New York, NY - House Price Index (HPI)
New York Real Estate Market - Home Price Forecast
100
1000
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 Monday, July 6,
2015. Real estate forecasts, analysis, statistics and appreciation rates are provided below.
10
New York Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  18685
3rd Quarter, 2014 Housing Statistics: New York, New York


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      82%

LittleBigHomes.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 New York housing market for the 12
months ending with the 3rd Quarter of 2015 is UP. The Accuracy of the Trend
Projection for New York is 82%. In other words, when tested against historical
data, the forecasting methodology was correct 82% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in New
York is 82% during this period. If this Housing Market Forecast is correct, home
prices will be higher in the 3rd Quarter of 2015 than they were in the 3rd
Quarter of 2014. Check this page each quarter for updates to the New York
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      82%

The forecast for the trend in the New York housing market for the 3 years
ending with the 3rd Quarter of 2017 is UP. The Accuracy of the Trend
Prediction for New York is 82%. In other words, when tested against historical
data, the forecasting methodology was correct 82% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in New
York is 82% during this period. If this Housing Market Forecast is correct, home
values will be higher in the 3rd Quarter of 2017 than they were in the 3rd
Quarter of 2014. Check this page each quarter for updates to the New York
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2014 Housing Data: New York, New York


Historical Home Price Appreciation
Last Quarter                         1.11%
Last Year                              3.9%
Last 5 Years                         -1%
Last 10 Years                       5%
Last 20 Years                       127%
Decline From All Time High   14.75%


Annual Home Price Appreciation Rates
1984      15.49%
1985      19.97%
1986      26.54%
1987      18.78%
1988      3.41%
1989      -0.60%
1990      -6.66%
1991      -1.98%
1992      1.59%
1993      1.13%
1994      -3.19%
1995      3.51%
1996      0.86%
1997      3.83%
1998      5.05%
1999      8.69%
2000      11.35%
2001      11.14%
2002      13.47%
2003      12.37%
2004      15.84%
2005      15.00%
2006      3.81%
2007      -1.84%
2008      -6.71%
2009      -6.34%
2010      -0.73%
2011      -3.58%
2012      -1.27%
2013      2.39%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.11%         Rank: 229 of 381 (40th Percentile)
Last Year  . . . . . . . . . . . . . . . .  3.9%           Rank: 193 of 381 (49th Percentile)
Last 5 Years                              -1%             Rank: 236 of 381 (38th Percentile)
Last 10 Years  . . . . . . . . . . . .   5%              Rank: 241 of 381 (36th Percentile)
Last 20 Years                            127%          Rank: 37 of 378 (90th Percentile)
Decline From All Time High        14.75%

The change in home prices for New York-Jersey City-White Plains, NY-NJ are
shown above for five time periods. For example: New York appreciated 1.11% in
the Last Quarter. At that rate, the New York Real Estate Market was ranked
229th out of 381 metropolitan Real Estate Markets. New York was in the 40th
percentile. So New York, NY performed better in the Last Quarter than 40% of
the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2014 Housing Statistics: New York, New York

The data and analysis on this page pertains to New York-Jersey City-White
Plains, NY-NJ, hereinafter referred to as "New York". The all time high in the
New York Home Price Index was 269.6 in the 1st Quarter, of 2007. The 3rd
Quarter, 2014 index value was 229.8. That's a decline of 39.76 points or
14.75% below the New York Home Price Index all time high.  The Home Price
Index indicates that the New York Market is up 5% over the last 10 years. Home
prices in the New York Real Estate Market have gained 3.91% over the last 12
months. Over the last thirty years, it is up 303%.

The 3rd Quarter index value was 2.52 points higher than the 2nd Quarter, 2014
index value of 227.30, resulting in a 1.11% rise in the 3rd Quarter for the New
York Market.

The New York Home Price Index has increased for the last 9 consecutive
quarters. The current record holders for consecutive increases in the Home
Price Index are Phoenix, AZ; Houston, TX and Boise City, ID, with increases in
the last 13 consecutive quarters. The current record holder for consecutive
declines in the Home Price Index is Terre Haute, IN, with declines in the last 3
consecutive quarters.

The highest annual change in the value of houses in the New York Real Estate
Market was 28% in the twelve months ended with the 1st Quarter of 1987. The
worst annual change in home values  in the New York Market was -7% in the
twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the New York Real Estate Market over a
three year period was 82% in the three years ended with the 3rd Quarter of
1987. The worst performance over a three year period in the New York Market
was -15% in the three years ended with the 2nd Quarter of 2010.

This page provides a long term graph of the New York Home Price Index
(above). For information about New York home values, click Real Estate Market
Forecasts in the navigation bar at the top of this page.  You'll see long term
charts and analysis that will provide tremendous insight into the historical trends
of residential property values. Bookmark this page! Then LittleBigHomes.com's
detailed research and statistics about New York Home Prices will be at your
fingertips when you need them.

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 time is required to research 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 4: APPRECIATION RATES & RANKINGS
3rd Quarter, 2014 Housing Data: New York, New York

The trend 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-Jersey City-White Plains, NY-NJ, hereinafter referred to as "New
York".

Last Quarter:
During the 3rd Quarter of 2014, New York Home Prices had a rank of 229, with
appreciation of 1.11%. The top performing real estate market during the 3rd
Quarter was Johnstown, PA, with a rise of 7.10%. The worst market during that
period was Farmington, NM, with appreciation of -4.09%.
The median for all cities during the 3rd Quarter was 1.44%. The average for all
markets during the quarter was 1.49%.

Last Year:
During the last 12 months, New York Home Prices had a rank of 193, with
appreciation during the year of 3.91%. The top performing market during the
last year was Madera, CA, with an increase of 19.4%. The worst real estate
market during that period was Jacksonville, NC, with appreciation of -4.5%.
The median for all markets during this period was 3.94%. The average was
4.71%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2014, New York Home Prices
ranked 236, with a total appreciation of -1.1%. The top performing real estate
market during the 5 year period was Merced, CA, with a growth in value of 45%.
The worst market during that period was Ocala, FL, with appreciation of -16%.
The median for all cities during this time period was 1%. The average over the
5 years was 3%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2014, New York Home Prices
had a rank of 241, with appreciation during the decade of 5%. The top
performing market during the period was Midland, TX, with a rise of 129%. The
worst real estate market during the 10 year time period was Las Vegas, NV, with
appreciation of -27%.
The median for all markets during the last 10 years was 10%. The average for
the cities over that time frame was 11%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2014, New York Home Prices
had a rank of 37, with total growth over the 20 year period of 127%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 229%. The worst market during the last 20 years was Rockford, IL,
with appreciation of 23%.
The median for all cities during the last 20 years was 75%. The average for the
markets over that time frame was 82%.

Historical research data on the Home Price Index for the New York Real Estate
Market is available back to the 1st Quarter, of 1976. All calculations are based
on the quarterly value of the House Price Index for New York. Real estate
appreciation figures represent total net increase or decrease over each time
period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)





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