The House Price Index (HPI) shows changes in Rochester, NY single family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Updated Friday, July 17, 2015. Real
estate forecasts, analysis, statistics and appreciation rates are provided below.
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Rochester Real Estate Market - Home Price Forecast (NY)
Rochester Real Estate Market: Trend Outlook, Analysis & Statistics
Rochester, NY - House Price Index (HPI)
Commentary  18734
3rd Quarter, 2014 Housing Statistics: Rochester, New York


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      76%

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 Rochester housing market for the 12
months ending with the 3rd Quarter of 2015 is UP. The Accuracy of the Trend
Projection for Rochester is 76%. In other words, when tested against historical
data, the forecasting methodology was correct 76% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Rochester is 76% 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 Rochester
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      77%

The forecast for the trend in the Rochester housing market for the 3 years
ending with the 3rd Quarter of 2017 is UP. The Accuracy of the Trend
Prediction for Rochester is 77%. In other words, when tested against historical
data, the forecasting methodology was correct 77% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Rochester is 77% 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 Rochester
Real Estate Market Forecast.




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


Historical Home Price Appreciation
Last Quarter                         0.49%
Last Year                              1.2%
Last 5 Years                         3%
Last 10 Years                       13%
Last 20 Years                       42%



Annual Home Price Appreciation Rates
1984      6.17%
1985      9.02%
1986      8.79%
1987      6.28%
1988      3.72%
1989      3.47%
1990      -0.56%
1991      2.29%
1992      2.71%
1993      1.04%
1994      -3.87%
1995      2.21%
1996      -0.80%
1997      1.80%
1998      2.91%
1999      0.26%
2000      2.93%
2001      3.76%
2002      3.57%
2003      4.41%
2004      4.36%
2005      4.27%
2006      1.37%
2007      1.18%
2008      0.72%
2009      0.95%
2010      0.57%
2011      -0.33%
2012      0.32%
2013      -0.28%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.49%         Rank: 289 of 381 (24th Percentile)
Last Year  . . . . . . . . . . . . . . . .  1.2%           Rank: 314 of 381 (17th Percentile)
Last 5 Years                              3%              Rank: 152 of 381 (60th Percentile)
Last 10 Years  . . . . . . . . . . . .   13%            Rank: 161 of 381 (57th Percentile)
Last 20 Years                            42%            Rank: 358 of 378 (5th Percentile)


The change in home prices for Rochester, NY are shown above for five time
periods. For example: Rochester appreciated 0.49% in the Last Quarter. At that
rate, the Rochester Real Estate Market was ranked 289th out of 381
metropolitan Real Estate Markets. Rochester was in the 24th percentile. So
Rochester, NY performed better in the Last Quarter than 24% of the 381
metropolitan areas covered in LittleBigHomes.com.

























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

The all time high in the Rochester Home Price Index was 144.0 in the 3rd
Quarter, of 2014.  The Home Price Index indicates that the Rochester Market is
up 13% over the last 10 years. Home prices in the Rochester Real Estate
Market have gained 1.21% over the last 12 months. Over the last thirty years, it
is up 99%.

The 3rd Quarter index value was 0.70 points higher than the 2nd Quarter, 2014
index value of 143.31, resulting in a 0.49% rise in the 3rd Quarter for the
Rochester Market.

The Rochester Home Price Index has increased for the last 2 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 Rochester Real Estate
Market was 18% in the twelve months ended with the 1st Quarter of 1983. The
worst annual change in home values  in the Rochester Market was -4% in the
twelve months ended with the 4th Quarter of 1994.

The highest growth in home values in the Rochester Real Estate Market over a
three year period was 40% in the three years ended with the 1st Quarter of
1985. The worst performance over a three year period in the Rochester Market
was -3% in the three years ended with the 4th Quarter of 1996.

This page provides a long term graph of the Rochester 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 Rochester 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 Rochester 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 Rochester 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: Rochester, New York

The trend of Rochester 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 2014, Rochester Home Prices had a rank of 289, with
appreciation of 0.49%. 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, Rochester Home Prices had a rank of 314, with
appreciation during the year of 1.21%. 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, Rochester Home Prices
ranked 152, with a total appreciation of 3.1%. 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, Rochester Home Prices
had a rank of 161, with appreciation during the decade of 13%. 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, Rochester Home Prices
had a rank of 358, with total growth over the 20 year period of 42%. 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 Rochester Real Estate
Market is available back to the 2nd Quarter, of 1979. All calculations are based
on the quarterly value of the House Price Index for Rochester. 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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