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New York Fed map shows home price trends
Curious about when your county hit the housing market’s peak, and when home values started to slide?
The New York Federal Reserve Bank Tuesday released a new color-coded, interactive map tracking home price trends from May 2004 through May 2012, accompanied by a blog post saying that the national housing outlook is starting to look “a bit brighter.”
The map shows year-by-year trends for the nation and month-by-month trends for New York counties. For instance, in March 2003, home prices in Suffolk were 21.1 percent higher than they had been a year earlier. In April 2009, they had fallen 14.4 percent compared to the same month in 2008. In May, prices were 1.3 percent lower than they had been in May 2011.
In Nassau County, the typical home price in April 2003 was 17.3 percent higher than a year earlier. In April 2009, prices had fallen 12.1 percent compared to the same month a year before. In May, prices were slightly lower than a year earlier -- by 0.1 percent.
The Federal Reserve Bank of New York used statistics from data provider CoreLogic to compile the maps.