Magazine article Mortgage Banking

50 States by Appreciation Rate

Magazine article Mortgage Banking

50 States by Appreciation Rate

Article excerpt

50 States by Appreciation Rate

(December 2008 data, ranked worst to best in percent decline from peak)

Rank      States      Peak Month  % Decline    12-Month     12-Month
                                    Since     HPI Change   HPI Change
                                    Peak     (Dec. 2008)  (Dec. 2007)

 1    CALIFORNIA      JULY 2006    -41.14%      -25.9%       -19.6%

 2    NEVADA          MAY 2006     -37.70%      -25.3%       -15.1%

 3    ARIZONA         JUNE 2006    -32.14%      -19.8%       -12.9%

 4    FLORIDA         JUNE 2006    -31.64%      -18.3%       -15.3%

 5    RHODE ISLAND    SEPT. 2005   -26.48%      -16.0%        -7.6%

 6    MICHIGAN        SEPT. 2005   -18.26%       -6.5%        -5.6%

 7    NEW HAMPSHIRE   SEPT. 2005   -17.85%       -9.6%        -5.3%

 8    MASSACHUSETTS   OCT. 2005    -17.54%       -6.6%        -6.0%

 9    VIRGINIA        JUNE 2006    -16.92%       -7.4%        -3.1%

10    HAWAII          AUG. 2007    -16.73%      -11.0%       -10.0%

11    MINNESOTA       AUG. 2006    -16.46%       -7.0%        -7.8%

12    OHIO            JULY 2006    -15.81%       -4.6%        -6.5%

13    MARYLAND        JULY 2006    -15.37%      -10.0%        -5.2%

14    WASHINGTON      JULY 2007    -14.66%      -10.8%        -1.9%

15    ILLINOIS        AUG. 2006    -14.58%       -8.5%        -7.1%

16    DISTRICT OF     AUG. 2008    -14.02%       -4.9%        -5.2%
      COLUMBIA

17    OREGON          JUNE 2007    -13.04%       -9.5%        -0.1%

18    NEW JERSEY      JULY 2006    -12.42%       -7.3%        -3.9%

19    WYOMING         APRIL 2007   -12.04%       -7.1%        -3.1%

20    NEW YORK        FEB 2006     -10.79%        5.1%       -11.7%

21    CONNECTICUT     JULY 2006     -9.75%       -4.8%        -3.0%

22    ALABAMA         AUG. 2007     -9.16%       -5.0%        -4.0%

23    LOUISIANA       AUG. 2006     -9.09%        1.6%        -5.7%

24    TENNESSEE       JULY 2007     -8.33%       -4.2%        -0.2%

25    WISCONSIN       AUG. 2007     -7.52%       -1.3%        -2.2%

26    NORTH           JULY 2007     -6.64%       -2.5%         2.1%
      CAROLINA

27    COLORADO        JULY 2007     -6.60%       -1.4%        -4.7%

28    GEORGIA         JULY 2007     -6.58%        0.7%        -4.1%

29    PENNSYLVANIA    AUG. 2007     -6.23%       -4.0%         1. … 
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