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York, PA - House Price Index (HPI) - 24 Year Chart
York Real Estate Market
100
1000
The House Price Index (HPI) shows changes in York-Hanover, PA single family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Updated Friday, September 30, 2011.
Real estate forecasts, analysis, statistics and appreciation rates are provided below.
York Real Estate Index: 24 Year Chart
Home Values Appreciation Rate - US Cities
10
York Real Estate Market: Trend, Analysis & Statistics
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Commentary  8913
3rd Quarter, 2011 Housing Statistics: York, Pennsylvania


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      86%

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 York housing market for the 12 months
ending with the 3rd Quarter of 2012 is DOWN. The Accuracy of the Trend
Forecast for York is 86%. In other words, when tested against historical data,
the forecasting methodology was correct 86% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
York is 86% 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 York Real Estate
Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      87%

The forecast for the trend in the York housing market for the 3 years ending
with the 3rd Quarter of 2014 is DOWN. The Accuracy of the Trend Forecast for
York is 87%. In other words, when tested against historical data, the forecasting
methodology was correct 87% of the time. Accordingly, Forecast-Chart.com
estimates that the probability for falling house prices in York is 87% 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 York Real Estate Market Forecast.




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


Historical Home Price Appreciation
Last Quarter                         -0.16%
Last Year                              -6.1%
Last 5 Years                         -10%
Last 10 Years                       37%
Last 20 Years                       74%
Decline From All Time High   13.48%


Annual Home Price Appreciation Rates
1981        n/a
1982        n/a
1983        n/a
1984        n/a
1985      7.57%
1986      5.39%
1987      13.60%
1988      6.83%
1989      7.92%
1990      2.25%
1991      4.40%
1992      3.32%
1993      1.62%
1994      -0.10%
1995      4.60%
1996      -1.39%
1997      3.42%
1998      3.46%
1999      0.49%
2000      1.51%
2001      5.22%
2002      4.02%
2003      6.60%
2004      10.20%
2005      15.84%
2006      8.22%
2007      2.32%
2008      -2.89%
2009      -5.09%
2010      -1.13%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.16%        Rank: 271 of 381 (28th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -6.1%          Rank: 290 of 381 (23rd Percentile)
Last 5 Years                              -10%           Rank: 232 of 381 (39th Percentile)
Last 10 Years  . . . . . . . . . . . .   37%            Rank: 101 of 381 (73rd Percentile)
Last 20 Years                            74%            Rank: 240 of 351 (31st Percentile)
Decline From All Time High        13.48%

Home Price appreciation rates for York-Hanover, PA are shown above for five
time periods. For example: York appreciated -0.16% in the Last Quarter. At that
rate, the York Real Estate Market was ranked 271st out of 381 metropolitan
areas for Real Estate Appreciation. York was in the 28th percentile. So York,
PA performed better in the Last Quarter than 28% of the 381 metropolitan
areas covered in Forecast-Chart.com.

























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

The data and analysis on this page pertains to York-Hanover, PA, hereinafter
referred to as "York". The all time high in the York Home Price Index was 188.6
in the 1st Quarter, of 2008. The 3rd Quarter, 2011 index value was 163.2.
That's a decline of 25.42 points or 13.48% below the York Home Price Index all
time high.  The Home Price Index indicates that the York Market is up 37% over
the last 10 years. Home Prices in the York Real Estate Market have lost 6.09%
over the last 12 months.

The 3rd Quarter index value was 0.26 points lower than the 2nd Quarter, 2011
index value of 163.44, resulting in a 0.16% decline for the 3rd Quarter in the
York Market.

The York Home Price Index has declined for the last 4 consecutive quarters.
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 York Real Estate Market was
16% in the twelve months ended with the 1st Quarter of 2006. The worst annual
home appreciation rate in the York Market was -6% in the twelve months ended
with the 3rd Quarter of 2011.

The highest home appreciation in the York Real Estate Market over a three
year period was 40% in the three years ended with the 3rd Quarter of 2006.
The worst home appreciation over a three year period in the York Market was
-12% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the York Home Price Index (above).
The house price chart has been updated through the 3rd Quarter of 2011. For
more information about York Home Prices, look at the links under that chart.
One link opens a long term chart of historical appreciation rates for the York
Real Estate Market. Another opens a forecast for appreciation rates in the state
of Pennsylvania. 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 York Home Prices will be at your fingertips when you need them.

Historical data on the York Home Price Index is available back to the 4th
Quarter, of 1984. All calculations are based on the quarterly value of the House
Price Index for the 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 time is required to research quarterly sales price and appraisal data
from mortgage transactions in the 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 4: APPRECIATION RATES & RANKINGS
3rd Quarter, 2011 Housing Data: York, Pennsylvania

The appreciation of 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 York-Hanover, PA, hereinafter referred to as "York".

Last Quarter:
During the 3rd Quarter of 2011, York Home Prices had a rank of 271, with
appreciation of -0.16%. 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, York Home Prices had a rank of 290, with
appreciation during the year of -6.09%. 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, York Home Prices ranked
232, with a total appreciation of -10.2%. 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, York Home Prices had a
rank of 101, with appreciation during the decade of 37%. 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, York Home Prices had a
rank of 240, with total appreciation over the 20 year period of 74%. 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 York Real Estate
Market is available back to the 4th Quarter, of 1984. The chart has been
updated through the 3rd Quarter of 2011. All calculations are based on the
quarterly value of the House Price Index for 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 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)  -6.9%  (2012-Q3)
30 Year Mortgage Interest Rate:  3.25%  (November, 2012)
15 Year Mortgage Rate:  2.95%  (November, 2012)
Adjustable Rate Mortgage Rate:  0.00%  (November, 2012)
Housing Starts (SSAR in 1000's):  732  (November, 2012)
Prime Interest Rate:  0.11%  (November, 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:  4.11%  (November, 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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