__________________________________________
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.
December 2010
-5.9%
3.2%
Updated Thursday, December 17, 2009.
Michigan Real Estate Forecast
-10%
-5%
0%
5%
10%
15%
Michigan Real Estate Forecast
Home Values Appreciation Rate - US Cities
1/04         1/2005            1/2006           1/2007            1/2008           1/2009           1/2010            1/11
Commentary  2309
3rd Quarter, 2009 Data: Michigan

The 12 month forecast for Michigan Real Estate prices is in the table at the top
of this page. We are forecasting a decline in Michigan Home Prices of 5.95%.
The table shows a HDTFA of 3.18% which suggests that appreciation rates
over the next year for Michigan Real Estate could easily end up anywhere
between -2.77% and -9.13%.  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 -3.36%. So Michigan Real
Estate prices are forecasted to underperform the rest of the country. The
highest appreciation rate of all Real estate forecasts at this site is 1.85% for
North Dakota. The lowest is -17.47% for Nevada.

The highest annual appreciation rate in Michigan Real Estate was 21% 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
53% in the three years ended with the 3rd Quarter of 1979. The worst
appreciation over a three year period in Michigan was -15% in the three years
ended with the 3rd Quarter of 2009.

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 2009. 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.






Commentary  1166
2nd Quarter, 2009 Data: Michigan

The 12 month forecast for Michigan Real Estate prices is in the table at the top
of this page. We are forecasting a decline in Michigan Home Prices of 5.11%.
The table shows a HDTFA of 2.77% which suggests that appreciation rates
over the next year for Michigan Real Estate could easily end up anywhere
between -2.34% and -7.88%.  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 -3.00%. So Michigan Real
Estate prices are forecasted to underperform the rest of the country. The
highest appreciation rate of all Real estate forecasts at this site is 2.53% for
North Dakota. The lowest is -15.96% for Nevada.

The highest annual appreciation rate in Michigan Real Estate was 21% 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
53% in the three years ended with the 3rd Quarter of 1979. The worst
appreciation over a three year period in Michigan was -12% in the three years
ended with the 2nd Quarter of 2009.

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 2nd
Quarter of 2009. 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.






Commentary  23
1st Quarter, 2009 Data: Michigan

The 12 month forecast for Michigan Real Estate prices is in the table at the top
of this page. We are forecasting a decline in Michigan Home Prices of 4.07%.
The table shows a HDTFA of 2.79% which suggests that appreciation rates
over the next year for Michigan Real Estate could easily end up anywhere
between -1.27% and -6.86%.  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 -1.57%. So Michigan Real
Estate prices are forecasted to underperform the rest of the country. The
highest appreciation rate of all Real estate forecasts at this site is 3.37% for
North Dakota. The lowest is -14.57% for Florida.

The highest annual appreciation rate in Michigan Real Estate was 21% in the
twelve months ended with the 1st Quarter of 1979. The worst annual
appreciation rate in Michigan was -17% in the twelve months ended with the 4th
Quarter of 1982.

The highest appreciation in Michigan Real Estate over a three year period was
53% in the three years ended with the 3rd Quarter of 1979. The worst
appreciation over a three year period in Michigan was -12% in the three years
ended with the 4th Quarter of 2008.

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 1st
Quarter of 2009. 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 4th
Quarter, of 1975. All calculations are based on the quarterly value of the House
Price Index for Michigan.








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