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Raleigh, NC - House Price Index (HPI) - 30 Year Chart
Raleigh Real Estate Market
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1000
The House Price Index (HPI) shows changes in Raleigh-Cary, NC single family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Updated Thursday, October 20, 2011.
Real estate forecasts, analysis, statistics and appreciation rates are provided below.
Raleigh Real Estate Index: 30 Year Chart
Home Values Appreciation Rate - US Cities
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Raleigh Real Estate Market: Trend, Analysis & Statistics
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Commentary  8819
3rd Quarter, 2011 Housing Statistics: Raleigh, North Carolina


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      92%

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 Raleigh housing market for the 12
months ending with the 3rd Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Raleigh is 92%. In other words, when tested against
historical data, the forecasting methodology was correct 92% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Raleigh is 92% 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
Raleigh Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      92%

The forecast for the trend in the Raleigh housing market for the 3 years ending
with the 3rd Quarter of 2014 is DOWN. The Accuracy of the Trend Forecast for
Raleigh is 92%. In other words, when tested against historical data, the
forecasting methodology was correct 92% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Raleigh is 92% 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 Raleigh Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2011 Housing Data: Raleigh, North Carolina


Historical Home Price Appreciation
Last Quarter                         1.03%
Last Year                              -2.3%
Last 5 Years                         2%
Last 10 Years                       23%
Last 20 Years                       87%
Decline From All Time High   6.43%


Annual Home Price Appreciation Rates
1981      -2.57%
1982      12.21%
1983      3.85%
1984      12.32%
1985      9.48%
1986      6.26%
1987      1.00%
1988      2.86%
1989      1.12%
1990      1.62%
1991      2.79%
1992      2.03%
1993      3.82%
1994      10.01%
1995      4.20%
1996      2.99%
1997      5.22%
1998      3.72%
1999      3.80%
2000      3.23%
2001      4.16%
2002      2.35%
2003      1.82%
2004      3.61%
2005      5.44%
2006      6.52%
2007      5.62%
2008      0.96%
2009      -2.95%
2010      -1.38%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.03%         Rank: 161 of 381 (57th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -2.3%          Rank: 136 of 381 (64th Percentile)
Last 5 Years                              2%              Rank: 105 of 381 (72nd Percentile)
Last 10 Years  . . . . . . . . . . . .   23%            Rank: 226 of 381 (40th Percentile)
Last 20 Years                            87%            Rank: 174 of 351 (50th Percentile)
Decline From All Time High        6.43%

Home Price appreciation rates for Raleigh-Cary, NC are shown above for five
time periods. For example: Raleigh appreciated 1.03% in the Last Quarter. At
that rate, the Raleigh Real Estate Market was ranked 161st out of 381
metropolitan areas for Real Estate Appreciation. Raleigh was in the 57th
percentile. So Raleigh, NC performed better in the Last Quarter than 57% of
the 381 metropolitan areas covered in Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2011 Housing Statistics: Raleigh, North Carolina

The data and analysis on this page pertains to Raleigh-Cary, NC, hereinafter
referred to as "Raleigh". The all time high in the Raleigh Home Price Index was
169.1 in the 3rd Quarter, of 2008. The 3rd Quarter, 2011 index value was
158.2. That's a decline of 10.88 points or 6.43% below the Raleigh Home Price
Index all time high.  The Home Price Index indicates that the Raleigh Market is
up 23% over the last 10 years. Home Prices in the Raleigh Real Estate Market
have lost 2.27% over the last 12 months. Over the last thirty years, it is up
193%.

The 3rd Quarter index value was 1.61 points higher than the 2nd Quarter, 2011
index value of 156.60, resulting in a 1.03% rise in the 3rd Quarter for the
Raleigh Market.

The Raleigh 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 Raleigh Real Estate Market
was 14% in the twelve months ended with the 2nd Quarter of 1979. The worst
annual home appreciation rate in the Raleigh Market was -4% in the twelve
months ended with the 1st Quarter of 2010.

The highest home appreciation in the Raleigh Real Estate Market over a three
year period was 42% in the three years ended with the 1st Quarter of 1981.
The worst home appreciation over a three year period in the Raleigh Market
was -7% in the three years ended with the 2nd Quarter of 2011.

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

Historical data on the Raleigh Home Price Index is available back to the 4th
Quarter, of 1978. All calculations are based on the quarterly value of the House
Price Index for the Raleigh 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 Raleigh 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: Raleigh, North Carolina

The appreciation of Raleigh 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 Raleigh-Cary, NC, hereinafter referred to as "Raleigh".

Last Quarter:
During the 3rd Quarter of 2011, Raleigh Home Prices had a rank of 161, with
appreciation of 1.03%. 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, Raleigh Home Prices had a rank of 136, with
appreciation during the year of -2.27%. 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, Raleigh Home Prices
ranked 105, with a total appreciation of 1.7%. 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, Raleigh Home Prices
had a rank of 226, with appreciation during the decade of 23%. 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, Raleigh Home Prices
had a rank of 174, with total appreciation over the 20 year period of 87%. 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 Raleigh Real Estate
Market is available back to the 4th Quarter, of 1978. All calculations are based
on the quarterly value of the House Price Index for Raleigh. 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)  -6.9%  (2012-Q3)
30 Year Mortgage Interest Rate:  3.25%  (November, 2012)
15 Year Mortgage Rate:  2.95%  (November, 2012)
Adjustable Rate Mortgage Rate:  0.00%  (November, 2012)
Housing Starts (SSAR in 1000's):  732  (November, 2012)
Prime Interest Rate:  0.11%  (November, 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:  4.11%  (November, 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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