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Providence, RI - House Price Index (HPI) - 32 Year Chart
Providence Real Estate Market
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The House Price Index (HPI) shows changes in Providence-New Bedford-Fall River, RI-MA 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.
Providence Real Estate Index: 32 Year Chart
Home Values Appreciation Rate - US Cities
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Providence Real Estate Market: Trend, Analysis & Statistics
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Commentary  10338
4th Quarter, 2011 Housing Statistics: Providence, Rhode Island


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      76%

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 Providence housing market for the 12
months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Providence is 76%. In other words, when tested against
historical data, the forecasting methodology was correct 76% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Providence is 76% 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
Providence Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      75%

The forecast for the trend in the Providence housing market for the 3 years
ending with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend
Forecast for Providence is 75%. In other words, when tested against historical
data, the forecasting methodology was correct 75% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Providence is 75% 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 Providence
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Providence, Rhode Island


Historical Home Price Appreciation
Last Quarter                         0.39%
Last Year                              -3.8%
Last 5 Years                         -21%
Last 10 Years                       34%
Last 20 Years                       90%
Decline From All Time High   21.87%


Annual Home Price Appreciation Rates
1982      7.77%
1983      12.36%
1984      9.63%
1985      20.97%
1986      25.60%
1987      22.60%
1988      6.37%
1989      3.43%
1990      -5.41%
1991      -2.02%
1992      -1.21%
1993      0.12%
1994      -4.77%
1995      4.58%
1996      -0.65%
1997      3.42%
1998      4.04%
1999      6.53%
2000      12.26%
2001      12.36%
2002      16.17%
2003      15.77%
2004      15.85%
2005      9.48%
2006      0.20%
2007      -4.19%
2008      -8.98%
2009      -5.42%
2010      -0.88%
2011      -3.81%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.39%         Rank: 167 of 381 (56th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -3.8%          Rank: 254 of 381 (33rd Percentile)
Last 5 Years                              -21%           Rank: 300 of 381 (21st Percentile)
Last 10 Years  . . . . . . . . . . . .   34%            Rank: 110 of 381 (71st Percentile)
Last 20 Years                            90%            Rank: 145 of 355 (59th Percentile)
Decline From All Time High        21.87%

Home Price appreciation rates for Providence-New Bedford-Fall River, RI-MA
are shown above for five time periods. For example: Providence appreciated
0.39% in the Last Quarter. At that rate, the Providence Real Estate Market was
ranked 167th out of 381 metropolitan areas for Real Estate Appreciation.
Providence was in the 56th percentile. So Providence, RI performed better in
the Last Quarter than 56% of the 381 metropolitan areas covered in
Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Providence, Rhode Island

The data and analysis on this page pertains to Providence-New Bedford-Fall
River, RI-MA, hereinafter referred to as "Providence". The all time high in the
Providence Home Price Index was 257.5 in the 1st Quarter, of 2006. The 4th
Quarter, 2011 index value was 201.2. That's a decline of 56.30 points or
21.87% below the Providence Home Price Index all time high.  The Home Price
Index indicates that the Providence Market is up 34% over the last 10 years.
Home Prices in the Providence Real Estate Market have lost 3.81% over the
last 12 months. Over the last thirty years, it is up 380%.

The 4th Quarter index value was 0.78 points higher than the 3rd Quarter, 2011
index value of 200.38, resulting in a 0.39% rise in the 4th Quarter for the
Providence Market.

The Providence 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 Providence Real Estate
Market was 29% in the twelve months ended with the 1st Quarter of 1987. The
worst annual home appreciation rate in the Providence Market was -9% in the
twelve months ended with the 4th Quarter of 2008.

The highest home appreciation in the Providence Real Estate Market over a
three year period was 86% in the three years ended with the 4th Quarter of
1987. The worst home appreciation over a three year period in the Providence
Market was -18% in the three years ended with the 1st Quarter of 2010.

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

Historical data on the Providence Home Price Index is available back to the 4th
Quarter, of 1976. All calculations are based on the quarterly value of the House
Price Index for the Providence 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 Providence 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: Providence, Rhode Island

The appreciation of Providence 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 Providence-New Bedford-Fall River, RI-MA, hereinafter referred to as
"Providence".

Last Quarter:
During the 4th Quarter of 2011, Providence Home Prices had a rank of 167,
with appreciation of 0.39%. 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, Providence Home Prices had a rank of 254, with
appreciation during the year of -3.81%. 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, Providence Home Prices
ranked 300, with a total appreciation of -21.4%. 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, Providence Home Prices
had a rank of 110, with appreciation during the decade of 34%. 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, Providence Home Prices
had a rank of 145, 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 Providence Real
Estate Market is available back to the 4th Quarter, of 1976. All calculations are
based on the quarterly value of the House Price Index for Providence. 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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