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Albany, NY - House Price Index (HPI) - 28 Year Chart
Albany Real Estate Market (NY)
100
1000
The House Price Index (HPI) shows changes in Albany-Schenectady-Troy, NY single family home
prices in logarithmic scale. The March, 1995 index value equals 100.  Updated Wednesday, January
25, 2012. Real estate forecasts, analysis, statistics and appreciation rates are provided below.
Albany Real Estate Index: 28 Year Chart
Home Values Appreciation Rate - US Cities
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Albany Real Estate Market: Trend, Analysis & Statistics
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Commentary  9301
3rd Quarter, 2011 Housing Statistics: Albany, New York


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      81%

Forecast-Chart.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 Albany housing market for the 12
months ending with the 3rd Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Albany is 81%. In other words, when tested against
historical data, the forecasting methodology was correct 81% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Albany is 81% during this period. If this Housing Market Forecast is
correct, home prices will be lower in the 3rd Quarter of 2012 than they were in
the 3rd Quarter of 2011. Check this page each quarter for updates to the
Albany Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      77%

The forecast for the trend in the Albany housing market for the 3 years ending
with the 3rd Quarter of 2014 is DOWN. The Accuracy of the Trend Forecast for
Albany is 77%. In other words, when tested against historical data, the
forecasting methodology was correct 77% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Albany is 77% during this period. If this Housing Market Forecast is correct,
home prices will be lower in the 3rd Quarter of 2014 than they were in the 3rd
Quarter of 2011. Check this page each quarter for updates to the Albany Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2011 Housing Data: Albany, New York


Historical Home Price Appreciation
Last Quarter                                     -0.61%
Last Year . . . . . . . . . . . . . . . . . . . .  -1.9%
Last 5 Years                                     0%
Last 10 Years . . . . . . . . . . . . . . . . . 66%
Last 20 Years                                   80%
Decline From All Time High               3.96%


Annual Home Price Appreciation Rates
1981        n/a
1982        n/a
1983      13.38%
1984      12.63%
1985      10.31%
1986      27.04%
1987      16.51%
1988      9.80%
1989      3.77%
1990      1.07%
1991      1.17%
1992      1.78%
1993      -0.32%
1994      -4.28%
1995      -0.95%
1996      -2.62%
1997      1.96%
1998      2.26%
1999      -0.64%
2000      4.78%
2001      6.42%
2002      8.37%
2003      10.83%
2004      14.69%
2005      13.95%
2006      6.03%
2007      2.30%
2008      -0.96%
2009      -1.19%
2010      0.52%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.61%        Rank: 311 of 381 (18th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -1.9%          Rank: 118 of 381 (69th Percentile)
Last 5 Years                              0%              Rank: 123 of 381 (67th Percentile)
Last 10 Years  . . . . . . . . . . . .   66%            Rank: 7 of 381 (98th Percentile)
Last 20 Years                            80%            Rank: 215 of 351 (38th Percentile)
Decline From All Time High        3.96%

Home Price appreciation rates for Albany-Schenectady-Troy, NY are shown
above for five time periods. For example: Albany appreciated -0.61% in the Last
Quarter. At that rate, the Albany Real Estate Market was ranked 311th out of
381 metropolitan areas for Real Estate Appreciation. Albany was in the 18th
percentile. So Albany, NY performed better in the Last Quarter than 18% of the
381 metropolitan areas covered in Forecast-Chart.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2011 Housing Statistics: Albany, New York

The data and analysis on this page pertains to Albany-Schenectady-Troy, NY,
hereinafter referred to as "Albany". The all time high in the Albany Home Price
Index was 197.2 in the 1st Quarter, of 2008. The 3rd Quarter, 2011 index value
was 189.4. That's a decline of 7.81 points or 3.96% below the Albany Home
Price Index all time high.  The Home Price Index indicates that the Albany
Market is up 66% over the last 10 years. Home Prices in the Albany Real Estate
Market have lost 1.93% over the last 12 months. Over the last thirty years, it is
up 336%.

The 3rd Quarter index value was 1.17 points lower than the 2nd Quarter, 2011
index value of 190.59, resulting in a 0.61% decline for the 3rd Quarter in the
Albany Market.

The Albany Home Price Index declined in the last quarter after increasing in the
previous quarter. The current record holder for consecutive declines in the
Home Price Index is Las Vegas, NV, with declines in the last 19 consecutive
quarters. The current record holder for consecutive increases in the Home
Price Index is Bismarck, ND, with increases in the last 6 consecutive quarters.

The highest annual home appreciation rate in the Albany Real Estate Market
was 27% in the twelve months ended with the 4th Quarter of 1986. The worst
annual home appreciation rate in the Albany Market was -7% in the twelve
months ended with the 1st Quarter of 1995.

The highest home appreciation in the Albany Real Estate Market over a three
year period was 64% in the three years ended with the 1st Quarter of 1988.
The worst home appreciation over a three year period in the Albany Market was
-8% in the three years ended with the 4th Quarter of 1996.

This page provides a long term graph of the Albany Home Price Index (above).
The house price chart has been updated through the 3rd Quarter of 2011. For
more information about Albany Home Prices, look at the links under that chart.
One link opens a long term chart of historical appreciation rates for the Albany
Real Estate Market. Another opens a forecast for appreciation rates in the state
of New York. Just one glance at Forecast-Chart.com's long term charts can
provide tremendous insight into the historical trends of residential property
values. Bookmark this page! Then Forecast-Chart.com's detailed research and
statistics about Albany Home Prices will be at your fingertips when you need
them.

Historical data on the Albany Home Price Index is available back to the 2nd
Quarter, of 1980. All calculations are based on the quarterly value of the House
Price Index for the Albany 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 Albany 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, 2011 Housing Data: Albany, New York

The appreciation of Albany 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 Albany-Schenectady-Troy, NY, hereinafter referred to as "Albany".

Last Quarter:
During the 3rd Quarter of 2011, Albany Home Prices had a rank of 311, with
appreciation of -0.61%. The top performing real estate market during the 3rd
Quarter was Lewiston, ID, with appreciation of 7.64%. The worst market during
that period was Sumter, SC, with appreciation of -5.30%.
The median appreciation for all cities during the 3rd Quarter was 0.70%. The
average appreciation for all markets during the quarter was 0.72%.

Last Year:
During the last 12 months, Albany Home Prices had a rank of 118, with
appreciation during the year of -1.93%. The top performing market during the
last year was Elmira, NY, with appreciation of 6.1%. The worst real estate
market during that period was Carson City, NV, with appreciation of -15.4%.
The median appreciation for all markets during this period was -3.41%. The
average appreciation was -4.02%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2011, Albany Home Prices
ranked 123, with a total appreciation of 0.5%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 27%. The
worst market during that period was Merced, CA, with appreciation of -64%.
The median appreciation for all cities during this time period was -6%. The
average appreciation over the 5 years was -10%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2011, Albany Home Prices had
a rank of 7, with appreciation during the decade of 66%. The top performing
market during the period was Midland, TX, with appreciation of 92%. The worst
real estate market during the 10 year time period was Detroit, MI, with
appreciation of -29%.
The median appreciation for all markets during the last 10 years was 26%. The
average appreciation for the cities over that time frame was 26%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2011, Albany Home Prices had
a rank of 215, with total appreciation over the 20 year period of 80%. The top
performing real estate market during the period was Casper, WY, with
appreciation of 214%. The worst market during the last 20 years was Merced,
CA, with appreciation of 6%.
The median appreciation for all cities during the last 20 years was 87%. The
average appreciation for the markets over that time frame was 89%.

Historical research data on the Home Price Index for the Albany Real Estate
Market is available back to the 2nd Quarter, of 1980. All calculations are based
on the quarterly value of the House Price Index for Albany. Real estate
appreciation figures represent total appreciation over each time period. (Unless
specifically stated, the appreciation figures do not represent annual or quarterly
rates of appreciation.)



PART 5: NATIONAL ECONOMIC FORECASTS
Local economies and home values are influenced in varying degrees by
national economic conditions. Forecasts for some relevant indicators are
included below. The date shown to the right of the forecast represents the
target date of the forecast.   Abbreviations: SSAR (Seasonally Adjusted Annual
Rate),  Q1 (First Quarter),  Q2 (Second Quarter),  etc.

U. S. Home Values (12 Month Appreciation or Depreciation)  -1.9%  (2012-Q4)
30 Year Mortgage Interest Rate:  3.25%  (December, 2012)
15 Year Mortgage Rate:  2.93%  (December, 2012)
Adjustable Rate Mortgage Rate:  0.00%  (December, 2012)
Housing Starts (SSAR in 1000's):  732  (November, 2012)
Prime Interest Rate:  0.11%  (December, 2012)
US Unemployment Rate (Overall):  8.63%  (November, 2012)
US Inflation or Deflation (-):  3.04%  (November, 2012)
Crude Oil Prices (Dollars per Barrel):  $92.4  (November, 2012)
Natural Gas Prices (Dollars Per Million BTU):  $3.37  (November, 2012)
U.S. Dollar Trade Weighted Currency Exchange Index:   105  (December, 2012)
GDP (Gross Domestic Product) SSAR in Trillions:  $15.6  (2012-Q2)
GNP (Gross National Product) SSAR in Trillions:  $16.0  (2012-Q2)
Federal Surplus or Deficit (-) in Billions:  $-1704  (2011)
National Debt (Trillions):  $14.6  (2012-Q2)
Fed Funds Rate:  4.03%  (December, 2012)
S&P 500 (Standard & Poor's 500 Stock Index):  1245  (December, 2012)
DJIA (Dow Jones Industrial Average):  12030  (December, 2012)
U. S. Exports (SSAR in Billions):  $2338  (2012-Q2)
U. S. Imports (SSAR in Billions):  $3042  (2012-Q2)
U. S. Personal Savings Rate:  4.61%  (November, 2012)

































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