TheMReport

TH E M R EP O RT | 59 AROUND THE U.S. ANALYTICS Oregon 1 11.77% Florida 2 11.20% Washington 3 10.93% Nevada 4 9.44% Colorado 5 8.99% Idaho 6 7.93% South Carolina 7 7.87% Arizona 8 7.39% California 9 7.26% Texas 10 7.06% Utah 11 6.96% Minnesota 12 6.67% Missouri 13 6.50% Georgia 14 6.39% Hawaii 15 6.26% Michigan 16 6.19% North Carolina 17 5.52% South Dakota 18 5.48% Arkansas 19 5.20% Mississippi 20 5.17% Louisiana 21 4.99% Ohio 22 4.88% Maine 23 4.81% Wisconsin 24 4.66% Tennessee 25 4.54% North Dakota 26 4.26% Massachusetts 27 4.25% Montana 28 4.21% Iowa 29 4.06% Maryland 30 3.79% Indiana 31 3.78% Alabama 32 3.72% Nebraska 33 3.70% Pennsylvania 34 3.68% New Hampshire 35 3.45% Kansas 36 3.43% Illinois 37 3.43% Kentucky 38 3.42% West Virginia 39 3.28% Rhode Island 40 3.14% New Mexico 41 2.85% Virginia 42 2.83% Delaware 43 2.24% New York 44 2.22% Wyoming 45 1.71% Alaska 46 1.42% Oklahoma 47 1.29% New Jersey 48 1.03% Connecticut 49 0.77% District of Columbia 50 0.66% Vermont 51 0.63% Source: FHFA's House Price Index for Q1 2016 Rank State Percentage Westward ho! Index Shows Western States Have Greatest Home Price Appreciation H ome prices in the U.S. have risen for 19 consecutive quarters, as of the end of Q1, and have increased by more than five percent for four consecutive years, according the Federal Housing Finance Agency's most recent purchase-only House Price Index. Year-over- year in Q1, house prices rose by 5.7 percent, according to FHFA's HPI, which is calculated using home sales price information from mortgages guaranteed by or sold to Fannie Mae and Freddie Mac. Five out of the six states with the highest home price appreciation as of the end of Q1 were located in the Western United States (Oregon, Washington, Nevada, Colorado, and Idaho) while the three bottom states plus District of Columbia, which ranked 50th, were all located in the East (New Jersey, Connecticut, and Vermont). "While the overall appreciation rate was robust in the first quarter, home price appreciation was somewhat less widespread than in recent quarters," FHFA Supervisory Economist Andrew Leventis said. "Twelve states and the District of Columbia saw price declines in the quarter—the most areas to see price depreciation since the fourth quarter of 2013. Although most declines were modest, such declines are notable given the pervasive and extraordinary appreciation we have been observing for many years."

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