__________________________________________
Richmond, VA - Home Price Appreciation Rate - 32 Year Graph
Annual appreciation rates for Richmond, VA single family home prices are shown in the graph above.
Source: House Price Index (HPI). Updated Tuesday, April 19, 2011. Click the link below for the Virginia
Real Estate Forecast.
Richmond Home Prices - Appreciation Rate
1/1980          1/1985           1/1990           1/1995          1/2000           1/2005          1/2010
8%
10%
12%
6%
4%
14%
16%
18%
-8%
-6%
-4%
-2%
0%
2%
-10%
Commentary  7681
1st Quarter, 2011 Data: Richmond, Virginia

Due to the time required to gather home sales price and appraisal data from
mortgage transactions for this and hundreds of other cities, Home Price data is
not available for a number of months after the end of each quarter.

The appreciation of Richmond 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.

Last Quarter:
During the 1st Quarter of 2011, Richmond Home Prices had a rank of 288, with
appreciation of -3.52%. The top performing real estate market during the 1st
Quarter was Mansfield, OH, with appreciation of 2.31%. The worst market
during that period was Boise City, ID, with appreciation of -8.86%.
The median appreciation for all cities during the 1st Quarter was -2.24%. The
average appreciation for all markets during the quarter was -2.29%.

Last Year:
During the last 12 months, Richmond Home Prices had a rank of 316, with
appreciation during the year of -5.43%. The top performing market during the
last year was Midland, TX, with appreciation of 4.5%. The worst real estate
market during that period was Boise City, ID, with appreciation of -15.2%.
The median appreciation for all markets during this period was -2.13%. The
average appreciation was -2.64%.

Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2011, Richmond Home Prices
ranked 233, with a total appreciation of -7.0%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 42%. The
worst market during that period was Merced, CA, with appreciation of -62%.
The median appreciation for all cities during this time period was -2%. The
average appreciation over the 5 years was -7%.

Last 10 Years:
During the 10 years ended in the 1st Quarter of 2011, Richmond Home Prices
had a rank of 68, with appreciation during the decade of 48%. The top
performing market during the period was Midland, TX, with appreciation of 94%.
The worst real estate market during the 10 year time period was Detroit, MI, with
appreciation of -26%.
The median appreciation for all markets during the last 10 years was 30%. The
average appreciation for the cities over that time frame was 31%.

Last 20 Years:
During the 20 years ended in the 1st Quarter of 2011, Richmond Home Prices
had a rank of 122, with total appreciation over the 20 year period of 102%. The
top performing real estate market during the period was Casper, WY, with
appreciation of 244%. The worst market during the last 20 years was Merced,
CA, with appreciation of 14%.
The median appreciation for all cities during the last 20 years was 90%. The
average appreciation for the markets over that time frame was 94%.

Historical research data on the Home Price Index for the Richmond Real Estate
Market is available back to the 4th Quarter, of 1976. The chart has been
updated through the 1st Quarter of 2011. All calculations are based on the
quarterly value of the House Price Index for Richmond. 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  6919
4th Quarter, 2010 Data: Richmond, Virginia

Due to the time required to gather home sales price and appraisal data from
mortgage transactions for this and hundreds of other cities, Home Price data is
not available for a number of months after the end of each quarter.

The appreciation of Richmond 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.

Last Quarter:
During the 4th Quarter of 2010, Richmond Home Prices had a rank of 156, with
appreciation of -0.48%. The top performing real estate market during the 4th
Quarter was Cape Coral, FL, with appreciation of 4.62%. The worst market
during that period was Sebastian, FL, with appreciation of -6.82%.
The median appreciation for all cities during the 4th Quarter was -0.68%. The
average appreciation for all markets during the quarter was -0.69%.

Last Year:
During the last 12 months, Richmond Home Prices had a rank of 289, with
appreciation during the year of -3.24%. The top performing market during the
last year was Bay City, MI, with appreciation of 6.1%. The worst real estate
market during that period was Reno, NV, with appreciation of -10.3%.
The median appreciation for all markets during this period was -1.13%. The
average appreciation was -1.71%.

Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2010, Richmond Home Prices
ranked 207, with a total appreciation of -0.6%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 44%. The
worst market during that period was Merced, CA, with appreciation of -60%.
The median appreciation for all cities during this time period was 1%. The
average appreciation over the 5 years was -4%.

Last 10 Years:
During the 10 years ended in the 4th Quarter of 2010, Richmond Home Prices
had a rank of 58, with appreciation during the decade of 57%. The top
performing market during the period was Honolulu, HI, with appreciation of
100%. The worst real estate market during the 10 year time period was Detroit,
MI, with appreciation of -22%.
The median appreciation for all markets during the last 10 years was 37%. The
average appreciation for the cities over that time frame was 38%.

Last 20 Years:
During the 20 years ended in the 4th Quarter of 2010, Richmond Home Prices
had a rank of 127, with total appreciation over the 20 year period of 108%. The
top performing real estate market during the period was Casper, WY, with
appreciation of 245%. The worst market during the last 20 years was Merced,
CA, with appreciation of 14%.
The median appreciation for all cities during the last 20 years was 97%. The
average appreciation for the markets over that time frame was 101%.

Historical research data on the Home Price Index for the Richmond Real Estate
Market is available back to the 4th Quarter, of 1976. The chart has been
updated through the 4th Quarter of 2010. All calculations are based on the
quarterly value of the House Price Index for Richmond. 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  5776
Part 1: MARKET SUMMARY
3rd Quarter, 2010 Data: Richmond, Virginia


Historical Home Price Appreciation
Last Quarter                         0.04%
Last Year                              -3.8%
Last 5 Years                         3%
Last 10 Years                       60%
Last 20 Years                       110%
Decline From All Time High   11.30%


Annual Home Price Appreciation Rates
1980      6.91%
1981      3.46%
1982      2.23%
1983      6.47%
1984      3.09%
1985      4.50%
1986      6.97%
1987      8.53%
1988      6.27%
1989      4.49%
1990      2.20%
1991      2.49%
1992      2.14%
1993      1.89%
1994      0.68%
1995      3.51%
1996      1.44%
1997      3.51%
1998      3.96%
1999      3.65%
2000      5.05%
2001      6.29%
2002      6.44%
2003      7.41%
2004      11.98%
2005      16.27%
2006      9.68%
2007      2.62%
2008      -2.76%
2009      -5.83%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.04%         Rank: 282 of 381 (26th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -3.8%          Rank: 296 of 381 (22nd Percentile)
Last 5 Years                              3%              Rank: 193 of 381 (49th Percentile)
Last 10 Years  . . . . . . . . . . . .   60%            Rank: 60 of 381 (84th Percentile)
Last 20 Years                            110%          Rank: 125 of 344 (63rd Percentile)
Decline From All Time High        11.30%

Home Price appreciation rates for Richmond, VA are shown above for five time
periods. For example: Richmond appreciated 0.04% in the Last Quarter. At that
rate, the Richmond Real Estate Market was ranked 282nd out of 381
metropolitan areas for Real Estate Appreciation. Richmond was in the 26th
percentile. So Richmond, VA performed better in the Last Quarter than 26% of
the 381 metropolitan areas covered in ForecastChart.com.

























Part 2: MARKET HIGHLIGHTS
3rd Quarter, 2010 Data: Richmond, Virginia

The all time high in the Richmond Home Price Index was 221.2 in the 1st
Quarter, of 2008. The 3rd Quarter, 2010 index value was 196.2. That's a
decline of 25.01 points or 11.30% below the Richmond Home Price Index all
time high.  The Home Price Index indicates that the Richmond Market is up 60%
over the last 10 years. Home Prices in the Richmond Real Estate Market have
lost 3.77% over the last 12 months. Over the last thirty years, it is up 235%.

The 3rd Quarter index value was 0.08 points higher than the 2nd Quarter, 2010
index value of 196.14, resulting in a 0.04% rise in the 3rd Quarter for the
Richmond Market.

The Richmond Home Price Index increased in the last quarter after falling in the
previous 9 quarters. The current record holders for consecutive increases in
the Home Price Index are Shreveport, LA; San Jose, CA; Oakland, CA;
Kennewick, WA and Cambridge, MA, with increases in 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 15 consecutive quarters.

The highest annual home appreciation rate in the Richmond Real Estate Market
was 16% in the twelve months ended with the 4th Quarter of 2005. The worst
annual home appreciation rate in the Richmond Market was -7% in the twelve
months ended with the 1st Quarter of 2010.

The highest home appreciation in the Richmond Real Estate Market over a
three year period was 45% in the three years ended with the 2nd Quarter of
2006. The worst home appreciation over a three year period in the Richmond
Market was -11% in the three years ended with the 2nd Quarter of 2010.

This page provides a long term graph of the Richmond Home Price Index
(above). The chart has been updated through the 3rd Quarter of 2010. For
more information about Richmond Home Prices, look at the links under that
chart. One link opens a long term chart of historical appreciation rates for the
Richmond Real Estate Market. Another opens a forecast for appreciation rates
in the state of Virginia. Just one glance at ForecastChart.com's long term charts
can provide tremendous insight into the historical trends of residential property
values. Bookmark this page! Then ForecastChart.com's detailed research and
statistics about Richmond Home Prices will be at your fingertips when you need
them.

Historical data on the Richmond Home Price Index is available back to the 4th
Quarter, of 1976. All calculations are based on the quarterly value of the House
Price Index for the Richmond 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 research quarterly sales price and appraisal data
from mortgage transactions in the Richmond 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
3rd Quarter, 2010 Data: Richmond, Virginia

The appreciation of Richmond 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.

Last Quarter:
During the 3rd Quarter of 2010, Richmond Home Prices had a rank of 282, with
appreciation of 0.04%. The top performing real estate market during the 3rd
Quarter was Laredo, TX, with appreciation of 13.94%. The worst market during
that period was Coeur d'Alene, ID, with appreciation of -4.45%.
The median appreciation for all cities during the 3rd Quarter was 0.66%. The
average appreciation for all markets during the quarter was 0.74%.

Last Year:
During the last 12 months, Richmond Home Prices had a rank of 296, with
appreciation during the year of -3.77%. The top performing market during the
last year was Laredo, TX, with appreciation of 9.5%. The worst real estate
market during that period was Deltona, FL, with appreciation of -15.7%.
The median appreciation for all markets during this period was -1.17%. The
average appreciation was -1.91%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2010, Richmond Home Prices
ranked 193, with a total appreciation of 3.4%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 50%. The
worst market during that period was Merced, CA, with appreciation of -58%.
The median appreciation for all cities during this time period was 4%. The
average appreciation over the 5 years was -1%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2010, Richmond Home Prices
had a rank of 60, with appreciation during the decade of 60%. The top
performing market during the period was Honolulu, HI, with appreciation of
103%. The worst real estate market during the 10 year time period was Detroit,
MI, with appreciation of -21%.
The median appreciation for all markets during the last 10 years was 41%. The
average appreciation for the cities over that time frame was 41%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2010, Richmond Home Prices
had a rank of 125, with total appreciation over the 20 year period of 110%. The
top performing real estate market during the period was Missoula, MT, with
appreciation of 265%. The worst market during the last 20 years was Merced,
CA, with appreciation of 17%.
The median appreciation for all cities during the last 20 years was 97%. The
average appreciation for the markets over that time frame was 103%.

Historical research data on the Home Price Index for the Richmond Real Estate
Market is available back to the 4th Quarter, of 1976. The chart has been
updated through the 3rd Quarter of 2010. All calculations are based on the
quarterly value of the House Price Index for Richmond. 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)  0.3%  (2011-Q4)
30 Year Mortgage Interest Rate:  4.34%  (December, 2011)
15 Year Mortgage Rate:  3.86%  (December, 2011)
Adjustable Rate Mortgage Rate:  3.40%  (December, 2011)
Housing Starts (SSAR in 1000's):  523  (December, 2011)
Prime Interest Rate:  3.25%  (December, 2011)
US unemployment rate (Overall):  9.93%  (December, 2011)
US Inflation or Deflation (-):  1.08%  (December, 2011)
Crude Oil Prices (Dollars per Barrel):  $100.3  (December, 2011)
Natural Gas Prices (Dollars Per Million BTU):  $2.90  (December, 2011)
U.S. Dollar Trade Weighted Currency Exchange Index:   104  (December, 2011)
GDP (Gross Domestic Product) SSAR in Trillions:  $15.4  (2011-Q3)
GNP (Gross National Product) SSAR in Trillions:  $15.3  (2011-Q3)
Federal Surplus or Deficit (-) in Billions:  $-1704  (2011)
National Debt (Trillions):  $15.0  (2011-Q3)
Fed Funds Rate:  0.19%  (December, 2011)
S&P 500 (Standard & Poor's 500 Stock Index):  1191  (December, 2011)
DJIA (Dow Jones Industrial Average):  11102  (December, 2011)
U. S. Exports (SSAR in Billions):  $1975  (2011-Q3)
U. S. Imports (SSAR in Billions):  $2572  (2011-Q3)
U. S. Personal Savings Rate:  5.80%  (December, 2011)
































Commentary  5395
2nd Quarter, 2010 Data: Richmond, Virginia

Due to the time required to gather home sales price and appraisal data from
mortgage transactions for this and hundreds of other cities, Home Price data is
not available for a number of months after the end of each quarter.

The appreciation of Richmond 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.

Last Quarter:
During the 2nd Quarter of 2010, Richmond Home Prices had a rank of 289, with
appreciation of -1.67%. The top performing real estate market during the 2nd
Quarter was Cumberland, MD, with appreciation of 8.36%. The worst market
during that period was Ocala, FL, with appreciation of -9.09%.
The median appreciation for all cities during the 2nd Quarter was -0.47%. The
average appreciation for all markets during the quarter was -0.61%.

Last Year:
During the last 12 months, Richmond Home Prices had a rank of 278, with
appreciation during the year of -6.34%. The top performing market during the
last year was Lawton, OK, with appreciation of 4.9%. The worst real estate
market during that period was Bend, OR, with appreciation of -18.6%.
The median appreciation for all markets during this period was -3.88%. The
average appreciation was -4.53%.

Last 5 Years:
Over the 5 years ended with the 2nd Quarter of 2010, Richmond Home Prices
ranked 154, with a total appreciation of 8.1%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 56%. The
worst market during that period was Merced, CA, with appreciation of -57%.
The median appreciation for all cities during this time period was 6%. The
average appreciation over the 5 years was 1%.

Last 10 Years:
During the 10 years ended in the 2nd Quarter of 2010, Richmond Home Prices
had a rank of 65, with appreciation during the decade of 62%. The top
performing market during the period was Ocean City, NJ, with appreciation of
108%. The worst real estate market during the 10 year time period was Detroit,
MI, with appreciation of -20%.
The median appreciation for all markets during the last 10 years was 41%. The
average appreciation for the cities over that time frame was 42%.

Last 20 Years:
During the 20 years ended in the 2nd Quarter of 2010, Richmond Home Prices
had a rank of 122, with total appreciation over the 20 year period of 109%. The
top performing real estate market during the period was Casper, WY, with
appreciation of 256%. The worst market during the last 20 years was Merced,
CA, with appreciation of 18%.
The median appreciation for all cities during the last 20 years was 98%. The
average appreciation for the markets over that time frame was 103%.

Historical research data on the Home Price Index for the Richmond Real Estate
Market is available back to the 4th Quarter, of 1976. The chart has been
updated through the 2nd Quarter of 2010. All calculations are based on the
quarterly value of the House Price Index for Richmond. 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  4633
1st Quarter, 2010 Data: Richmond, Virginia

Due to the time required to gather home sales price and appraisal data from
mortgage transactions for this and hundreds of other cities, Home Price data is
not available for a number of months after the end of each quarter.

The appreciation of Richmond 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.

Last Quarter:
During the 1st Quarter of 2010, Richmond Home Prices had a rank of 213, with
appreciation of -1.51%. 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, Richmond Home Prices had a rank of 257, with
appreciation during the year of -7.23%. 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, Richmond Home Prices
ranked 105, with a total appreciation of 14.8%. 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, Richmond Home Prices
had a rank of 56, with appreciation during the decade of 66%. 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, Richmond Home Prices
had a rank of 103, with total appreciation over the 20 year period of 116%. 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 research data on the Home Price Index for the Richmond Real Estate
Market is available back to the 4th 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 Richmond. 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  3871
4th Quarter, 2009 Data: Richmond, Virginia

Due to the time required to gather home sales price and appraisal data from
mortgage transactions for this and hundreds of other cities, Home Price data is
not available for a number of months after the end of each quarter.

The appreciation of Richmond 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.

Last Quarter:
During the 4th Quarter of 2009, Richmond Home Prices had a rank of 214, with
appreciation of -1.01%. 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, Richmond Home Prices had a rank of 287, with
appreciation during the year of -6.17%. 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, Richmond Home Prices
ranked 87, with a total appreciation of 20.3%. 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, Richmond Home Prices
had a rank of 58, with appreciation during the decade of 72%. 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, Richmond Home Prices
had a rank of 108, 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 Richmond Real Estate Market is
available back to the 4th 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 Richmond. 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  3109
3rd Quarter, 2009 Data: Richmond, Virginia

The appreciation of Richmond 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 performers as well as the average and median performance for all cities
during each time period.

Last Quarter:
During the 3rd Quarter of 2009, Richmond Home Prices had a rank of 276, with
appreciation of -2.61%. The top performer during the 3rd Quarter was
Hinesville, GA, with appreciation of 7.17%. The worst performer 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 cities during the quarter was -1.74%.

Last Year:
During the last 12 months, Richmond Home Prices had a rank of 274, with
appreciation during the year of -5.68%. The top performer during the last year
was Wichita Falls, TX, with appreciation of 6.0%. The worst performer during
that period was El Centro, CA, with appreciation of -24.5%.
The median appreciation for all cities 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, Richmond Home Prices
ranked 80, with a total appreciation of 24.3%. The top performer during the 5
year period was Midland, TX, with appreciation of 72%. The worst performer
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, Richmond Home Prices
had a rank of 63, with appreciation during the decade of 74%. The top
performer during the period was Ocean City, NJ, with appreciation of 135%. The
worst performer during the 10 year time period was Detroit, MI, with
appreciation of -10%.
The median appreciation for all cities 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, Richmond Home Prices
had a rank of 110, with total appreciation over the 20 year period of 123%. The
top performer during the period was Missoula, MT, with appreciation of 290%.
The worst performer 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 cities over that time frame was 116%.

Historical data on the Richmond Home Price Index is available back to the 4th
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 Richmond. 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  1966
2nd Quarter, 2009 Data: Richmond, Virginia

The appreciation of Richmond 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 performers as well as the average and median performance for all cities
during each time period.

Last Quarter:
During the 2nd Quarter of 2009, Richmond Home Prices had a rank of 244, with
appreciation of -2.62%. The top performer during the 2nd Quarter was Pine
Bluff, AR, with appreciation of 3.15%. The worst performer during that period
was Madera, CA, with appreciation of -10.24%.
The median appreciation for all cities during the 2nd Quarter was -1.74%. The
average appreciation for all cities during the quarter was -2.05%.

Last Year:
During the last 12 months, Richmond Home Prices had a rank of 251, with
appreciation during the year of -4.40%. The top performer during the last year
was Elmira, NY, with appreciation of 4.5%. The worst performer during that
period was Merced, CA, with appreciation of -27.1%.
The median appreciation for all cities during this period was -1.83%. The
average appreciation was -3.91%.

Last 5 Years:
Over the 5 years ended with the 2nd Quarter of 2009, Richmond Home Prices
had the worst performance in the country, with a total appreciation of 33.8%.
The top performer during the 5 year period was Odessa, TX, with appreciation
of 74%.
The median appreciation for all cities during this time period was 17%. The
average appreciation over the 5 years was 17%.

Last 10 Years:
During the 10 years ended in the 2nd Quarter of 2009, Richmond Home Prices
had a rank of 62, with appreciation during the decade of 81%. The top
performer during the period was Ocean City, NJ, with appreciation of 146%. The
worst performer during the 10 year time period was Detroit, MI, with
appreciation of -2%.
The median appreciation for all cities during the last 10 years was 54%. The
average appreciation for the cities over that time frame was 57%.

Last 20 Years:
During the 20 years ended in the 2nd Quarter of 2009, Richmond Home Prices
had a rank of 106, with total appreciation over the 20 year period of 134%. The
top performer during the period was Missoula, MT, with appreciation of 296%.
The worst performer during the last 20 years was Rochester, NY, with
appreciation of 47%.
The median appreciation for all cities during the last 20 years was 115%. The
average appreciation for the cities over that time frame was 126%.

Historical data on the Richmond Home Price Index is available back to the 2nd
Quarter, of 1976. The chart has been updated through the 2nd Quarter of
2009. All calculations are based on the quarterly value of the House Price Index
for Richmond. 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  823
1st Quarter, 2009 Data: Richmond, Virginia

The appreciation of Richmond 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 performers as well as the average and median performance for all cities
during each time period.

Last Quarter:
During the 1st Quarter of 2009, Richmond Home Prices had a rank of 289, with
appreciation of -0.74%. The top performer during the 1st Quarter was Monroe,
MI, with appreciation of 10.96%. The worst performer during that period was
Port St. Lucie, FL, with appreciation of -6.30%.
The median appreciation for all cities during the 1st Quarter was 0.27%. The
average appreciation for all cities during the quarter was 0.41%.

Last Year:
During the last 12 months, Richmond Home Prices had a rank of 250, with
appreciation during the year of -3.01%. The top performer during the last year
was Elmira, NY, with appreciation of 9.3%. The worst performer during that
period was Merced, CA, with appreciation of -37.8%.
The median appreciation for all cities during this period was -1.04%. The
average appreciation was -3.47%.

Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2009, Richmond Home Prices
ranked 49, with a total appreciation of 41.2%. The top performer during the 5
year period was Odessa, TX, with appreciation of 76%. The worst performer
during that period was Merced, CA, with appreciation of -29%.
The median appreciation for all cities during this time period was 22%. The
average appreciation over the 5 years was 23%.

Last 10 Years:
During the 10 years ended in the 1st Quarter of 2009, Richmond Home Prices
had a rank of 70, with appreciation during the decade of 88%. The top
performer during the period was Ocean City, NJ, with appreciation of 162%. The
worst performer during the 10 year time period was Detroit, MI, with
appreciation of 6%.
The median appreciation for all cities during the last 10 years was 57%. The
average appreciation for the cities over that time frame was 62%.

Last 20 Years:
During the 20 years ended in the 1st Quarter of 2009, Richmond Home Prices
had a rank of 113, with total appreciation over the 20 year period of 142%. The
top performer during the period was Casper, WY, with appreciation of 327%.
The worst performer during the last 20 years was Rochester, NY, with
appreciation of 49%.
The median appreciation for all cities during the last 20 years was 123%. The
average appreciation for the cities over that time frame was 135%.

Historical data on the Richmond Home Price Index is available back to the 1st
Quarter, of 1976. The chart has been updated through the 1st Quarter of 2009.
All calculations are based on the quarterly value of the House Price Index for
Richmond. 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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Appreciation Rankings: Richmond Home Prices
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