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Kennewick, WA - House Price Index (HPI) - 29 Year Chart
Kennewick Real Estate Market
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The House Price Index (HPI) shows changes in Kennewick-Pasco-Richland, WA single family home
prices in logarithmic scale. The March, 1995 index value equals 100.  Updated Thursday, March 29,
2012. Real estate forecasts, analysis, statistics and appreciation rates are provided below.
Kennewick Real Estate Index: 29 Year Chart
Home Values Appreciation Rate - US Cities
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Kennewick Real Estate Market: Trend, Analysis & Statistics
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Commentary  10237
4th Quarter, 2011 Housing Statistics: Kennewick, Washington


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      74%

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 Kennewick housing market for the 12
months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Kennewick is 74%. In other words, when tested against
historical data, the forecasting methodology was correct 74% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Kennewick is 74% 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
Kennewick Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      72%

The forecast for the trend in the Kennewick housing market for the 3 years
ending with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend
Forecast for Kennewick is 72%. In other words, when tested against historical
data, the forecasting methodology was correct 72% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Kennewick is 72% 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 Kennewick
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Kennewick, Washington


Historical Home Price Appreciation
Last Quarter                         -1.14%
Last Year                              -0.3%
Last 5 Years                         5%
Last 10 Years                       32%
Last 20 Years                       87%
Decline From All Time High   1.85%


Annual Home Price Appreciation Rates
1982      -5.20%
1983      -13.25%
1984      6.43%
1985      -2.27%
1986      6.55%
1987      -1.92%
1988      -6.49%
1989      24.57%
1990      13.54%
1991      8.59%
1992      13.65%
1993      8.64%
1994      -0.10%
1995      -3.59%
1996      0.60%
1997      2.42%
1998      2.49%
1999      1.29%
2000      3.96%
2001      6.94%
2002      7.36%
2003      2.34%
2004      3.96%
2005      4.84%
2006      4.82%
2007      1.20%
2008      1.85%
2009      1.01%
2010      1.60%
2011      -0.30%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -1.14%        Rank: 336 of 381 (11th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -0.3%          Rank: 61 of 381 (84th Percentile)
Last 5 Years                              5%              Rank: 41 of 381 (89th Percentile)
Last 10 Years  . . . . . . . . . . . .   32%            Rank: 130 of 381 (66th Percentile)
Last 20 Years                            87%            Rank: 164 of 355 (53rd Percentile)
Decline From All Time High        1.85%

Home Price appreciation rates for Kennewick-Pasco-Richland, WA are shown
above for five time periods. For example: Kennewick appreciated -1.14% in the
Last Quarter. At that rate, the Kennewick Real Estate Market was ranked 336th
out of 381 metropolitan areas for Real Estate Appreciation. Kennewick was in
the 11th percentile. So Kennewick, WA performed better in the Last Quarter
than 11% of the 381 metropolitan areas covered in Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Kennewick, Washington

The data and analysis on this page pertains to Kennewick-Pasco-Richland, WA,
hereinafter referred to as "Kennewick". The all time high in the Kennewick Home
Price Index was 157.9 in the 3rd Quarter, of 2010. The 4th Quarter, 2011 index
value was 154.9. That's a decline of 2.92 points or 1.85% below the Kennewick
Home Price Index all time high.  The Home Price Index indicates that the
Kennewick Market is up 32% over the last 10 years. Home Prices in the
Kennewick Real Estate Market have lost 0.30% over the last 12 months. Over
the last thirty years, it is up 140%.

The 4th Quarter index value was 1.78 points lower than the 3rd Quarter, 2011
index value of 156.72, resulting in a 1.14% decline for the 4th Quarter in the
Kennewick Market.

The Kennewick Home Price Index declined in the last quarter after increasing in
the previous 2 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 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 highest annual home appreciation rate in the Kennewick Real Estate
Market was 25% in the twelve months ended with the 1st Quarter of 1982. The
worst annual home appreciation rate in the Kennewick Market was -24% in the
twelve months ended with the 1st Quarter of 1983.

The highest home appreciation in the Kennewick Real Estate Market over a
three year period was 54% in the three years ended with the 4th Quarter of
1991. The worst home appreciation over a three year period in the Kennewick
Market was -22% in the three years ended with the 1st Quarter of 1985.

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

Historical data on the Kennewick Home Price Index is available back to the 1st
Quarter, of 1979. All calculations are based on the quarterly value of the House
Price Index for the Kennewick 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 Kennewick 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: Kennewick, Washington

The appreciation of Kennewick 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 Kennewick-Pasco-Richland, WA, hereinafter referred to as "Kennewick".

Last Quarter:
During the 4th Quarter of 2011, Kennewick Home Prices had a rank of 336, with
appreciation of -1.14%. 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, Kennewick Home Prices had a rank of 61, with
appreciation during the year of -0.30%. 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, Kennewick Home Prices
ranked 41, with a total appreciation of 5.5%. 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, Kennewick Home Prices
had a rank of 130, with appreciation during the decade of 32%. 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, Kennewick Home Prices
had a rank of 164, with total appreciation over the 20 year period of 87%. 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 Kennewick Real Estate
Market is available back to the 1st Quarter, of 1979. All calculations are based
on the quarterly value of the House Price Index for Kennewick. 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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