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Kansas City, MO - House Price Index (HPI) - 32 Year Chart
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Kansas City Real Estate Market
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The House Price Index (HPI) shows changes in Kansas City, MO-KS single family home prices in
logarithmic scale. The March, 1995 index value equals 100. Updated Friday, September 30, 2011.
Real estate forecasts, analysis, statistics and appreciation rates are provided below.
Kansas City Real Estate Market: Trend, Analysis & Statistics
1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010
Commentary 9474
3rd Quarter, 2011 Housing Statistics: Kansas City, Missouri
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 Kansas City housing market for the 12
months ending with the 3rd Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Kansas City 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 Kansas City 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
Kansas City Real Estate Market Forecast.
3 Year Forecast: DOWN
Forecast Accuracy: 87%
The forecast for the trend in the Kansas City housing market for the 3 years
ending with the 3rd Quarter of 2014 is DOWN. The Accuracy of the Trend
Forecast for Kansas City is 87%. In other words, when tested against historical
data, the forecasting methodology was correct 87% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Kansas City is 87% 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
Kansas City Real Estate Market Forecast.
Part 2: MARKET SUMMARY
3rd Quarter, 2011 Housing Data: Kansas City, Missouri
Historical Home Price Appreciation
Last Quarter 0.91%
Last Year -4.0%
Last 5 Years -7%
Last 10 Years 13%
Last 20 Years 83%
Decline From All Time High 8.94%
Annual Home Price Appreciation Rates
1981 -0.81%
1982 0.19%
1983 3.88%
1984 1.34%
1985 4.42%
1986 4.68%
1987 3.88%
1988 1.60%
1989 1.19%
1990 -1.28%
1991 3.17%
1992 1.84%
1993 2.52%
1994 4.82%
1995 4.86%
1996 4.82%
1997 5.33%
1998 5.07%
1999 6.76%
2000 6.46%
2001 6.29%
2002 4.94%
2003 4.49%
2004 4.62%
2005 4.26%
2006 2.44%
2007 -0.27%
2008 -3.03%
2009 -1.84%
2010 -0.42%
Real Estate Appreciation, Rank & Percentile
Last Quarter 0.91% Rank: 173 of 381 (54th Percentile)
Last Year . . . . . . . . . . . . . . . . -4.0% Rank: 214 of 381 (43rd Percentile)
Last 5 Years -7% Rank: 208 of 381 (45th Percentile)
Last 10 Years . . . . . . . . . . . . 13% Rank: 296 of 381 (22nd Percentile)
Last 20 Years 83% Rank: 196 of 351 (44th Percentile)
Decline From All Time High 8.94%
Home Price appreciation rates for Kansas City, MO-KS are shown above for five
time periods. For example: Kansas City appreciated 0.91% in the Last Quarter.
At that rate, the Kansas City Real Estate Market was ranked 173rd out of 381
metropolitan areas for Real Estate Appreciation. Kansas City was in the 54th
percentile. So Kansas City, MO performed better in the Last Quarter than 54%
of the 381 metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2011 Housing Statistics: Kansas City, Missouri
The all time high in the Kansas City Home Price Index was 179.6 in the 2nd
Quarter, of 2007. The 3rd Quarter, 2011 index value was 163.5. That's a
decline of 16.06 points or 8.94% below the Kansas City Home Price Index all
time high. The Home Price Index indicates that the Kansas City Market is up
13% over the last 10 years. Home Prices in the Kansas City Real Estate Market
have lost 3.99% over the last 12 months. Over the last thirty years, it is up
124%.
The 3rd Quarter index value was 1.47 points higher than the 2nd Quarter, 2011
index value of 162.02, resulting in a 0.91% rise in the 3rd Quarter for the
Kansas City Market.
The Kansas City 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 Kansas City Real Estate
Market was 20% in the twelve months ended with the 1st Quarter of 1978. The
worst annual home appreciation rate in the Kansas City Market was -7% in the
twelve months ended with the 1st Quarter of 1983.
The highest home appreciation in the Kansas City Real Estate Market over a
three year period was 49% in the three years ended with the 4th Quarter of
1979. The worst home appreciation over a three year period in the Kansas City
Market was -8% in the three years ended with the 2nd Quarter of 2011.
This page provides a long term graph of the Kansas City Home Price Index
(above). The house price chart has been updated through the 3rd Quarter of
2011. For more information about Kansas City Home Prices, look at the links
under that chart. One link opens a long term chart of historical appreciation
rates for the Kansas City Real Estate Market. Another opens a forecast for
appreciation rates in the state of Missouri. 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 Kansas City Home
Prices will be at your fingertips when you need them.
Historical data on the Kansas City 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 Kansas City 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 Kansas City 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: Kansas City, Missouri
The appreciation of Kansas City 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, Kansas City Home Prices had a rank of 173,
with appreciation of 0.91%. 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, Kansas City Home Prices had a rank of 214, with
appreciation during the year of -3.99%. 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, Kansas City Home Prices
ranked 208, with a total appreciation of -7.2%. 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, Kansas City Home
Prices had a rank of 296, with appreciation during the decade of 13%. 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, Kansas City Home
Prices had a rank of 196, with total appreciation over the 20 year period of
83%. 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 Kansas City 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 Kansas City. 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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