House Price Appreciation - by state

House Price Appreciation (1Q08-1Q09):
The House Price Index is based on transactions involving conforming, conventional mortgages purchased or securitized by Fannie Mae or Freddie Mac. Only mortgage transactions on single-family properties are included.

47 states had depreciation, Tennessee ranked #26, Virginia #44, US average would rank between #41 and #42

Top 5 States:

1. Alaska 4.79%
2. Oklahoma 0.3%
3. North Dakota 0.3%
4. South Dakota 0.29%
5. Kentucky -0.54%

Bottom 5:

1. Nevada -31.10%
2. Florida -22.46%
3. California -22.46%
4. Arizona -19.51%
5. DC -15.28%
6. Maryland -10.06%

Full report: http://www.fhfa.gov/webfiles/2399/1q09hpi.pdf