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25 worst-performing states by appreciation rate.

Mortgage Banking • August, 2008 • Home Price Spotlight

25 Worst-Performing States by Appreciation rate Single-Family Detached (June 2008 Data), Ranked by 1-Year Change Rank State 3-Month HPI * Change 1 Year HPI * Change

1 CALIFORNIA -6.03% -27.07%

2 NEVADA -3.34% -20.70%

3 ARIZONA -0.91% -17.59%

4 FLORIDA -0.24% -17.57%

5 RHODE ISLAND -1.64% -14.31%

6 OHIO 4.58% -10.77%

7 MASSACHUSETTS -0.49% -10.66%

8 WYOMING -2.39% -10.18%

9 NEW HAMPSHIRE -0.18% -9.96% 10 MINNESOTA 3.80% -8.49% 11 MARYLAND 0.82% -8.41% 12 ILLINOIS 0.64% -8.18% 13 HAWAII -2.11% -7.38% 14 MICHIGAN 1.99% -7.28% 15 NEW JERSEY 1.46% -6.73% 16 PENNSYLVANIA -0.38% -6.57% 17 WASHINGTON -0.28% -6.57% 18 GEORGIA 4.29% -6.18% 19 DISTRICT OF COLUMBIA 1.70% -6.07% 20 LOUISIANA 3.83% -5.85% 21 CONNECTICUT 0.90% -5.30% 22 VIRGINIA 1.31% -4.56% 23 OREGON 2.14% -4.35% 24 COLORADO 5.86% -3.47% 25 WISCONSIN 4.76% -3.38% SOURCE: First American CoreLogic, a First American company (NYSE: FAF) Santa Ana, California. LoanPerformance HPI provides a comprehensive set of monthly home-price indexes and median sales prices covering 7,488 ZIP codes, 956 core-based statistical areas (CBSAs) and 670 counties located in all 50 states and the District of Columbia. The indexes, which are the most comprehensive available in the industry, incorporate more than 30 years' worth of repeat-sales transactions, representing more than 45 million observations, sourced from First American CoreLogic's industry-leading property information database. * HPI refers to the LoanPerformance Home Price Index (HPI). More information about LoanPerformance HPI and First American CoreLogic can be found at www.loanperformance.com and www.facorelogic.com


COPYRIGHT 2008 Mortgage Bankers Association of America Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.
Copyright 2008 Gale, Cengage Learning. All rights reserved. Gale Group is a Thomson Corporation Company.
NOTE: All illustrations and photos have been removed from this article.


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