Lansing, MI - House Price Index (HPI)
Lansing Real Estate Market Forecast
100
1000
The House Price Index (HPI) shows changes in Lansing-East Lansing, MI single family home prices
in
logarithmic scale. The March, 1995 index value equals 100.  Real estate forecasts, analysis,
statistics and appreciation rates are provided below.
10
Lansing Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  2679.56
3rd Quarter, 2018 Housing Statistics: Lansing, Michigan


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      88%

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 Lansing housing market for the 12
months ending with the 3rd Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Lansing is 88%. In other words, when tested against historical
data, the forecasting methodology was correct 88% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Lansing is 88% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 3rd Quarter of 2019 than they were in the 3rd
Quarter of 2018. Check this page each quarter for updates to the Lansing Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      81%

The forecast for the trend in the Lansing housing market for the 3 years ending
with the 3rd Quarter of 2021 is UP. The Accuracy of the Trend Prediction for
Lansing 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
Lansing is 81% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 3rd Quarter of 2021 than they were in the 3rd
Quarter of 2018. Check this page each quarter for updates to the Lansing Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2018 Housing Data: Lansing, Michigan


Historical Home Price Appreciation
Last Quarter                         2.04%
Last Year                              7.5%
Last 5 Years                         34%
Last 10 Years                       15%
Last 20 Years                       43%
Decline From All Time High   1.23%


Annual Home Price Appreciation Rates
1988      3.96%
1989      5.91%
1990      2.89%
1991      4.80%
1992      2.60%
1993      1.77%
1994      4.65%
1995      5.82%
1996      6.07%
1997      5.80%
1998      4.18%
1999      5.57%
2000      7.23%
2001      5.74%
2002      5.09%
2003      5.38%
2004      5.13%
2005      3.29%
2006      -2.32%
2007      -4.75%
2008      -8.38%
2009      -8.84%
2010      -2.60%
2011      -4.15%
2012      -0.69%
2013      2.06%
2014      7.54%
2015      2.95%
2016      6.55%
2017      6.21%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              2.04%         Rank: 141 of 381 (63rd Percentile)
Last Year  . . . . . . . . . . . . . . . .  7.5%           Rank: 127 of 381 (66th Percentile)
Last 5 Years                              34%            Rank: 114 of 381 (70th Percentile)
Last 10 Years  . . . . . . . . . . . .   15%            Rank: 207 of 381 (45th Percentile)
Last 20 Years                            43%            Rank: 343 of 379 (9th Percentile)
Decline From All Time High        1.23%

The change in home prices for Lansing-East Lansing, MI are shown above for
five time periods. For example: Lansing appreciated 2.04% in the Last Quarter.
At that rate, the Lansing Real Estate Market was ranked 141st out of 381
metropolitan Real Estate Markets. Lansing was in the 63rd percentile. So
Lansing, MI performed better in the Last Quarter than 63% of the 381
metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2018 Housing Statistics: Lansing, Michigan

The data and analysis on this page pertains to Lansing-East Lansing, MI,
hereinafter referred to as "Lansing". The all time high in the Lansing Home
Price Index was 176.6 in the 4th Quarter, of 2005. The 3rd Quarter, 2018 index
value was 174.5. That's a decline of 2.18 points or 1.23% below the Lansing
Home Price Index all time high.  The Home Price Index indicates that the
Lansing Market is up 15% over the last 10 years. Home prices in the Lansing
Real Estate Market have gained 7.46% over the last 12 months. Over the last
thirty years, it is up 120%.

The 3rd Quarter index value was 3.48 points higher than the 2nd Quarter, 2018
index value of 170.98, resulting in a 2.04% rise in the 3rd Quarter for the
Lansing Market.

The Lansing Home Price Index has increased for the last 10 consecutive
quarters. The current record holders for consecutive increases in the Home
Price Index are Phoenix, AZ; Houston, TX and Boise City, ID, with increases in
the last 29 consecutive quarters. The current record holders for consecutive
declines in the Home Price Index are Winchester, VA; Trenton, NJ; Peoria, IL;
Great Falls, MT and Fayetteville, NC, with declines in the last 2 consecutive
quarters.

The highest annual change in the value of houses in the Lansing Real Estate
Market was 21% in the twelve months ended with the 4th Quarter of 1979. The
worst annual change in home values  in the Lansing Market was -22% in the
twelve months ended with the 4th Quarter of 1982.

The highest growth in home values in the Lansing Real Estate Market over a
three year period was 44% in the three years ended with the 3rd Quarter of
1981. The worst performance over a three year period in the Lansing Market
was -22% in the three years ended with the 2nd Quarter of 2010.

This page provides a long term graph of the Lansing Home Price Index (above).
For information about Michigan 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 Lansing 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 Lansing 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 Lansing 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, 2018 Housing Data: Lansing, Michigan

The trend of Lansing 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. The data and analysis on this page pertains
to Lansing-East Lansing, MI, hereinafter referred to as "Lansing".

Last Quarter:
During the 3rd Quarter of 2018, Lansing Home Prices had a rank of 141, with
appreciation of 2.04%. The top performing real estate market during the 3rd
Quarter was Sumter, SC, with a rise of 13.55%. The worst market during that
period was Cumberland, MD, with appreciation of -5.75%.
The median for all cities during the 3rd Quarter was 1.57%. The average for all
markets during the quarter was 1.54%.

Last Year:
During the last 12 months, Lansing Home Prices had a rank of 127, with
appreciation during the year of 7.46%. The top performing market during the
last year was Las Vegas, NV, with an increase of 18.1%. The worst real estate
market during that period was Cumberland, MD, with appreciation of -5.6%.
The median for all markets during this period was 6.14%. The average was
6.07%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2018, Lansing Home Prices
ranked 114, with a total appreciation of 33.9%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 81%.
The worst market during that period was Jacksonville, NC, with appreciation of
-2%.
The median for all cities during this time period was 24%. The average over the
5 years was 28%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2018, Lansing Home Prices
had a rank of 207, with appreciation during the decade of 15%. The top
performing market during the period was Denver, CO, with a rise of 83%. The
worst real estate market during the 10 year time period was Vineland, NJ, with
appreciation of -19%.
The median for all markets during the last 10 years was 18%. The average for
the cities over that time frame was 20%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2018, Lansing Home Prices
had a rank of 343, with total growth over the 20 year period of 43%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 289%. The worst market during the last 20 years was Saginaw, MI,
with appreciation of 21%.
The median for all cities during the last 20 years was 83%. The average for the
markets over that time frame was 92%.

Historical research data on the Home Price Index for the Lansing Real Estate
Market is available back to the 2nd Quarter, of 1978. All calculations are based
on the quarterly value of the House Price Index for Lansing. 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.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Wednesday, January 2, 2019.
SignalTrend  Inc. 2008 - 2019; All rights reserved.




_____________________________________________________________
Report a Problem with this Page    Contact Us     Privacy Policy    Terms of Use/Disclosure
LittleBigHomes.com
1975
1980
1985
1990
1995
2000
2005
2010
2035
2015
2020
2025
2030