Lubbock, TX - House Price Index (HPI)
Lubbock Real Estate Market Forecast
100
1000
The House Price Index (HPI) shows changes in Lubbock, TX 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
Lubbock Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  14841
2nd Quarter, 2013 Housing Statistics: Lubbock, Texas


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      72%

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 Lubbock housing market for the 12
months ending with the 2nd Quarter of 2014 is UP. The Accuracy of the Trend
Projection for Lubbock is 72%. In other words, when tested against historical
data, the forecasting methodology was correct 72% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Lubbock is 72% 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 Lubbock
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      81%

The forecast for the trend in the Lubbock housing market for the 3 years
ending with the 2nd Quarter of 2016 is UP. The Accuracy of the Trend
Prediction for Lubbock is 81%. In other words, when tested against historical
data, the forecasting methodology was correct 81% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Lubbock is 81% 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 Lubbock
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
2nd Quarter, 2013 Housing Data: Lubbock, Texas


Historical Home Price Appreciation
Last Quarter                         1.76%
Last Year                              1.8%
Last 5 Years                         5%
Last 10 Years                       24%
Last 20 Years                       73%



Annual Home Price Appreciation Rates
1983      5.78%
1984      -10.04%
1985      9.00%
1986      2.01%
1987      -1.20%
1988      2.61%
1989      -5.38%
1990      2.71%
1991      1.40%
1992      6.44%
1993      5.56%
1994      1.31%
1995      3.52%
1996      2.72%
1997      1.32%
1998      3.99%
1999      2.82%
2000      2.54%
2001      5.37%
2002      5.28%
2003      4.83%
2004      3.33%
2005      3.37%
2006      3.84%
2007      0.86%
2008      1.74%
2009      0.79%
2010      2.12%
2011      -0.38%
2012      1.97%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.76%         Rank: 110 of 381 (71st Percentile)
Last Year  . . . . . . . . . . . . . . . .  1.8%           Rank: 202 of 381 (47th Percentile)
Last 5 Years                              5%              Rank: 29 of 381 (92nd Percentile)
Last 10 Years  . . . . . . . . . . . .   24%            Rank: 127 of 381 (66th Percentile)
Last 20 Years                            73%            Rank: 213 of 372 (42nd Percentile)


The change in home prices for Lubbock, TX are shown above for five time
periods. For example: Lubbock appreciated 1.76% in the Last Quarter. At that
rate, the Lubbock Real Estate Market was ranked 110th out of 381 metropolitan
Real Estate Markets. Lubbock was in the 71st percentile. So Lubbock, TX
performed better in the Last Quarter than 71% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
2nd Quarter, 2013 Housing Statistics: Lubbock, Texas

The all time high in the Lubbock Home Price Index was 160.2 in the 2nd
Quarter, of 2013.  The Home Price Index indicates that the Lubbock Market is
up 24% over the last 10 years. Home prices in the Lubbock Real Estate Market
have gained 1.79% over the last 12 months. Over the last thirty years, it is up
91%.

The 2nd Quarter index value was 2.77 points higher than the 1st Quarter, 2013
index value of 157.45, resulting in a 1.76% rise in the 2nd Quarter for the
Lubbock Market.

The Lubbock 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 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 3 consecutive quarters.

The highest annual change in the value of houses in the Lubbock Real Estate
Market was 17% in the twelve months ended with the 4th Quarter of 1981. The
worst annual change in home values  in the Lubbock Market was -10% in the
twelve months ended with the 4th Quarter of 1984.

The highest growth in home values in the Lubbock Real Estate Market over a
three year period was 16% in the three years ended with the 4th Quarter of
2003. The worst performance over a three year period in the Lubbock Market
was -11% in the three years ended with the 4th Quarter of 1984.

This page provides a long term graph of the Lubbock Home Price Index
(above). For information about Texas 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 Lubbock 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 Lubbock 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 Lubbock 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: Lubbock, Texas

The trend of Lubbock 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, Lubbock Home Prices had a rank of 110, with
appreciation of 1.76%. 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, Lubbock Home Prices had a rank of 202, with
appreciation during the year of 1.79%. 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, Lubbock Home Prices
ranked 29, with a total appreciation of 4.9%. 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, Lubbock Home Prices
had a rank of 127, with appreciation during the decade of 24%. 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, Lubbock Home Prices
had a rank of 213, with total growth over the 20 year period of 73%. 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 Lubbock Real Estate
Market is available back to the 3rd Quarter, of 1981. All calculations are based
on the quarterly value of the House Price Index for Lubbock. 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  14079
1st Quarter, 2013 Housing Statistics: Lubbock, Texas


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      72%

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 Lubbock housing market for the 12
months ending with the 1st Quarter of 2014 is UP. The Accuracy of the Trend
Forecast for Lubbock is 72%. In other words, when tested against historical
data, the forecasting methodology was correct 72% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Lubbock is 72% 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 Lubbock
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      81%

The forecast for the trend in the Lubbock housing market for the 3 years
ending with the 1st Quarter of 2016 is UP. The Accuracy of the Trend Forecast
for Lubbock is 81%. In other words, when tested against historical data, the
forecasting methodology was correct 81% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Lubbock is 81% 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 Lubbock
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2013 Housing Data: Lubbock, Texas


Historical Home Price Appreciation
Last Quarter                         -1.45%
Last Year                              0.1%
Last 5 Years                         3%
Last 10 Years                       21%
Last 20 Years                       68%
Decline From All Time High   1.45%


Annual Home Price Appreciation Rates
1983      5.68%
1984      -9.98%
1985      9.03%
1986      1.94%
1987      -0.99%
1988      2.50%
1989      -5.44%
1990      2.81%
1991      1.69%
1992      6.09%
1993      5.64%
1994      1.20%
1995      3.56%
1996      2.71%
1997      1.23%
1998      4.06%
1999      2.84%
2000      2.51%
2001      5.44%
2002      5.23%
2003      4.83%
2004      3.38%
2005      3.19%
2006      4.04%
2007      0.86%
2008      1.70%
2009      0.78%
2010      2.19%
2011      -0.21%
2012      1.60%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -1.45%        Rank: 336 of 381 (11th Percentile)
Last Year  . . . . . . . . . . . . . . . .  0.1%           Rank: 253 of 381 (33rd Percentile)
Last 5 Years                              3%              Rank: 36 of 381 (90th Percentile)
Last 10 Years  . . . . . . . . . . . .   21%            Rank: 145 of 381 (62nd Percentile)
Last 20 Years                            68%            Rank: 240 of 369 (35th Percentile)
Decline From All Time High        1.45%

The change in home prices for Lubbock, TX are shown above for five time
periods. For example: Lubbock appreciated -1.45% in the Last Quarter. At that
rate, the Lubbock Real Estate Market was ranked 336th out of 381 metropolitan
Real Estate Markets. Lubbock was in the 11th percentile. So Lubbock, TX
performed better in the Last Quarter than 11% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2013 Housing Statistics: Lubbock, Texas

The all time high in the Lubbock Home Price Index was 159.0 in the 4th Quarter,
of 2012. The 1st Quarter, 2013 index value was 156.7. That's a decline of 2.31
points or 1.45% below the Lubbock Home Price Index all time high.  The Home
Price Index indicates that the Lubbock Market is up 21% over the last 10 years.
Home prices in the Lubbock Real Estate Market have gained 0.08% over the
last 12 months. Over the last thirty years, it is up 92%.

The 1st Quarter index value was 2.31 points lower than the 4th Quarter, 2012
index value of 159.02, resulting in a 1.45% decline for the 1st Quarter in the
Lubbock Market.

The Lubbock Home Price Index declined in the last quarter after increasing in
the previous 5 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 2 consecutive
quarters. The current record holder for consecutive increases in the Home
Price Index is Bismarck, ND, with increases in the last 12 consecutive quarters.

The highest annual change in the value of houses in the Lubbock Real Estate
Market was 17% in the twelve months ended with the 4th Quarter of 1981. The
worst annual change in home values  in the Lubbock Market was -10% in the
twelve months ended with the 4th Quarter of 1984.

The highest growth in home values in the Lubbock Real Estate Market over a
three year period was 16% in the three years ended with the 4th Quarter of
2003. The worst performance over a three year period in the Lubbock Market
was -11% in the three years ended with the 4th Quarter of 1984.

This page provides a long term graph of the Lubbock Home Price Index
(above). For information about Texas 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 Lubbock 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 Lubbock 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 Lubbock 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: Lubbock, Texas

The trend of Lubbock 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, Lubbock Home Prices had a rank of 336, with
appreciation of -1.45%. 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, Lubbock Home Prices had a rank of 253, with
appreciation during the year of 0.08%. 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, Lubbock Home Prices
ranked 36, with a total appreciation of 3.0%. 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, Lubbock Home Prices
had a rank of 145, with appreciation during the decade of 21%. 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, Lubbock Home Prices
had a rank of 240, with total growth over the 20 year period of 68%. 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 Lubbock Real Estate
Market is available back to the 3rd Quarter, of 1981. All calculations are based
on the quarterly value of the House Price Index for Lubbock. 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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