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Sacramento, CA - House Price Index (HPI) - 32 Year Chart
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Sacramento Real Estate Market
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The House Price Index (HPI) shows changes in Sacramento-Arden-Arcade-Roseville, CA single
family home prices in logarithmic scale. The March, 1995 index value equals 100. Updated Friday,
September 30, 2011. Real estate forecasts, analysis and appreciation rates are provided below.
Sacramento 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 8833
3rd Quarter, 2011 Housing Statistics: Sacramento, California
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: DOWN
Forecast Accuracy: 80%
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 Sacramento housing market for the 12
months ending with the 3rd Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Sacramento 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 Sacramento is 80% 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
Sacramento Real Estate Market Forecast.
3 Year Forecast: DOWN
Forecast Accuracy: 77%
The forecast for the trend in the Sacramento housing market for the 3 years
ending with the 3rd Quarter of 2014 is DOWN. The Accuracy of the Trend
Forecast for Sacramento is 77%. In other words, when tested against historical
data, the forecasting methodology was correct 77% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Sacramento is 77% 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
Sacramento Real Estate Market Forecast.
Part 2: MARKET SUMMARY
3rd Quarter, 2011 Housing Data: Sacramento, California
Historical Home Price Appreciation
Last Quarter 0.59%
Last Year -9.3%
Last 5 Years -44%
Last 10 Years 6%
Last 20 Years 36%
Decline From All Time High 45.99%
Annual Home Price Appreciation Rates
1981 16.37%
1982 -1.62%
1983 -4.66%
1984 2.17%
1985 4.98%
1986 6.24%
1987 6.64%
1988 9.75%
1989 19.35%
1990 18.30%
1991 0.71%
1992 -3.31%
1993 -3.30%
1994 -6.69%
1995 0.73%
1996 -2.14%
1997 3.97%
1998 5.23%
1999 5.63%
2000 14.29%
2001 15.22%
2002 14.02%
2003 14.64%
2004 24.60%
2005 17.91%
2006 -4.23%
2007 -13.17%
2008 -20.17%
2009 -7.85%
2010 -4.32%
Real Estate Appreciation, Rank & Percentile
Last Quarter 0.59% Rank: 212 of 381 (44th Percentile)
Last Year . . . . . . . . . . . . . . . . -9.3% Rank: 349 of 381 (8th Percentile)
Last 5 Years -44% Rank: 353 of 381 (7th Percentile)
Last 10 Years . . . . . . . . . . . . 6% Rank: 340 of 381 (10th Percentile)
Last 20 Years 36% Rank: 342 of 351 (2nd Percentile)
Decline From All Time High 45.99%
Home Price appreciation rates for Sacramento-Arden-Arcade-Roseville, CA are
shown above for five time periods. For example: Sacramento appreciated
0.59% in the Last Quarter. At that rate, the Sacramento Real Estate Market was
ranked 212th out of 381 metropolitan areas for Real Estate Appreciation.
Sacramento was in the 44th percentile. So Sacramento, CA performed better in
the Last Quarter than 44% of the 381 metropolitan areas covered in
Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2011 Housing Statistics: Sacramento, California
The data and analysis on this page pertains to
Sacramento-Arden-Arcade-Roseville, CA, hereinafter referred to as
"Sacramento". The all time high in the Sacramento Home Price Index was 290.4
in the 4th Quarter, of 2005. The 3rd Quarter, 2011 index value was 156.9.
That's a decline of 133.57 points or 45.99% below the Sacramento Home Price
Index all time high. The Home Price Index indicates that the Sacramento Market
is up 6% over the last 10 years. Home Prices in the Sacramento Real Estate
Market have lost 9.29% over the last 12 months. Over the last thirty years, it is
up 153%.
The 3rd Quarter index value was 0.92 points higher than the 2nd Quarter, 2011
index value of 155.95, resulting in a 0.59% rise in the 3rd Quarter for the
Sacramento Market.
The Sacramento 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 Sacramento Real Estate
Market was 27% in the twelve months ended with the 3rd Quarter of 2004. The
worst annual home appreciation rate in the Sacramento Market was -21% in the
twelve months ended with the 3rd Quarter of 2008.
The highest home appreciation in the Sacramento Real Estate Market over a
three year period was 71% in the three years ended with the 3rd Quarter of
1979. The worst home appreciation over a three year period in the Sacramento
Market was -36% in the three years ended with the 3rd Quarter of 2009.
This page provides a long term graph of the Sacramento Home Price Index
(above). The house price chart has been updated through the 3rd Quarter of
2011. For more information about Sacramento Home Prices, look at the links
under that chart. One link opens a long term chart of historical appreciation
rates for the Sacramento Real Estate Market. Another opens a forecast for
appreciation rates in the state of California. 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 Sacramento Home
Prices will be at your fingertips when you need them.
Historical data on the Sacramento Home Price Index is available back to the 3rd
Quarter, of 1976. All calculations are based on the quarterly value of the House
Price Index for the Sacramento 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 Sacramento 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: Sacramento, California
The appreciation of Sacramento 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 Sacramento-Arden-Arcade-Roseville, CA, hereinafter referred to as
"Sacramento".
Last Quarter:
During the 3rd Quarter of 2011, Sacramento Home Prices had a rank of 212,
with appreciation of 0.59%. 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, Sacramento Home Prices had a rank of 349, with
appreciation during the year of -9.29%. 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, Sacramento Home Prices
ranked 353, with a total appreciation of -44.4%. 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, Sacramento Home
Prices had a rank of 340, with appreciation during the decade of 6%. 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, Sacramento Home
Prices had a rank of 342, with total appreciation over the 20 year period of
36%. 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 Sacramento Real
Estate Market is available back to the 3rd Quarter, of 1976. The chart has been
updated through the 3rd Quarter of 2011. All calculations are based on the
quarterly value of the House Price Index for Sacramento. 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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