60

80
100
120
140
160
180
200
220
240
260
January 1999
May 1999
September 1999
January 2000
May 2000
September 2000
January 2001
May 2001
September 2001
January 2002
May 2002
September 2002
January 2003
May 2003

CS NY Metro (Real 2010 Adj)  NSA
September 2003
January 2004

Adj CS NY Metro 1% Annual Appreciation
May 2004
September 2004
January 2005
May 2005
September 2005
January 2006
May 2006
September 2006
January 2007
May 2007
September 2007
January 2008
Adj CS NY Metro 5% Annual Appreciation
Adj CS NY Metro 3% Annual Appreciation

May 2008
September 2008
Adj Case Shiller NY Metro With 1%,3%, and 5% Growth Rate Curves 

January 2009
May 2009
September 2009
January 2010
 Median NJ H
Home Sales Price

$0 
$100,000 
$150,000 
$200,000 
$250,000 
$300,000 
$350,000 
$400,000 
$450,000 
$500,000 

$50,000 
March‐99
June‐99
September‐99
December‐99
March‐00
June‐00
September‐00
December‐00
March‐01
June‐01

Adj NJAR 5% Annual Appreciation
September‐01

NJAR Median Home Sales Price (Adj)
December‐01
March‐02
June‐02
September‐02
December‐02
March‐03
June‐03
September‐03
December‐03
March‐04
Trends

June‐04
September‐04
December‐04
March‐05

Adj NJAR 1% Annual Appreciation
Adj NJAR 10% Annual Appreciation
June‐05
September‐05
December‐05
March‐06
June‐06
September‐06
December‐06
March‐07
June‐07
September‐07
December‐07
March‐08
June‐08
NJAR Median Home Sales Price (Adj) & 1%, 3%, and 5% Growth Rate 

September‐08
December‐08
Adj NJAR 3% Annual Appreciation

March‐09
June‐09
September‐09
December‐09