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San Jose, CA - House Price Index (HPI) - 33 Year Chart
San Jose Real Estate Market
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The House Price Index (HPI) shows changes in San Jose-Sunnyvale-Santa Clara, CA single family
home prices in logarithmic scale. The March, 1995 index value equals 100.  Updated Tuesday, March
27, 2012. Real estate forecasts, analysis and appreciation rates are provided below.
San Jose Real Estate Index: 33 Year Chart
Home Values Appreciation Rate - US Cities
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San Jose Real Estate Market: Trend, Analysis & Statistics
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Commentary  10367
4th Quarter, 2011 Housing Statistics: San Jose, 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 San Jose housing market for the 12
months ending with the 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for San Jose 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 San Jose is 80% 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 San
Jose Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      81%

The forecast for the trend in the San Jose housing market for the 3 years
ending with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend
Forecast for San Jose is 81%. In other words, when tested against historical
data, the forecasting methodology was correct 81% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in San
Jose is 81% 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 San Jose Real Estate
Market Forecast.




Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: San Jose, California


Historical Home Price Appreciation
Last Quarter                         -0.44%
Last Year                              -1.8%
Last 5 Years                         -24%
Last 10 Years                       18%
Last 20 Years                       127%
Decline From All Time High   23.90%


Annual Home Price Appreciation Rates
1982      -3.13%
1983      3.86%
1984      7.66%
1985      7.52%
1986      7.52%
1987      10.10%
1988      25.78%
1989      25.89%
1990      -6.12%
1991      -1.01%
1992      -1.78%
1993      -2.78%
1994      -1.43%
1995      2.40%
1996      5.43%
1997      13.29%
1998      13.09%
1999      13.52%
2000      29.20%
2001      0.89%
2002      5.39%
2003      1.99%
2004      15.38%
2005      20.99%
2006      2.59%
2007      -4.41%
2008      -13.23%
2009      -7.75%
2010      1.81%
2011      -1.84%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.44%        Rank: 297 of 381 (22nd Percentile)
Last Year  . . . . . . . . . . . . . . . .  -1.8%          Rank: 152 of 381 (60th Percentile)
Last 5 Years                              -24%           Rank: 309 of 381 (18th Percentile)
Last 10 Years  . . . . . . . . . . . .   18%            Rank: 259 of 381 (32nd Percentile)
Last 20 Years                            127%          Rank: 37 of 355 (89th Percentile)
Decline From All Time High        23.90%

Home Price appreciation rates for San Jose-Sunnyvale-Santa Clara, CA are
shown above for five time periods. For example: San Jose appreciated -0.44%
in the Last Quarter. At that rate, the San Jose Real Estate Market was ranked
297th out of 381 metropolitan areas for Real Estate Appreciation. San Jose was
in the 22nd percentile. So San Jose, CA performed better in the Last Quarter
than 22% of the 381 metropolitan areas covered in Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: San Jose, California

The data and analysis on this page pertains to San Jose-Sunnyvale-Santa
Clara, CA, hereinafter referred to as "San Jose". The all time high in the San
Jose Home Price Index was 316.9 in the 3rd Quarter, of 2006. The 4th Quarter,
2011 index value was 241.2. That's a decline of 75.72 points or 23.90% below
the San Jose Home Price Index all time high.  The Home Price Index indicates
that the San Jose Market is up 18% over the last 10 years. Home Prices in the
San Jose Real Estate Market have lost 1.84% over the last 12 months. Over the
last thirty years, it is up 360%.

The 4th Quarter index value was 1.07 points lower than the 3rd Quarter, 2011
index value of 242.22, resulting in a 0.44% decline for the 4th Quarter in the
San Jose Market.

The San Jose Home Price Index declined in the last quarter after increasing in
the previous 2 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 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 San Jose Real Estate Market
was 33% in the twelve months ended with the 2nd Quarter of 1989. The worst
annual home appreciation rate in the San Jose Market was -14% in the twelve
months ended with the 2nd Quarter of 2009.

The highest home appreciation in the San Jose Real Estate Market over a three
year period was 76% in the three years ended with the 1st Quarter of 1980.
The worst home appreciation over a three year period in the San Jose Market
was -25% in the three years ended with the 3rd Quarter of 2009.

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

Historical data on the San Jose Home Price Index is available back to the 4th
Quarter, of 1975. All calculations are based on the quarterly value of the House
Price Index for the San Jose 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 San Jose 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: San Jose, California

The appreciation of San Jose 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 San Jose-Sunnyvale-Santa Clara, CA, hereinafter referred to as "San Jose".

Last Quarter:
During the 4th Quarter of 2011, San Jose Home Prices had a rank of 297, with
appreciation of -0.44%. 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, San Jose Home Prices had a rank of 152, with
appreciation during the year of -1.84%. 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, San Jose Home Prices
ranked 309, with a total appreciation of -23.5%. 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, San Jose Home Prices
had a rank of 259, with appreciation during the decade of 18%. 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, San Jose Home Prices
had a rank of 37, with total appreciation over the 20 year period of 127%. 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 San Jose Real Estate
Market is available back to the 4th Quarter, of 1975. The chart has been
updated through the 4th Quarter of 2011. All calculations are based on the
quarterly value of the House Price Index for San Jose. 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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