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Omaha, NE - House Price Index (HPI) - 30 Year Chart
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The House Price Index (HPI) shows changes in Omaha-Council Bluffs, NE-IA single family home
prices in logarithmic scale. The March, 1995 index value equals 100. Updated Tuesday, May 1, 2012.
Real estate forecasts, analysis, statistics and appreciation rates are provided below.
Omaha Real Estate Market: Trend, Analysis & Statistics
1/75 1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010 1/15
Commentary 10314
4th Quarter, 2011 Housing Statistics: Omaha, Nebraska
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: DOWN
Forecast Accuracy: 84%
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 Omaha housing market for the 12
months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Omaha is 84%. In other words, when tested against
historical data, the forecasting methodology was correct 84% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Omaha is 84% 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
Omaha Real Estate Market Forecast.
3 Year Forecast: DOWN
Forecast Accuracy: 90%
The forecast for the trend in the Omaha housing market for the 3 years ending
with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend Forecast for
Omaha 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
Omaha 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 Omaha Real
Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Omaha, Nebraska
Historical Home Price Appreciation
Last Quarter 0.47%
Last Year -0.1%
Last 5 Years -2%
Last 10 Years 16%
Last 20 Years 90%
Decline From All Time High 2.42%
Annual Home Price Appreciation Rates
1982 10.80%
1983 1.76%
1984 3.54%
1985 1.64%
1986 2.16%
1987 0.63%
1988 0.60%
1989 3.71%
1990 2.42%
1991 3.14%
1992 4.87%
1993 4.48%
1994 6.44%
1995 5.01%
1996 6.43%
1997 6.04%
1998 4.65%
1999 3.44%
2000 4.76%
2001 4.40%
2002 3.41%
2003 3.89%
2004 5.27%
2005 3.02%
2006 1.46%
2007 -0.07%
2008 -0.63%
2009 -0.89%
2010 0.14%
2011 -0.12%
Real Estate Appreciation, Rank & Percentile
Last Quarter 0.47% Rank: 158 of 381 (58th Percentile)
Last Year . . . . . . . . . . . . . . . . -0.1% Rank: 56 of 381 (85th Percentile)
Last 5 Years -2% Rank: 130 of 381 (66th Percentile)
Last 10 Years . . . . . . . . . . . . 16% Rank: 274 of 381 (28th Percentile)
Last 20 Years 90% Rank: 144 of 355 (59th Percentile)
Decline From All Time High 2.42%
Home Price appreciation rates for Omaha-Council Bluffs, NE-IA are shown
above for five time periods. For example: Omaha appreciated 0.47% in the Last
Quarter. At that rate, the Omaha Real Estate Market was ranked 158th out of
381 metropolitan areas for Real Estate Appreciation. Omaha was in the 58th
percentile. So Omaha, NE performed better in the Last Quarter than 58% of the
381 metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Omaha, Nebraska
The data and analysis on this page pertains to Omaha-Council Bluffs, NE-IA,
hereinafter referred to as "Omaha". The all time high in the Omaha Home Price
Index was 167.1 in the 1st Quarter, of 2008. The 4th Quarter, 2011 index value
was 163.1. That's a decline of 4.05 points or 2.42% below the Omaha Home
Price Index all time high. The Home Price Index indicates that the Omaha
Market is up 16% over the last 10 years. Home Prices in the Omaha Real
Estate Market have lost 0.12% over the last 12 months. Over the last thirty
years, it is up 156%.
The 4th Quarter index value was 0.77 points higher than the 3rd Quarter, 2011
index value of 162.28, resulting in a 0.47% rise in the 4th Quarter for the
Omaha Market.
The Omaha Home Price Index has increased for the last 2 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 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 Omaha Real Estate Market
was 15% in the twelve months ended with the 2nd Quarter of 1982. The worst
annual home appreciation rate in the Omaha Market was -7% in the twelve
months ended with the 2nd Quarter of 1981.
The highest home appreciation in the Omaha Real Estate Market over a three
year period was 24% in the three years ended with the 2nd Quarter of 1984.
The worst home appreciation over a three year period in the Omaha Market
was -3% in the three years ended with the 1st Quarter of 2011.
This page provides a long term graph of the Omaha Home Price Index (above).
The house price chart has been updated through the 4th Quarter of 2011. For
more information about Omaha Home Prices, look at the links under that chart.
One link opens a long term chart of historical appreciation rates for the Omaha
Real Estate Market. Another opens a forecast for appreciation rates in the state
of Nebraska. 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 Omaha Home Prices will be at your fingertips when you need
them.
Historical data on the Omaha 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 Omaha 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 Omaha 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: Omaha, Nebraska
The appreciation of Omaha 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 Omaha-Council Bluffs, NE-IA, hereinafter referred to as "Omaha".
Last Quarter:
During the 4th Quarter of 2011, Omaha Home Prices had a rank of 158, with
appreciation of 0.47%. 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, Omaha Home Prices had a rank of 56, with
appreciation during the year of -0.12%. 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, Omaha Home Prices
ranked 130, with a total appreciation of -1.6%. 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, Omaha Home Prices had
a rank of 274, with appreciation during the decade of 16%. 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, Omaha Home Prices had
a rank of 144, with total appreciation over the 20 year period of 90%. 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 Omaha 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 Omaha. 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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