metropolitan areas covered in
Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Grand Rapids, Michigan

The data and analysis on this page pertains to Grand Rapids-Wyoming, MI,
hereinafter referred to as "Grand Rapids". The all time high in the Grand
Rapids Home Price Index was 168.9 in the 4th Quarter, of 2005. The 4th
Quarter, 2011 index value was 138.7. That's a decline of 30.17 points or
17.87% below the Grand Rapids Home Price Index all time high.  The Home
Price Index indicates that the Grand Rapids Market is down 5% over the last 10
years. Home Prices in the Grand Rapids Real Estate Market have lost 2.26%
over the last 12 months. Over the last thirty years, it is up 149%.

The 4th Quarter index value was 0.08 points higher than the 3rd Quarter, 2011
index value of 138.62, resulting in a 0.06% rise in the 4th Quarter for the Grand
Rapids Market.

The Grand Rapids Home Price Index has increased for the last 2 consecutive
quarters. The current record holders for consecutive increases in the Home
Price Index are Wheeling, WV; Washington, DC; St. Cloud, MN and Grand
Forks, ND, with increases in the last 3 consecutive quarters. The current record
holder for consecutive declines in the Home Price Index is Las Vegas, NV, with
declines in the last 20 consecutive quarters.

The highest annual home appreciation rate in the Grand Rapids Real Estate
Market was 16% in the twelve months ended with the 1st Quarter of 1982. The
worst annual home appreciation rate in the Grand Rapids Market was -10% in
the twelve months ended with the 3rd Quarter of 1982.

The highest home appreciation in the Grand Rapids Real Estate Market over a
three year period was 27% in the three years ended with the 2nd Quarter of
1989. The worst home appreciation over a three year period in the Grand
Rapids Market was -16% in the three years ended with the 1st Quarter of 2011.

This page provides a long term graph of the Grand Rapids Home Price Index
(above). The house price chart has been updated through the 4th Quarter of
2011. For more information about Grand Rapids Home Prices, look at the links
under that chart. One link opens a long term chart of historical appreciation
rates for the Grand Rapids Real Estate Market. Another opens a forecast for
appreciation rates in the state of Michigan. 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 Grand Rapids
Home Prices will be at your fingertips when you need them.

Historical data on the Grand Rapids Home Price Index is available back to the
2nd Quarter, of 1979. All calculations are based on the quarterly value of the
House Price Index for the Grand Rapids 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 Grand Rapids 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
4th Quarter, 2011 Housing Data: Grand Rapids, Michigan

The appreciation of Grand Rapids 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 Grand Rapids-Wyoming, MI, hereinafter referred to as "Grand
Rapids".

Last Quarter:
During the 4th Quarter of 2011, Grand Rapids Home Prices had a rank of 225,
with appreciation of 0.06%. The top performing real estate market during the
4th Quarter was Vineland, NJ, with appreciation of 6.09%. The worst market
during that period was Valdosta, GA, with appreciation of -5.24%.
The median appreciation for all cities during the 4th Quarter was 0.24%. The
average appreciation for all markets during the quarter was 0.29%.

Last Year:
During the last 12 months, Grand Rapids Home Prices had a rank of 175, with
appreciation during the year of -2.26%. The top performing market during the
last year was Midland, TX, with appreciation of 4.7%. The worst real estate
market during that period was Carson City, NV, with appreciation of -18.1%.
The median appreciation for all markets during this period was -2.61%. The
average appreciation was -2.93%.

Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2011, Grand Rapids Home
Prices ranked 274, with a total appreciation of -17.1%. The top performing real
estate market during the 5 year period was Midland, TX, with appreciation of
23%. The worst market during that period was Merced, CA, with appreciation of
-62%.
The median appreciation for all cities during this time period was -7%. The
average appreciation over the 5 years was -11%.

Last 10 Years:
During the 10 years ended in the 4th Quarter of 2011, Grand Rapids Home
Prices had a rank of 363, with appreciation during the decade of -5%. 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 24%. The
average appreciation for the cities over that time frame was 25%.

Last 20 Years:
During the 20 years ended in the 4th Quarter of 2011, Grand Rapids Home
Prices had a rank of 309, with total appreciation over the 20 year period of
54%. The top performing real estate market during the period was Casper, WY,
with appreciation of 222%. The worst market during the last 20 years was Las
Vegas, NV, with appreciation of 5%.
The median appreciation for all cities during the last 20 years was 85%. The
average appreciation for the markets over that time frame was 87%.

Historical research data on the Home Price Index for the Grand Rapids Real
Estate Market is available back to the 2nd Quarter, of 1979. All calculations are
based on the quarterly value of the House Price Index for Grand Rapids. 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.)




























































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