Michigan Real Estate Forecast

Commentary 8405
3rd Quarter, 2011 Data: Michigan

The 12 month forecast for Michigan Real Estate prices is in the table at the top
of this page. Forecast-Chart.com is forecasting a decline in Michigan Home
Prices of 2.52%. The table shows a HDTFA of 2.85% which suggests that
appreciation rates over the next year for Michigan Real Estate could easily end
up anywhere between 0.34% and -5.37%. Links to Forecasts for 49 other
states and the District of Columbia may be found on the right side of this page.

The average real estate forecast for all 50 states is -1.79%. So Michigan Real
Estate prices are forecasted to perform similar to the rest of the country. The
highest appreciation rate forecast of all Real estate forecasts at this site is
4.67% for Arizona. The lowest is -9.96% for Idaho.

Historical Home Price Appreciation: Michigan
Last Quarter                         3.32%
Last Year                              -3.6%
Last 5 Years                         -22%
Last 10 Years                       -12%
Last 20 Years                       57%
Decline From All Time High   24.33%

Annual Home Price Appreciation Rates: Michigan
1981      3.43%
1982      -16.16%
1983      7.85%
1984      2.39%
1985      6.58%
1986      10.31%
1987      10.16%
1988      6.61%
1989      6.56%
1990      3.94%
1991      4.63%
1992      3.03%
1993      2.91%
1994      6.12%
1995      7.34%
1996      8.02%
1997      7.29%
1998      5.82%
1999      7.03%
2000      7.12%
2001      5.24%
2002      3.99%
2003      3.86%
2004      4.02%
2005      2.20%
2006      -1.94%
2007      -5.20%
2008      -7.78%
2009      -7.15%
2010      -1.37%

The highest annual appreciation rate in Michigan Real Estate was 22% in the
twelve months ended with the 1st Quarter of 1979. The worst annual
appreciation rate in Michigan was -16% in the twelve months ended with the 4th
Quarter of 1982.

The highest appreciation in Michigan Real Estate over a three year period was
54% in the three years ended with the 3rd Quarter of 1979. The worst
appreciation over a three year period in Michigan was -20% in the three years
ended with the 1st Quarter of 2010.

This page provides a five year chart of appreciation rates and a forecast for the
Michigan House Price Index. The chart shows the five years ended in the 3rd
Quarter of 2011. For links to longer term charts, look at the links under the five
year chart (above). One link opens a chart showing over thirty years of
historical appreciation rates for Michigan Real Estate. Another opens a graph
showing over thirty years of the Michigan House Price Index. Just one glance at
our long term charts can provide tremendous insight into the historical trends of
residential property values. And those pages contain more than just charts.
You'll find a wealth of other helpful statistics about Michigan Real Estate.

Historical data on the Michigan House Price Index is available back to the first
quarter of 1975. All calculations are based on the quarterly value of the House
Price Index for Michigan.

In this site, you may view the one, five & ten year home appreciation rates for all
50 states in one convenient table. Click the Market Trend Research link in the
uppermost left corner of any page in this site. The table of contents for Market
Trend Research will open. In the table of contents, click the link titled: Home
Appreciation Rates.

_____________________________________________________________
Report a Problem with this Page    Contact U s     Privacy Policy    Terms of Use /Disclosure
                                      SignalTrend Inc. 2008 - 2012, All Rights Reserved

__________________________________________

Average annual Michigan house appreciation RATE according to the House Price Index (HPI) is
shown in gray. The forecast for annual appreciation through the target month is shown in green.

Michigan - Real Estate Appreciation Rate - 5 Year History

Michigan Real Estate Forecast

Target Month

Forecast

HDTFA

Forecast: Annual real estate appreciation rate
for single family homes in the Michigan
residential housing market for the 12 months
ending in the target month shown at the left.

September, 2012

-2.5%

2.9%

Updated Saturday, December 31, 2011.

Michigan Real Estate Forecast