HMMT 2003 U38

Given are real numbers $x, y$. For any pair of real numbers $a_{0}, a_{1}$, define a sequence by $a_{n+2}=x a_{n+1}+y a_{n}$ for $n \geq 0$. Suppose that there exists a fixed nonnegative integer $m$ such that, for every choice of $a_{0}$ and $a_{1}$, the numbers $a_{m}, a_{m+1}, a_{m+3}$, in this order, form an arithmetic progression. Find all possible values of $y$.