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Michigan City, IN - House Price Index (HPI) - 22 Year Chart
Michigan City Real Estate Market
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The House Price Index (HPI) shows changes in Michigan City-La Porte, IN single family home prices
in logarithmic scale. The March, 1995 index value equals 100.  Updated Wednesday, April 25, 2012.
Real estate forecasts, analysis, statistics and appreciation rates are provided below.
Michigan City Real Estate Index: 22 Year Chart
Home Values Appreciation Rate - US Cities
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Michigan City Real Estate Market: Trend, Analysis & Statistics
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Commentary  10281
4th Quarter, 2011 Housing Statistics: Michigan City, Indiana


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 Michigan City housing market for the
12 months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Michigan City 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 Michigan City is 89% 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 Michigan City Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      90%

The forecast for the trend in the Michigan City housing market for the 3 years
ending with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend
Forecast for Michigan City 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
Michigan City 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
Michigan City Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Michigan City, Indiana


Historical Home Price Appreciation
Last Quarter                         -1.65%
Last Year                              -4.5%
Last 5 Years                         -7%
Last 10 Years                       13%
Last 20 Years                       84%
Decline From All Time High   8.77%


Annual Home Price Appreciation Rates
1982        n/a
1983        n/a
1984        n/a
1985        n/a
1986        n/a
1987      10.54%
1988      2.50%
1989      10.95%
1990      7.24%
1991      5.63%
1992      7.08%
1993      4.55%
1994      5.82%
1995      7.72%
1996      2.86%
1997      6.30%
1998      5.08%
1999      0.45%
2000      4.43%
2001      5.94%
2002      2.18%
2003      5.51%
2004      6.05%
2005      3.91%
2006      2.49%
2007      -0.51%
2008      0.20%
2009      -0.02%
2010      -2.44%
2011      -4.50%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -1.65%        Rank: 355 of 381 (6th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -4.5%          Rank: 282 of 381 (26th Percentile)
Last 5 Years                              -7%             Rank: 196 of 381 (48th Percentile)
Last 10 Years  . . . . . . . . . . . .   13%            Rank: 292 of 381 (23rd Percentile)
Last 20 Years                            84%            Rank: 181 of 355 (49th Percentile)
Decline From All Time High        8.77%

Home Price appreciation rates for Michigan City-La Porte, IN are shown above
for five time periods. For example: Michigan City appreciated -1.65% in the Last
Quarter. At that rate, the Michigan City Real Estate Market was ranked 355th
out of 381 metropolitan areas for Real Estate Appreciation. Michigan City was in
the 6th percentile. So Michigan City, IN performed better in the Last Quarter
than 6% of the 381 metropolitan areas covered in Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Michigan City, Indiana

The data and analysis on this page pertains to Michigan City-La Porte, IN,
hereinafter referred to as "Michigan City". The all time high in the Michigan City
Home Price Index was 169.5 in the 1st Quarter, of 2008. The 4th Quarter, 2011
index value was 154.6. That's a decline of 14.86 points or 8.77% below the
Michigan City Home Price Index all time high.  The Home Price Index indicates
that the Michigan City Market is up 13% over the last 10 years. Home Prices in
the Michigan City Real Estate Market have lost 4.50% over the last 12 months.

The 4th Quarter index value was 2.60 points lower than the 3rd Quarter, 2011
index value of 157.20, resulting in a 1.65% decline for the 4th Quarter in the
Michigan City Market.

The Michigan City Home Price Index declined in the last quarter after increasing
in the previous quarter. 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 Michigan City Real Estate
Market was 19% in the twelve months ended with the 1st Quarter of 1990. The
worst annual home appreciation rate in the Michigan City Market was -5% in the
twelve months ended with the 2nd Quarter of 2011.

The highest home appreciation in the Michigan City Real Estate Market over a
three year period was 33% in the three years ended with the 1st Quarter of
1992. The worst home appreciation over a three year period in the Michigan
City Market was -9% in the three years ended with the 2nd Quarter of 2011.

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

Historical data on the Michigan City Home Price Index is available back to the
2nd Quarter, of 1986. All calculations are based on the quarterly value of the
House Price Index for the Michigan 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 Michigan 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
4th Quarter, 2011 Housing Data: Michigan City, Indiana

The appreciation of Michigan 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. The data and analysis on this
page pertains to Michigan City-La Porte, IN, hereinafter referred to as "Michigan
City".

Last Quarter:
During the 4th Quarter of 2011, Michigan City Home Prices had a rank of 355,
with appreciation of -1.65%. 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, Michigan City Home Prices had a rank of 282, with
appreciation during the year of -4.50%. 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, Michigan City Home
Prices ranked 196, with a total appreciation of -7.1%. 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, Michigan City Home
Prices had a rank of 292, 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 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, Michigan City Home
Prices had a rank of 181, 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 Michigan City Real
Estate Market is available back to the 2nd Quarter, of 1986. All calculations are
based on the quarterly value of the House Price Index for Michigan 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.)




























































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