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Spokane, WA - House Price Index (HPI) - 31 Year Chart
Spokane Real Estate Market
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1000
The House Price Index (HPI) shows changes in Spokane, WA single family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Updated Friday, September 30, 2011.
Real estate forecasts, analysis, statistics and appreciation rates are provided below.
Spokane Real Estate Index: 31 Year Chart
Home Values Appreciation Rate - US Cities
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Spokane Real Estate Market: Trend, Analysis & Statistics
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Commentary  8862
3rd Quarter, 2011 Housing Statistics: Spokane, Washington


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      74%

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 Spokane housing market for the 12
months ending with the 3rd Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Spokane is 74%. In other words, when tested against
historical data, the forecasting methodology was correct 74% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Spokane is 74% 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
Spokane Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      70%

The forecast for the trend in the Spokane housing market for the 3 years
ending with the 3rd Quarter of 2014 is DOWN. The Accuracy of the Trend
Forecast for Spokane is 70%. In other words, when tested against historical
data, the forecasting methodology was correct 70% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Spokane is 70% 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 Spokane
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2011 Housing Data: Spokane, Washington


Historical Home Price Appreciation
Last Quarter                         0.39%
Last Year                              -7.5%
Last 5 Years                         -10%
Last 10 Years                       43%
Last 20 Years                       112%
Decline From All Time High   16.96%


Annual Home Price Appreciation Rates
1981      -1.35%
1982      -7.74%
1983      4.11%
1984      19.48%
1985      -2.71%
1986      2.65%
1987      -2.63%
1988      2.34%
1989      6.92%
1990      12.51%
1991      9.22%
1992      10.85%
1993      9.05%
1994      3.70%
1995      5.62%
1996      0.06%
1997      2.09%
1998      1.90%
1999      -0.62%
2000      1.67%
2001      4.75%
2002      3.39%
2003      3.90%
2004      11.03%
2005      19.15%
2006      13.30%
2007      5.90%
2008      -2.39%
2009      -5.91%
2010      -3.61%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.39%         Rank: 227 of 381 (40th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -7.5%          Rank: 320 of 381 (16th Percentile)
Last 5 Years                              -10%           Rank: 228 of 381 (40th Percentile)
Last 10 Years  . . . . . . . . . . . .   43%            Rank: 57 of 381 (85th Percentile)
Last 20 Years                            112%          Rank: 75 of 351 (78th Percentile)
Decline From All Time High        16.96%

Home Price appreciation rates for Spokane, WA are shown above for five time
periods. For example: Spokane appreciated 0.39% in the Last Quarter. At that
rate, the Spokane Real Estate Market was ranked 227th out of 381
metropolitan areas for Real Estate Appreciation. Spokane was in the 40th
percentile. So Spokane, WA performed better in the Last Quarter than 40% of
the 381 metropolitan areas covered in Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2011 Housing Statistics: Spokane, Washington

The all time high in the Spokane Home Price Index was 196.8 in the 4th
Quarter, of 2007. The 3rd Quarter, 2011 index value was 163.4. That's a
decline of 33.39 points or 16.96% below the Spokane Home Price Index all time
high.  The Home Price Index indicates that the Spokane Market is up 43% over
the last 10 years. Home Prices in the Spokane Real Estate Market have lost
7.54% over the last 12 months. Over the last thirty years, it is up 208%.

The 3rd Quarter index value was 0.64 points higher than the 2nd Quarter, 2011
index value of 162.80, resulting in a 0.39% rise in the 3rd Quarter for the
Spokane Market.

The Spokane 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 Spokane Real Estate Market
was 25% in the twelve months ended with the 3rd Quarter of 1984. The worst
annual home appreciation rate in the Spokane Market was -8% in the twelve
months ended with the 3rd Quarter of 1982.

The highest home appreciation in the Spokane Real Estate Market over a three
year period was 51% in the three years ended with the 1st Quarter of 2007.
The worst home appreciation over a three year period in the Spokane Market
was -16% in the three years ended with the 2nd Quarter of 2011.

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

Historical data on the Spokane Home Price Index is available back to the 3rd
Quarter, of 1977. All calculations are based on the quarterly value of the House
Price Index for the Spokane 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 Spokane 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: Spokane, Washington

The appreciation of Spokane 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.

Last Quarter:
During the 3rd Quarter of 2011, Spokane Home Prices had a rank of 227, with
appreciation of 0.39%. 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, Spokane Home Prices had a rank of 320, with
appreciation during the year of -7.54%. 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, Spokane Home Prices
ranked 228, with a total appreciation of -9.9%. 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, Spokane Home Prices
had a rank of 57, with appreciation during the decade of 43%. 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, Spokane Home Prices
had a rank of 75, with total appreciation over the 20 year period of 112%. 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 Spokane Real Estate
Market is available back to the 3rd Quarter, of 1977. 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 Spokane. 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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