Albuquerque, NM - House Price Index (HPI)
Albuquerque Real Estate Market Forecast
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The House Price Index (HPI) shows changes in Albuquerque, NM single family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Updated Friday, June 28, 2013. Real
estate forecasts, analysis, statistics and appreciation rates are provided below.
10
Albuquerque Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  14636
2nd Quarter, 2013 Housing Statistics: Albuquerque, New Mexico


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      79%

LittleBigHomes.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 Albuquerque housing market for the
12 months ending with the 2nd Quarter of 2014 is UP. The Accuracy of the
Trend Projection for Albuquerque is 79%. In other words, when tested against
historical data, the forecasting methodology was correct 79% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Albuquerque is 79% during this period. If this Housing Market Forecast
is correct, home prices will be higher in the 2nd Quarter of 2014 than they were
in the 2nd Quarter of 2013. Check this page each quarter for updates to the
Albuquerque Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      85%

The forecast for the trend in the Albuquerque housing market for the 3 years
ending with the 2nd Quarter of 2016 is UP. The Accuracy of the Trend
Prediction for Albuquerque is 85%. In other words, when tested against
historical data, the forecasting methodology was correct 85% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Albuquerque is 85% during this period. If this Housing Market Forecast
is correct, home values will be higher in the 2nd Quarter of 2016 than they were
in the 2nd Quarter of 2013. Check this page each quarter for updates to the
Albuquerque Real Estate Market Forecast.




Part 2: MARKET SUMMARY
2nd Quarter, 2013 Housing Data: Albuquerque, New Mexico


Historical Home Price Appreciation
Last Quarter                                     0.39%
Last Year . . . . . . . . . . . . . . . . . . . .  1.5%
Last 5 Years                                     -14%
Last 10 Years . . . . . . . . . . . . . . . . . 26%
Last 20 Years                                   79%
Decline From All Time High               15.71%


Annual Home Price Appreciation Rates
1983      7.99%
1984      5.58%
1985      2.36%
1986      5.39%
1987      1.36%
1988      -1.08%
1989      2.82%
1990      -0.89%
1991      2.94%
1992      5.37%
1993      8.53%
1994      11.07%
1995      6.02%
1996      0.85%
1997      2.43%
1998      1.37%
1999      -0.96%
2000      1.54%
2001      4.35%
2002      3.27%
2003      4.78%
2004      7.49%
2005      15.41%
2006      13.87%
2007      2.57%
2008      -3.74%
2009      -5.66%
2010      -2.09%
2011      -3.97%
2012      -1.59%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.39%         Rank: 224 of 381 (41st Percentile)
Last Year  . . . . . . . . . . . . . . . .  1.5%           Rank: 224 of 381 (41st Percentile)
Last 5 Years                              -14%           Rank: 259 of 381 (32nd Percentile)
Last 10 Years  . . . . . . . . . . . .   26%            Rank: 98 of 381 (74th Percentile)
Last 20 Years                            79%            Rank: 176 of 372 (52nd Percentile)
Decline From All Time High        15.71%

The change in home prices for Albuquerque, NM are shown above for five time
periods. For example: Albuquerque appreciated 0.39% in the Last Quarter. At
that rate, the Albuquerque Real Estate Market was ranked 224th out of 381
metropolitan Real Estate Markets. Albuquerque was in the 41st percentile. So
Albuquerque, NM performed better in the Last Quarter than 41% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
2nd Quarter, 2013 Housing Statistics: Albuquerque, New Mexico

The all time high in the Albuquerque Home Price Index was 181.7 in the 1st
Quarter, of 2008. The 2nd Quarter, 2013 index value was 153.2. That's a
decline of 28.54 points or 15.71% below the Albuquerque Home Price Index all
time high.  The Home Price Index indicates that the Albuquerque Market is up
26% over the last 10 years. Home prices in the Albuquerque Real Estate
Market have gained 1.54% over the last 12 months. Over the last thirty years, it
is up 146%.

The 2nd Quarter index value was 0.60 points higher than the 1st Quarter, 2013
index value of 152.56, resulting in a 0.39% rise in the 2nd Quarter for the
Albuquerque Market.

The Albuquerque Home Price Index has increased for the last 2 consecutive
quarters. The current record holder for consecutive increases in the Home
Price Index is Bismarck, ND, with increases in the last 13 consecutive quarters.
The current record holders for consecutive declines in the Home Price Index
are Wichita Falls, TX; Toledo, OH; Springfield, OH; Scranton, PA and Rockford,
IL, with declines in the last 5 consecutive quarters.

The highest annual change in the value of houses in the Albuquerque Real
Estate Market was 19% in the twelve months ended with the 2nd Quarter of
1979. The worst annual change in home values  in the Albuquerque Market was
-6% in the twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Albuquerque Real Estate Market over
a three year period was 46% in the three years ended with the 3rd Quarter of
1980. The worst performance over a three year period in the Albuquerque
Market was -15% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the Albuquerque Home Price Index
(above). For information about New Mexico home values, click Real Estate
Market Forecasts in the navigation bar at the top of this page.  You'll see long
term charts and analysis that will provide tremendous insight into the historical
trends of residential property values. Bookmark this page! Then
LittleBigHomes.com's detailed research and statistics about Albuquerque Home
Prices will be at your fingertips when you need them.

All calculations are based on the quarterly value of the House Price Index for
the Albuquerque 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 Albuquerque 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
2nd Quarter, 2013 Housing Data: Albuquerque, New Mexico

The trend of Albuquerque 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 2nd Quarter of 2013, Albuquerque Home Prices had a rank of 224,
with appreciation of 0.39%. The top performing real estate market during the
2nd Quarter was Stockton, CA, with a rise of 7.33%. The worst market during
that period was Lawton, OK, with appreciation of -3.13%.
The median for all cities during the 2nd Quarter was 0.71%. The average for all
markets during the quarter was 1.07%.

Last Year:
During the last 12 months, Albuquerque Home Prices had a rank of 224, with
appreciation during the year of 1.54%. The top performing market during the
last year was Stockton, CA, with an increase of 19.4%. The worst real estate
market during that period was Norwich, CT, with appreciation of -3.4%.
The median for all markets during this period was 1.95%. The average was
3.25%.

Last 5 Years:
Over the 5 years ended with the 2nd Quarter of 2013, Albuquerque Home
Prices ranked 259, with a total appreciation of -14.3%. The top performing real
estate market during the 5 year period was Bismarck, ND, with a growth in value
of 29%. The worst market during that period was Las Vegas, NV, with
appreciation of -39%.
The median for all cities during this time period was -8%. The average over the
5 years was -9%.

Last 10 Years:
During the 10 years ended in the 2nd Quarter of 2013, Albuquerque Home
Prices had a rank of 98, with appreciation during the decade of 26%. The top
performing market during the period was Midland, TX, with a rise of 115%. The
worst real estate market during the 10 year time period was Detroit, MI, with
appreciation of -30%.
The median for all markets during the last 10 years was 17%. The average for
the cities over that time frame was 17%.

Last 20 Years:
During the 20 years ended in the 2nd Quarter of 2013, Albuquerque Home
Prices had a rank of 176, with total growth over the 20 year period of 79%. The
top performing real estate market during the period was Casper, WY, with an
increase of 206%. The worst market during the last 20 years was Las Vegas,
NV, with appreciation of 19%.
The median for all cities during the last 20 years was 78%. The average for the
markets over that time frame was 80%.

Historical research data on the Home Price Index for the Albuquerque Real
Estate Market is available back to the 3rd Quarter, of 1977. All calculations are
based on the quarterly value of the House Price Index for Albuquerque. Real
estate appreciation figures represent total net increase or decrease over each
time period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)








Commentary  13874
1st Quarter, 2013 Housing Statistics: Albuquerque, New Mexico


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      80%

LittleBigHomes.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 Albuquerque housing market for the
12 months ending with the 1st Quarter of 2014 is UP. The Accuracy of the
Trend Forecast for Albuquerque is 80%. In other words, when tested against
historical data, the forecasting methodology was correct 80% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Albuquerque is 80% during this period. If this Housing Market Forecast
is correct, home prices will be higher in the 1st Quarter of 2014 than they were
in the 1st Quarter of 2013. Check this page each quarter for updates to the
Albuquerque Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      85%

The forecast for the trend in the Albuquerque housing market for the 3 years
ending with the 1st Quarter of 2016 is UP. The Accuracy of the Trend Forecast
for Albuquerque is 85%. In other words, when tested against historical data, the
forecasting methodology was correct 85% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Albuquerque is 85% during this period. If this Housing Market Forecast is
correct, home values will be higher in the 1st Quarter of 2016 than they were in
the 1st Quarter of 2013. Check this page each quarter for updates to the
Albuquerque Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2013 Housing Data: Albuquerque, New Mexico


Historical Home Price Appreciation
Last Quarter                                     0.26%
Last Year . . . . . . . . . . . . . . . . . . . .  0.4%
Last 5 Years                                     -16%
Last 10 Years . . . . . . . . . . . . . . . . . 27%
Last 20 Years                                   83%
Decline From All Time High               16.02%


Annual Home Price Appreciation Rates
1983      8.21%
1984      5.40%
1985      2.36%
1986      5.40%
1987      1.32%
1988      -1.06%
1989      2.82%
1990      -0.88%
1991      2.93%
1992      5.37%
1993      8.53%
1994      11.07%
1995      6.01%
1996      0.86%
1997      2.43%
1998      1.37%
1999      -0.96%
2000      1.53%
2001      4.36%
2002      3.28%
2003      4.77%
2004      7.48%
2005      15.42%
2006      13.83%
2007      2.62%
2008      -3.72%
2009      -5.51%
2010      -2.14%
2011      -3.86%
2012      -1.72%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.26%         Rank: 161 of 381 (57th Percentile)
Last Year  . . . . . . . . . . . . . . . .  0.4%           Rank: 225 of 381 (41st Percentile)
Last 5 Years                              -16%           Rank: 254 of 381 (33rd Percentile)
Last 10 Years  . . . . . . . . . . . .   27%            Rank: 87 of 381 (77th Percentile)
Last 20 Years                            83%            Rank: 151 of 369 (59th Percentile)
Decline From All Time High        16.02%

The change in home prices for Albuquerque, NM are shown above for five time
periods. For example: Albuquerque appreciated 0.26% in the Last Quarter. At
that rate, the Albuquerque Real Estate Market was ranked 161st out of 381
metropolitan Real Estate Markets. Albuquerque was in the 57th percentile. So
Albuquerque, NM performed better in the Last Quarter than 57% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2013 Housing Statistics: Albuquerque, New Mexico

The all time high in the Albuquerque Home Price Index was 181.7 in the 1st
Quarter, of 2008. The 1st Quarter, 2013 index value was 152.6. That's a
decline of 29.11 points or 16.02% below the Albuquerque Home Price Index all
time high.  The Home Price Index indicates that the Albuquerque Market is up
27% over the last 10 years. Home prices in the Albuquerque Real Estate
Market have gained 0.42% over the last 12 months. Over the last thirty years, it
is up 148%.

The 1st Quarter index value was 0.40 points higher than the 4th Quarter, 2012
index value of 152.22, resulting in a 0.26% rise in the 1st Quarter for the
Albuquerque Market.

The Albuquerque Home Price Index increased in the last quarter after falling in
the previous quarter. The current record holder for consecutive increases in
the Home Price Index is Bismarck, ND, with increases in the last 12 consecutive
quarters. The current record holders for consecutive declines in the Home Price
Index are Wichita Falls, TX; Toledo, OH; Scranton, PA; Sandusky, OH and
Rockford, IL, with declines in the last 4 consecutive quarters.

The highest annual change in the value of houses in the Albuquerque Real
Estate Market was 19% in the twelve months ended with the 2nd Quarter of
1979. The worst annual change in home values  in the Albuquerque Market was
-6% in the twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Albuquerque Real Estate Market over
a three year period was 45% in the three years ended with the 3rd Quarter of
1980. The worst performance over a three year period in the Albuquerque
Market was -15% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the Albuquerque Home Price Index
(above). For information about New Mexico home values, click Real Estate
Market Forecasts in the navigation bar at the top of this page.  You'll see long
term charts and analysis that will provide tremendous insight into the historical
trends of residential property values. Bookmark this page! Then
LittleBigHomes.com's detailed research and statistics about Albuquerque Home
Prices will be at your fingertips when you need them.

All calculations are based on the quarterly value of the House Price Index for
the Albuquerque 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 Albuquerque 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
1st Quarter, 2013 Housing Data: Albuquerque, New Mexico

The trend of Albuquerque 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 1st Quarter of 2013, Albuquerque Home Prices had a rank of 161,
with appreciation of 0.26%. The top performing real estate market during the
1st Quarter was Napa, CA, with a rise of 4.80%. The worst market during that
period was Elmira, NY, with appreciation of -5.62%.
The median for all cities during the 1st Quarter was 0.04%. The average for all
markets during the quarter was 0.17%.

Last Year:
During the last 12 months, Albuquerque Home Prices had a rank of 225, with
appreciation during the year of 0.42%. The top performing market during the
last year was Phoenix, AZ, with an increase of 15.3%. The worst real estate
market during that period was Pine Bluff, AR, with appreciation of -5.0%.
The median for all markets during this period was 1.00%. The average was
1.58%.

Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2013, Albuquerque Home Prices
ranked 254, with a total appreciation of -16.0%. The top performing real estate
market during the 5 year period was Midland, TX, with a growth in value of 22%.
The worst market during that period was Las Vegas, NV, with appreciation of
-49%.
The median for all cities during this time period was -10%. The average over
the 5 years was -12%.

Last 10 Years:
During the 10 years ended in the 1st Quarter of 2013, Albuquerque Home
Prices had a rank of 87, with appreciation during the decade of 27%. The top
performing market during the period was Midland, TX, with a rise of 109%. The
worst real estate market during the 10 year time period was Detroit, MI, with
appreciation of -31%.
The median for all markets during the last 10 years was 17%. The average for
the cities over that time frame was 17%.

Last 20 Years:
During the 20 years ended in the 1st Quarter of 2013, Albuquerque Home
Prices had a rank of 151, with total growth over the 20 year period of 83%. The
top performing real estate market during the period was Casper, WY, with an
increase of 213%. The worst market during the last 20 years was Las Vegas,
NV, with appreciation of 12%.
The median for all cities during the last 20 years was 77%. The average for the
markets over that time frame was 80%.

Historical research data on the Home Price Index for the Albuquerque Real
Estate Market is available back to the 3rd Quarter, of 1977. All calculations are
based on the quarterly value of the House Price Index for Albuquerque. Real
estate appreciation figures represent total net increase or decrease over each
time period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)









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