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New York, NY - House Price Index (HPI) - 32 Year Chart
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New York Real Estate Market
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1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010
The House Price Index (HPI) shows changes in New York-White Plains-Wayne, NY-NJ single family
home prices in logarithmic scale. The March, 1995 index value equals 100. Updated Tuesday, June
29, 2010. Click Real Estate Forecast or New York City Home Appreciation Rate links below.
New York Real Estate Market: Trend, Analysis & Statistics
Commentary 4207
Part 1: MARKET SUMMARY
1st Quarter, 2010 Data: New York, New York
Historical Home Price Appreciation
Last Quarter -1.01%
Last Year -6.5%
Last 5 Years 3%
Last 10 Years 84%
Last 20 Years 123%
Decline From All Time High 12.74%
Annual Home Price Appreciation Rates
1980 9.69%
1981 10.46%
1982 5.40%
1983 15.03%
1984 18.98%
1985 20.17%
1986 24.90%
1987 17.42%
1988 3.54%
1989 -0.04%
1990 -6.30%
1991 -1.16%
1992 1.49%
1993 0.81%
1994 -3.11%
1995 3.46%
1996 0.89%
1997 3.98%
1998 5.63%
1999 10.00%
2000 11.35%
2001 10.80%
2002 12.37%
2003 11.59%
2004 15.22%
2005 15.36%
2006 5.10%
2007 -0.55%
2008 -5.83%
2009 -5.37%
Real Estate Appreciation, Rank & Percentile
Last Quarter -1.01% Rank: 151 of 381 (60th Percentile)
Last Year . . . . . . . . . . . . . . . . -6.5% Rank: 235 of 381 (38th Percentile)
Last 5 Years 3% Rank: 230 of 381 (39th Percentile)
Last 10 Years . . . . . . . . . . . . 84% Rank: 18 of 380 (95th Percentile)
Last 20 Years 123% Rank: 84 of 341 (75th Percentile)
Decline From All Time High 12.74%
Home Price appreciation rates for New York-White Plains-Wayne, NY-NJ are
shown above for five time periods. For example: New York appreciated -1.01%
in the Last Quarter. At that rate, the New York Real Estate Market was ranked
151st out of 381 metropolitan areas for Real Estate Appreciation. New York was
in the 60th percentile. So New York, NY performed better in the Last Quarter
than 60% of the 381 metropolitan areas covered in ForecastChart.com.
Part 2: MARKET HIGHLIGHTS
1st Quarter, 2010 Data: New York, New York
The data and analysis on this page pertains to New York-White Plains-Wayne,
NY-NJ, hereinafter referred to as "New York". The all time high in the New York
Home Price Index was 273.3 in the 1st Quarter, of 2007. The 1st Quarter, 2010
index value was 238.5. That's a decline of 34.81 points or 12.74% below the
New York Home Price Index all time high. The Home Price Index indicates that
the New York Market is up 84% over the last 10 years. Home Prices in the New
York Real Estate Market have lost 6.46% over the last 12 months. Over the last
thirty years, it is up 559%.
The 1st Quarter index value was 2.44 points lower than the 4th Quarter, 2009
index value of 240.89, resulting in a 1.01% decline for the 1st Quarter in the
New York Market.
The New York Home Price Index has declined for the last 4 consecutive
quarters. The current record holders for consecutive declines in the Home Price
Index are San Luis Obispo, CA; Reno, NV and Napa, CA, with declines in the
last 16 consecutive quarters. The current record holder for consecutive
increases in the Home Price Index is Springfield, IL, with increases in the last 3
consecutive quarters.
The highest annual home appreciation rate in the New York Real Estate Market
was 25% in the twelve months ended with the 3rd Quarter of 1986. The worst
annual home appreciation rate in the New York Market was -6% in the twelve
months ended with the 1st Quarter of 2010.
The highest home appreciation in the New York Real Estate Market over a
three year period was 82% in the three years ended with the 1st Quarter of
1987. The worst home appreciation over a three year period in the New York
Market was -13% in the three years ended with the 1st Quarter of 2010.
This page provides a long term graph of the New York Home Price Index
(above). The chart has been updated through the 1st Quarter of 2010. For
more information about New York Home Prices, look at the links under that
chart. One link opens a long term chart of historical appreciation rates for the
New York Real Estate Market. Another opens a forecast for appreciation rates
in the state of New York. Just one glance at our long term charts can provide
tremendous insight into the historical trends of residential property values.
Bookmark this page! Then ForecastChart.com's detailed statistics about New
York Home Prices will be at your fingertips when you need them.
Historical data on the New York Home Price Index is available back to the 1st
Quarter, of 1976. All calculations are based on the quarterly value of the House
Price Index for the New York 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 is time required to gather quarterly sales price and appraisal data
from mortgage transactions in the New York 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 3: APPRECIATION RATES & RANKINGS
1st Quarter, 2010 Data: New York, New York
The appreciation of New York 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 New York-White Plains-Wayne, NY-NJ, hereinafter referred to as "New York".
Last Quarter:
During the 1st Quarter of 2010, New York Home Prices had a rank of 151, with
appreciation of -1.01%. The top performing real estate market during the 1st
Quarter was Punta Gorda, FL, with appreciation of 2.90%. The worst market
during that period was Gainesville, GA, with appreciation of -7.15%.
The median appreciation for all cities during the 1st Quarter was -1.32%. The
average appreciation for all markets during the quarter was -1.49%.
Last Year:
During the last 12 months, New York Home Prices had a rank of 235, with
appreciation during the year of -6.46%. The top performing market during the
last year was Pine Bluff, AR, with appreciation of 2.5%. The worst real estate
market during that period was Bend, OR, with appreciation of -23.0%.
The median appreciation for all markets during this period was -5.11%. The
average appreciation was -5.97%.
Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2010, New York Home Prices
ranked 230, with a total appreciation of 3.3%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 57%. The
worst market during that period was Merced, CA, with appreciation of -49%.
The median appreciation for all cities during this time period was 8%. The
average appreciation over the 5 years was 5%.
Last 10 Years:
During the 10 years ended in the 1st Quarter of 2010, New York Home Prices
had a rank of 18, with appreciation during the decade of 84%. The top
performing market during the period was Ocean City, NJ, with appreciation of
111%. The worst real estate market during the 10 year time period was Detroit,
MI, with appreciation of -17%.
The median appreciation for all markets during the last 10 years was 44%. The
average appreciation for the cities over that time frame was 45%.
Last 20 Years:
During the 20 years ended in the 1st Quarter of 2010, New York Home Prices
had a rank of 84, with total appreciation over the 20 year period of 123%. The
top performing real estate market during the period was Missoula, MT, with
appreciation of 269%. The worst market during the last 20 years was Modesto,
CA, with appreciation of 28%.
The median appreciation for all cities during the last 20 years was 100%. The
average appreciation for the markets over that time frame was 107%.
Historical data on the Home Price Index for the New York Real Estate Market is
available back to the 1st Quarter, of 1976. The chart has been updated
through the 1st Quarter of 2010. All calculations are based on the quarterly
value of the House Price Index for New York. 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 4: 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) -5% (2011-Q1)
30 Year Mortgage Interest Rate: 4.94% (June, 2011)
15 Year Mortgage Rate: 4.37% (June, 2011)
Adjustable Rate Mortgage Rate: 3.99% (June, 2011)
Housing Starts (SSAR in 1000's): 947 (May, 2011)
Prime Interest Rate: 3.25% (June, 2011)
US unemployment rate (Overall): 11.50% (May, 2011)
US Inflation or Deflation (-): 1.04% (May, 2011)
Crude Oil Prices (Dollars per Barrel): $68.8 (May, 2011)
Natural Gas Prices (Dollars Per Million BTU): $4.11 (May, 2011)
U. S. Dollar (Trade Weighted Currency Exchange Index): 105.96 (June, 2011)
GDP (Gross Domestic Product) SSAR in Trillions: $15.4 (2010-Q4)
GNP (Gross National Product) SSAR in Trillions: $14.8 (2010-Q4)
Federal Surplus or Deficit (-) in Billions: -2033 (2010)
National Debt (Trillions): $14.0 (2010-Q4)
Fed Funds Rate: 0.20% (June, 2011)
S&P 500 (Standard & Poor's 500 Stock Index): 1175 (June, 2011)
DJIA (Dow Jones Industrial Average): 10903 (June, 2011)
U. S. Exports (SSAR in Billions): 2123 (2010-Q4)
U. S. Imports (SSAR in Billions): 1893 (2010-Q4)
U. S. Personal Savings Rate: 4.28% (May, 2011)
Commentary 3445
Part 1: MARKET SUMMARY
4th Quarter, 2009 Data: New York, New York
Historical Home Price Appreciation
Last Quarter -1.07%
Last Year -5.8%
Last 5 Years 7%
Last 10 Years 91%
Last 20 Years 121%
Decline From All Time High 12.05%
Annual Home Price Appreciation Rates
1980 9.75%
1981 10.43%
1982 5.43%
1983 15.03%
1984 19.00%
1985 20.14%
1986 24.88%
1987 17.42%
1988 3.55%
1989 -0.03%
1990 -6.30%
1991 -1.15%
1992 1.48%
1993 0.81%
1994 -3.11%
1995 3.46%
1996 0.89%
1997 3.96%
1998 5.64%
1999 10.01%
2000 11.35%
2001 10.79%
2002 12.35%
2003 11.60%
2004 15.19%
2005 15.37%
2006 5.19%
2007 -0.43%
2008 -5.67%
2009 -5.83%
Part 2: MARKET HIGHLIGHTS
4th Quarter, 2009 Data: New York, New York
The data and analysis on this page pertains to New York-White Plains-Wayne,
NY-NJ, hereinafter referred to as "New York". The all time high in the New York
Home Price Index was 273.5 in the 1st Quarter, of 2007. The 4th Quarter, 2009
index value was 240.5. That's a decline of 32.95 points or 12.05% below the
New York Home Price Index all time high. The Home Price Index indicates that
the New York Market is up 91% over the last 10 years. Home Prices in the New
York Real Estate Market have lost 5.83% over the last 12 months. Over the last
thirty years, it is up 606%.
The 4th Quarter index value was 2.61 points lower than the 3rd Quarter, 2009
index value of 243.13, resulting in a 1.07% decline for the 4th Quarter in the
New York Market.
The New York Home Price Index has declined for the last 3 consecutive
quarters. The current record holders for consecutive declines in the Home Price
Index are San Luis Obispo, CA and Reno, NV, with declines in the last 15
consecutive quarters. The current record holders for consecutive increases in
the Home Price Index are Tulsa, OK; Syracuse, NY; Springfield, IL and
Goldsboro, NC, with increases in the last 2 consecutive quarters.
The highest annual home appreciation rate in the New York Real Estate Market
was 25% in the twelve months ended with the 3rd Quarter of 1986. The worst
annual home appreciation rate in the New York Market was -6% in the twelve
months ended with the 4th Quarter of 1990.
The highest home appreciation in the New York Real Estate Market over a
three year period was 82% in the three years ended with the 1st Quarter of
1987. The worst home appreciation over a three year period in the New York
Market was -12% in the three years ended with the 4th Quarter of 2009.
This page provides a long term graph of the New York Home Price Index
(above). The chart has been updated through the 4th Quarter of 2009. For
more information about New York Home Prices, look at the links under that
chart. One link opens a long term chart of historical appreciation rates for the
New York Real Estate Market. Another opens a forecast for appreciation rates
in the state of New York. Just one glance at our long term charts can provide
tremendous insight into the historical trends of residential property values.
Bookmark this page! Then ForecastChart.com's detailed statistics about New
York Home Prices will be at your fingertips when you need them.
Historical data on the New York Home Price Index is available back to the 1st
Quarter, of 1976. All calculations are based on the quarterly value of the House
Price Index for the New York 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 is time required to gather quarterly sales price and appraisal data
from mortgage transactions in the New York 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 3: APPRECIATION RATES & RANKINGS
4th Quarter, 2009 Data: New York, New York
The appreciation of New York 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 New York-White Plains-Wayne, NY-NJ, hereinafter referred to as "New York".
Last Quarter:
During the 4th Quarter of 2009, New York Home Prices had a rank of 221, with
appreciation of -1.07%. The top performing real estate market during the 4th
Quarter was Laredo, TX, with appreciation of 7.71%. The worst market during
that period was Naples, FL, with appreciation of -8.03%.
The median appreciation for all cities during the 4th Quarter was -0.78%. The
average appreciation for all markets during the quarter was -0.92%.
Last Year:
During the last 12 months, New York Home Prices had a rank of 273, with
appreciation during the year of -5.83%. The top performing market during the
last year was Weirton, OH, with appreciation of 6.8%. The worst real estate
market during that period was Bend, OR, with appreciation of -20.6%.
The median appreciation for all markets during this period was -2.75%. The
average appreciation was -3.89%.
Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2009, New York Home Prices
ranked 223, with a total appreciation of 7.3%. The top performing real estate
market during the 5 year period was Odessa, TX, with appreciation of 65%. The
worst market during that period was Merced, CA, with appreciation of -46%.
The median appreciation for all cities during this time period was 11%. The
average appreciation over the 5 years was 8%.
Last 10 Years:
During the 10 years ended in the 4th Quarter of 2009, New York Home Prices
had a rank of 15, with appreciation during the decade of 91%. The top
performing market during the period was Ocean City, NJ, with appreciation of
123%. The worst real estate market during the 10 year time period was Detroit,
MI, with appreciation of -14%.
The median appreciation for all markets during the last 10 years was 48%. The
average appreciation for the cities over that time frame was 50%.
Last 20 Years:
During the 20 years ended in the 4th Quarter of 2009, New York Home Prices
had a rank of 107, with total appreciation over the 20 year period of 121%. The
top performing real estate market during the period was Casper, WY, with
appreciation of 269%. The worst market during the last 20 years was Stockton,
CA, with appreciation of 35%.
The median appreciation for all cities during the last 20 years was 104%. The
average appreciation for the markets over that time frame was 112%.
Historical data on the Home Price Index for the New York Real Estate Market is
available back to the 1st Quarter, of 1976. The chart has been updated
through the 4th Quarter of 2009. All calculations are based on the quarterly
value of the House Price Index for New York. 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.)
Commentary 2683
Part 1: MARKET HIGHLIGHTS
3rd Quarter, 2009 Data: New York, New York
The following data and analysis pertain to New York-White Plains-Wayne,
NY-NJ, hereinafter referred to as "New York". The all time high in the New York
Home Price Index was 274.5 in the 1st Quarter, of 2007. The 3rd Quarter, 2009
index value was 243.8. That's a decline of 30.64 points or 11.16% below the
New York Home Price Index all time high. The Home Price Index indicates that
the New York Market is up 98% over the last 10 years. Home Prices in the New
York Real Estate Market have lost 5.56% over the last 12 months. Over the last
thirty years, it is up 630%.
The 3rd Quarter index value was 6.14 points lower than the 2nd Quarter, 2009
index value of 249.97, resulting in a 2.46% decline for the 3rd Quarter in the
New York Market.
The New York Home Price Index has declined for the last 7 consecutive
quarters. The current record holders for consecutive declines in the Home Price
Index are Santa Rosa, CA; San Luis Obispo, CA; San Diego, CA and Reno, NV,
with declines in the last 14 consecutive quarters. The current record holder for
consecutive increases in the Home Price Index is Lubbock, TX, with increases in
the last 8 consecutive quarters.
The highest annual home appreciation rate in the New York Real Estate Market
was 25% in the twelve months ended with the 1st Quarter of 1987. The worst
annual home appreciation rate in the New York Market was -6% in the twelve
months ended with the 4th Quarter of 1990.
The highest home appreciation in the New York Real Estate Market over a
three year period was 82% in the three years ended with the 1st Quarter of
1987. The worst home appreciation over a three year period in the New York
Market was -10% in the three years ended with the 3rd Quarter of 2009.
This page provides a long term graph of the New York Home Price Index
(above). The chart has been updated through the 3rd Quarter of 2009. For
more information about New York Home Prices, look at the links under that
chart. One link opens a long term chart of historical appreciation rates for the
New York Real Estate Market. Another opens a forecast for appreciation rates
in the state of New York. Just one glance at our long term charts can provide
tremendous insight into the historical trends of residential property values.
Bookmark this page! Then ForecastChart.com's detailed statistics about New
York Home Prices will be at your fingertips when you need them.
Historical data on the New York Home Price Index is available back to the 1st
Quarter, of 1976. All calculations are based on the quarterly value of the House
Price Index for the New York 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 is time required to gather quarterly sales price and appraisal data
from mortgage transactions in the New York 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 2: APPRECIATION RATES & RANKINGS
3rd Quarter, 2009 Data: New York, New York
The appreciation of New York 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 following data and analysis pertain to
New York-White Plains-Wayne, NY-NJ, hereinafter referred to as "New York".
Last Quarter:
During the 3rd Quarter of 2009, New York Home Prices had a rank of 263, with
appreciation of -2.46%. The top performing real estate market during the 3rd
Quarter was Hinesville, GA, with appreciation of 7.17%. The worst market
during that period was Las Vegas, NV, with appreciation of -8.45%.
The median appreciation for all cities during the 3rd Quarter was -1.60%. The
average appreciation for all markets during the quarter was -1.74%.
Last Year:
During the last 12 months, New York Home Prices had a rank of 273, with
appreciation during the year of -5.56%. The top performing market during the
last year was Wichita Falls, TX, with appreciation of 6.0%. The worst real estate
market during that period was El Centro, CA, with appreciation of -24.5%.
The median appreciation for all markets during this period was -1.89%. The
average appreciation was -3.28%.
Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2009, New York Home Prices
ranked 223, with a total appreciation of 11.2%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 72%. The
worst market during that period was Merced, CA, with appreciation of -46%.
The median appreciation for all cities during this time period was 13%. The
average appreciation over the 5 years was 12%.
Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2009, New York Home Prices
had a rank of 14, with appreciation during the decade of 98%. The top
performing market during the period was Ocean City, NJ, with appreciation of
135%. The worst real estate market during the 10 year time period was Detroit,
MI, with appreciation of -10%.
The median appreciation for all markets during the last 10 years was 51%. The
average appreciation for the cities over that time frame was 52%.
Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2009, New York Home Prices
had a rank of 107, with total appreciation over the 20 year period of 125%. The
top performing real estate market during the period was Missoula, MT, with
appreciation of 290%. The worst market during the last 20 years was Merced,
CA, with appreciation of 39%.
The median appreciation for all cities during the last 20 years was 108%. The
average appreciation for the markets over that time frame was 116%.
Historical data on the Home Price Index for the New York Real Estate Market is
available back to the 1st Quarter, of 1976. The chart has been updated
through the 3rd Quarter of 2009. All calculations are based on the quarterly
value of the House Price Index for New York. 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.)
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