Magazine article Mortgage Banking

Worst 25 States by Appreciation Rate: (January 2009 Data, Ranked Worst to Best in Percent Decline from Peak)

Magazine article Mortgage Banking

Worst 25 States by Appreciation Rate: (January 2009 Data, Ranked Worst to Best in Percent Decline from Peak)

Article excerpt

Rank  State                   Peak          %      12 Month   12 Month
                              Month       Decline     HPI        HPI
                                           Since     Change    Change
                                           Peak     (Jan.     (Jan.
                                                      2009)     2008)

 1    CALIFORNIA            JUNE 2006    -44.54%    -26.70%   -21.20%
 2    NEVADA                MAY 2006     -41.53%    -26.85%   -16.36%
 3    ARIZONA               JUNE 2006    -36.31%    -21.29%   -14.59%
 4    FLORIDA               JULY 2006    -35.39%    -19.46%   -16.62%
 5    RHODE ISLAND          SEPT. 2005   -30.97%    -19.68%    -8.38%
 6    MICHIGAN              SEPT. 2005   -22.90%     -9.11%    -6.69%
 7    NEW HAMPSHIRE         SEPT. 2005   -21.64%     -9.58%    -7.48%
 8    MASSACHUSETTS         OCT. 2005    -21.49%     -8.91%    -7.66%
 9    MINNESOTA             AUG. 2006    -21.20%    -10.77%    -9.52%
10    OHIO                  JULY 2006    -20.95%     -5.51%    -7.85%
11    VIRGINIA              JUNE 2006    -19.44%     -9.89%    -4.77%
12    ILLINOIS              AUG. 2006    -18.95%     -9.91%    -8.50%
13    MARYLAND              JULY 2006    -18.68%    -11.58%    -6.05%
14    WASHINGTON            JULY 2007    -17.72%    -11.44%    -2.99%
15    NEW JERSEY            JULY 2006    -16.39%     -9.31%    -5.04%
16    OREGON                JUNE 2007    -15.91%     -9.99%    -1. … 
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