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Lansing, MI - House Price Index (HPI) - 30 Year Chart
Lansing Real Estate Market
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The House Price Index (HPI) shows changes in Lansing-East Lansing, MI single family home prices
in logarithmic scale. The March, 1995 index value equals 100.  Updated Tuesday, April 24, 2012. Real
estate forecasts, analysis, statistics and appreciation rates are provided below.
Lansing Real Estate Index: 30 Year Chart
Home Values Appreciation Rate - US Cities
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Lansing Real Estate Market: Trend, Analysis & Statistics
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Commentary  9489
3rd Quarter, 2011 Housing Statistics: Lansing, Michigan


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      89%

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 Lansing housing market for the 12
months ending with the 3rd Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Lansing is 89%. In other words, when tested against
historical data, the forecasting methodology was correct 89% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Lansing is 89% 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
Lansing Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      82%

The forecast for the trend in the Lansing housing market for the 3 years ending
with the 3rd Quarter of 2014 is DOWN. The Accuracy of the Trend Forecast for
Lansing is 82%. In other words, when tested against historical data, the
forecasting methodology was correct 82% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Lansing is 82% 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 Lansing Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2011 Housing Data: Lansing, Michigan


Historical Home Price Appreciation
Last Quarter                         0.69%
Last Year                              -4.8%
Last 5 Years                         -24%
Last 10 Years                       -9%
Last 20 Years                       47%
Decline From All Time High   25.47%


Annual Home Price Appreciation Rates
1981      12.25%
1982      -21.22%
1983      11.75%
1984      6.70%
1985      3.14%
1986      5.25%
1987      8.02%
1988      3.71%
1989      6.02%
1990      2.89%
1991      4.94%
1992      2.55%
1993      1.74%
1994      4.71%
1995      5.72%
1996      6.19%
1997      5.74%
1998      4.23%
1999      5.35%
2000      7.31%
2001      5.85%
2002      5.15%
2003      5.40%
2004      5.05%
2005      3.45%
2006      -1.82%
2007      -4.11%
2008      -7.67%
2009      -8.30%
2010      -2.24%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.69%         Rank: 193 of 381 (49th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -4.8%          Rank: 243 of 381 (36th Percentile)
Last 5 Years                              -24%           Rank: 311 of 381 (18th Percentile)
Last 10 Years  . . . . . . . . . . . .   -9%            Rank: 369 of 381 (3rd Percentile)
Last 20 Years                            47%            Rank: 326 of 351 (7th Percentile)
Decline From All Time High        25.47%

Home Price appreciation rates for Lansing-East Lansing, MI are shown above
for five time periods. For example: Lansing appreciated 0.69% in the Last
Quarter. At that rate, the Lansing Real Estate Market was ranked 193rd out of
381 metropolitan areas for Real Estate Appreciation. Lansing was in the 49th
percentile. So Lansing, MI performed better in the Last Quarter than 49% of the
381 metropolitan areas covered in Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2011 Housing Statistics: Lansing, Michigan

The data and analysis on this page pertains to Lansing-East Lansing, MI,
hereinafter referred to as "Lansing". The all time high in the Lansing Home
Price Index was 177.0 in the 4th Quarter, of 2005. The 3rd Quarter, 2011 index
value was 131.9. That's a decline of 45.07 points or 25.47% below the Lansing
Home Price Index all time high.  The Home Price Index indicates that the
Lansing Market is down 9% over the last 10 years. Home Prices in the Lansing
Real Estate Market have lost 4.83% over the last 12 months. Over the last thirty
years, it is up 83%.

The 3rd Quarter index value was 0.91 points higher than the 2nd Quarter, 2011
index value of 130.97, resulting in a 0.69% rise in the 3rd Quarter for the
Lansing Market.

The Lansing 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 Lansing Real Estate Market
was 20% in the twelve months ended with the 4th Quarter of 1979. The worst
annual home appreciation rate in the Lansing Market was -21% in the twelve
months ended with the 4th Quarter of 1982.

The highest home appreciation in the Lansing Real Estate Market over a three
year period was 43% in the three years ended with the 3rd Quarter of 1981.
The worst home appreciation over a three year period in the Lansing Market
was -21% in the three years ended with the 2nd Quarter of 2010.

This page provides a long term graph of the Lansing Home Price Index (above).
The house price chart has been updated through the 3rd Quarter of 2011. For
more information about Lansing Home Prices, look at the links under that chart.
One link opens a long term chart of historical appreciation rates for the Lansing
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 Lansing Home Prices will be at your fingertips when you need
them.

Historical data on the Lansing Home Price Index is available back to the 2nd
Quarter, of 1978. All calculations are based on the quarterly value of the House
Price Index for the Lansing 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 Lansing 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: Lansing, Michigan

The appreciation of Lansing 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 Lansing-East Lansing, MI, hereinafter referred to as "Lansing".

Last Quarter:
During the 3rd Quarter of 2011, Lansing Home Prices had a rank of 193, with
appreciation of 0.69%. 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, Lansing Home Prices had a rank of 243, with
appreciation during the year of -4.83%. 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, Lansing Home Prices
ranked 311, with a total appreciation of -23.6%. 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, Lansing Home Prices
had a rank of 369, with appreciation during the decade of -9%. 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, Lansing Home Prices
had a rank of 326, with total appreciation over the 20 year period of 47%. 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 Lansing Real Estate
Market is available back to the 2nd Quarter, of 1978. All calculations are based
on the quarterly value of the House Price Index for Lansing. 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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