Q3 FHFA Data

The Federal Housing Finance Agency (FHFA) just released their Third Quarter House Price Index (HPI) data. As you can see in the chart below, Boulder, Denver and Colorado remain off their 2016 peaks in annual price appreciation yet remained clustered in the positive appreciation area right around 10% annual appreciation, not too shabby.  This might drop further as the latest quarterly readings were clustered around 1% appreciation for the Third Quarter of 2018. Interestingly, Boulder County had been lagging Denver and the rest of Colorado for the past year or so and has accelerated back to match their appreciation rates.

While Boulder, Denver and Colorado have all sunk in the rankings for short term appreciation, the long term appreciation for these areas remains some of the best in the country.

  1 Quarter 1 Year 5 Year Since 1991
Boulder .84% – 181st 9.88% – 41st 61.54% – 19th 415.25% – 1st
Denver 1.29% – 152nd 9.97% – 37th 66.63% – 11th 373.34% – 2nd
Ft. Collins 2.67% – 48th 8.64% – 59th 60.41% – 21st 341.12% – 6th
Greeley 4.35% – 10th 10.53% – 27th 70.92% – 4th 293.11% – 13th
 
Colorado 1.7% – 11th 9.16% – 5th 58.76% – 2nd 366.03% – 2nd

 

The FHFA HPI index is a very lagging indicator, we won’t see Fourth Quarter 2018 data until February 26th, 2019. That data release will be very telling, was our Fourth Quarter as slow as it felt to some? Will we not be worried by then as the spring market frenzy cranks back up?  All good questions that we’ll answer next year!

I hope everyone has a wonderful holiday season.

 

 

Posted on December 15, 2018 at 10:47 pm
Michael Malec | Category: Uncategorized

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