Springfield, MO (44180)

Local Market Report

Home Price Forecast

Last Update: 11/03/2010

Home Value Forecast and

Equilibrium Home Price
Home values for Springfield, MO are forecast to remain
constant over the next 12 months. Nationally, prices are
forecast to decrease by 3 percent.
Home Value Forecast vs. Actual
Home prices in this market over the long-term are
expected to remain unchanged in the next 24 months,
and increase 1% over the next 36 months.

This market has balanced prices. Income growth is

relatively more important in determining future home
values. Future market income growth is estimated from
current job growth in a market and an estimate of overall
growth of the national economy.

Home prices in this market peaked in Q1 2008 at

$147,054. Since their peak, prices have fallen by 5%.
The Average Home Value in this market is currently
$140,415 as of Q4 2010.

The Equilibrium Home Price in this market is currently

$162,833 as of Q4 2010. The market is currently in
Equilibrium Home Price vs. Actual
balance. Prices in this market are currently 41 percent
lower than the national average.

The Equilibrium Home Price allows us to determine if a

market is in balance or is over-priced, by comparing the
calculated Equilibrium Price with the actual average home
value. Over-priced markets always return to the
Equilibrium Home Price, and the greater the difference
between actual and Equilibrium prices, the greater the
risk of an eventual sharp drop in prices.

The information provided herein is for informational purposes only. It provides general information and not accounting, investments, legal or other professional advice or
opinions regarding specific facts. Local Market Monitor, Inc is not acting as investment advisor and the information contained herein is not an offer or sale of securities.
© Local Market Monitor, Inc. (2004-2011). All rights reserved.

Springfield, MO (44180)
 Springfield, MO (44180)
Local Market Report

Equilibrium Home Price Forecast

MARKET METRIC UPDATE

Equilibrium Home Price,

Housing Permits and
Vacancy Rates
The Equilibrium Home Price for this
market is forecasted to be $172,166 in
2011, $182,010 in 2012, and $192,416 in
2013. Based on the forecasted actual
home values in this market, the market
will be under-priced in 2011, under-priced
in 2012, and under-priced in 2013.

Total housing permits in November 2010

Monthly Housing Permits
were -3 percent versus the same month
in the previous year. Single family permits
in November 2010 were +13 percent
versus the same month in the previous
year. Single family permits were 61
percent of total permits in November
2010. Single family permits have
averaged 55 percent of total permits over
the past 5 years.

Rental Vacancy Rate rose from 10.4

percent in Q3 2009 to 12.8 percent in Q3
2010. Local Rental Vacancy Rate was
higher than the national rate of 10.3
percent in Q3 2010. Owner Vacancy
Rate fell from 2.6 percent in Q3 2009 to
Quarterly Vacancy Rate State of Missouri
2.4 percent in Q3 2010. Local Owner
Vacancy Rate was lower than the
national rate of 2.5 percent in Q3 2010.

The information provided herein is for informational purposes only. It provides general information and not accounting, investments, legal or other professional advice or
opinions regarding specific facts. Local Market Monitor, Inc is not acting as investment advisor and the information contained herein is not an offer or sale of securities.
© Local Market Monitor, Inc. (2004-2011). All rights reserved.

Springfield, MO (44180)
 Springfield, MO (44180)
Local Market Report

Monthly Unemployment Rate

MARKET METRIC
UPDATE

Employment
The unemployment rate in October
2010 was 8.0% versus 8.6% for the
same month in the previous year.

In the past 12 months, jobs in this

market have grown by 1.4 percent.
This compares to a national increase
of 0.2 percent.

Total Non-Farm Employment was

194,800 in November 2010. Job gains
Monthly Job Growth Rates over past year were seen in
Wholesale Trade, Education and
Health Services, Other Services, and
Government. Biggest job losses over
past year by percentage were in
Information, Mining, and Logging and
Construction.

Employment by Industry
November November
Industry Change % Change
2009 2010

Mining, Logging and Construction 9.0K 7.9K -1.1K -12.2

Manufacturing 14.5K 13.2K -1.3K -9.0

Wholesale Trade 9.9K 10.0K 0.1K +1.0

Retail Trade 26.1K 24.8K -1.3K -5.0

Transportation and Utilities 10.0K 10.0K 0.0K +0.0

Information 4.4K 3.6K -0.8K -18.2

Financial Activities 12.2K 11.5K -0.7K -5.7

Professional and Business Services 19.0K 18.2K -0.8K -4.2

Education and Health Services 37.8K 39.4K 1.6K +4.2

Leisure and Hospitality 18.6K 17.6K -1.0K -5.4

Other Services 8.2K 8.4K 0.2K +2.4

Government 28.7K 30.2K 1.5K +5.2

The information provided herein is for informational purposes only. It provides general information and not accounting, investments, legal or other professional advice or
opinions regarding specific facts. Local Market Monitor, Inc is not acting as investment advisor and the information contained herein is not an offer or sale of securities.
© Local Market Monitor, Inc. (2004-2011). All rights reserved.
 Springfield, MO (44180)
Local Market Report

Annual Change in Home Values

MARKET METRIC UPDATE

Annual Home Value Trends

and Population
The population in this market grew 2%
from 2007 to 2008. The population in the
US grew less than 1% from 2007 to
2008.

Population

The information provided herein is for informational purposes only. It provides general information and not accounting, investments, legal or other professional advice or
opinions regarding specific facts. Local Market Monitor, Inc is not acting as investment advisor and the information contained herein is not an offer or sale of securities.
© Local Market Monitor, Inc. (2004-2011). All rights reserved.