__________________________________________
Lubbock, TX - House Price Index (HPI) - 27 Year Chart
Lubbock Real Estate Market
100
1000
The House Price Index (HPI) shows changes in Lubbock, TX 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.
Lubbock Real Estate Index: 27 Year Chart
Home Values Appreciation Rate - US Cities
10
Lubbock Real Estate Market: Trend, Analysis & Statistics
Home        About Us
1/75      1/1980        1/1985        1/1990        1/1995         1/2000        1/2005        1/2010         1/15
Commentary  10269
4th Quarter, 2011 Housing Statistics: Lubbock, Texas


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      72%

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 Lubbock housing market for the 12
months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Lubbock 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 Lubbock is 72% 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
Lubbock Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      80%

The forecast for the trend in the Lubbock housing market for the 3 years
ending with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend
Forecast for Lubbock is 80%. In other words, when tested against historical
data, the forecasting methodology was correct 80% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Lubbock is 80% 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 Lubbock
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Lubbock, Texas


Historical Home Price Appreciation
Last Quarter                         1.36%
Last Year                              0.0%
Last 5 Years                         7%
Last 10 Years                       30%
Last 20 Years                       84%
Decline From All Time High   0.02%


Annual Home Price Appreciation Rates
1982      -6.58%
1983      5.61%
1984      -9.93%
1985      9.07%
1986      1.93%
1987      -1.12%
1988      2.98%
1989      -5.72%
1990      2.73%
1991      1.74%
1992      6.18%
1993      5.53%
1994      1.17%
1995      3.51%
1996      2.60%
1997      1.07%
1998      4.39%
1999      2.72%
2000      2.37%
2001      5.73%
2002      5.34%
2003      4.67%
2004      3.52%
2005      2.98%
2006      4.09%
2007      1.02%
2008      1.71%
2009      1.06%
2010      2.66%
2011      -0.02%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.36%         Rank: 64 of 381 (83rd Percentile)
Last Year  . . . . . . . . . . . . . . . .  0.0%          Rank: 52 of 381 (86th Percentile)
Last 5 Years                              7%              Rank: 29 of 381 (92nd Percentile)
Last 10 Years  . . . . . . . . . . . .   30%            Rank: 145 of 381 (62nd Percentile)
Last 20 Years                            84%            Rank: 182 of 355 (48th Percentile)
Decline From All Time High        0.02%

Home Price appreciation rates for Lubbock, TX are shown above for five time
periods. For example: Lubbock appreciated 1.36% in the Last Quarter. At that
rate, the Lubbock Real Estate Market was ranked 64th out of 381 metropolitan
areas for Real Estate Appreciation. Lubbock was in the 83rd percentile. So
Lubbock, TX performed better in the Last Quarter than 83% of the 381
metropolitan areas covered in Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Lubbock, Texas

The all time high in the Lubbock Home Price Index was 158.5 in the 4th Quarter,
of 2010. The 4th Quarter, 2011 index value was 158.5. That's a decline of 0.03
points or 0.02% below the Lubbock Home Price Index all time high.  The Home
Price Index indicates that the Lubbock Market is up 30% over the last 10 years.
Home Prices in the Lubbock Real Estate Market have lost 0.02% over the last
12 months. Over the last thirty years, it is up 83%.

The 4th Quarter index value was 2.13 points higher than the 3rd Quarter, 2011
index value of 156.35, resulting in a 1.36% rise in the 4th Quarter for the
Lubbock Market.

The Lubbock Home Price Index increased in the last quarter after falling in the
previous quarter. 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 Lubbock Real Estate Market
was 16% in the twelve months ended with the 4th Quarter of 1981. The worst
annual home appreciation rate in the Lubbock Market was -10% in the twelve
months ended with the 4th Quarter of 1984.

The highest home appreciation in the Lubbock Real Estate Market over a three
year period was 17% in the three years ended with the 4th Quarter of 2003.
The worst home appreciation over a three year period in the Lubbock Market
was -11% in the three years ended with the 4th Quarter of 1984.

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

Historical data on the Lubbock Home Price Index is available back to the 3rd
Quarter, of 1981. All calculations are based on the quarterly value of the House
Price Index for the Lubbock 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 Lubbock 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: Lubbock, Texas

The appreciation of Lubbock 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 4th Quarter of 2011, Lubbock Home Prices had a rank of 64, with
appreciation of 1.36%. 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, Lubbock Home Prices had a rank of 52, with
appreciation during the year of -0.02%. 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, Lubbock Home Prices
ranked 29, with a total appreciation of 6.6%. 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, Lubbock Home Prices
had a rank of 145, with appreciation during the decade of 30%. 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, Lubbock Home Prices
had a rank of 182, with total appreciation over the 20 year period of 84%. 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 Lubbock Real Estate
Market is available back to the 3rd Quarter, of 1981. All calculations are based
on the quarterly value of the House Price Index for Lubbock. 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.)




























































_____________________________________________________________
Report a Problem with this Page    Contact Us     Privacy Policy    Terms of Use/Disclosure      
                                      SignalTrend Inc.  2008 - 2012, All Rights Reserved