50 states by appreciation rate.

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50 States by Appreciation Rate (January 2009 Data, Ranked Worst to Best in Percent Decline from Peak) Rank State Peak % Decline 12-Month 12-Month Month Since HPI Change HPI Change Peak (Jan. 2009) (Jan. 2008) 1 CALIFORNIA JUNE -44.54% -26.70% -21.20% 2006 2 NEVADA MAY -41.53% -26.85% -16.36% 2006 3 ARIZONA JUNE -36.31% -21.29% -14.59% 2006 4 FLORIDA JULY -35.39% -19.46% -16.62% 2006 5 RHODE ISLAND SEPT. -30.97% -19.68% -8.38% 2005 6 MICHIGAN SEPT. -22.90% -9.11% -6.69% 2005 7 NEW HAMPSHIRE SEPT. -21.64% -9.58% -7.48% 2005 8 MASSACHUSETTS OCT. -21.49% -8.91% -7.66% 2005 9 MINNESOTA AUG. -21.20% -10.77% -9.52% 2006 10 OHIO JULY -20.95% -5.51% -7.85% 2006 11 VIRGINIA JUNE -19.44% -9.89% -4.77% 2006 12 ILLINOIS AUG. -18.95% -9.91% -8.50% 2006 13 MARYLAND JULY -18.68% -11.58% -6.05% 2006 14 WASHINGTON JULY -17.72% -11.44% -2.99% 2007 15 NEW JERSEY JULY -16.39% -9.31% -5.04% 2006 16 OREGON JUNE -15.91% -9.99% -1.75% 2007 17 HAWAII AUG. -15.05% -7.90% -6.48% 2007 18 CONNECTICUT JULY -13.69% -8.12% -3.58% 2006 19 WYOMING APRIL -13.68% -6.81% -5.43% 2007 20 DISTRICT OF JUNE -13.51% -3.23% -7.70% COLUMBIA 2006 21 GEORGIA JULY -11.89% -2.39% -5.70% 2007 22 ALABAMA AUG. -11.68% -6.12% 3.45% 2007 23 TENNESSEE JULY -11.67% -4.76% -1.29% 2007 24 MAINE AUG. -11.32% -6.92% -1.50% 2008 25 LOUISIANA AUG. -11.26% 0.10% -6.00% 2006 26 WISCONSIN AUG. -10.82% -3.98% -2.91% 2007 27 KENTUCKY AUG. -9.09% -3.23% -0.42% 2007 28 COLORADO JULY -9.03% 0.00% -5.91% 2007 29 NORTH CAROLINA JULY -8.71% -2.17% 1.30% 2007 30 PENNSYLVANIA AUG. -8.13% -3.69% -0.03% 2007 31 NEBRASKA JUNE -7.11% -1.23% -2.12% 2006 32 OKLAHOMA JULY -6.59% -2.52% 1.93% 2008 33 SOUTH CAROLINA AUG. -6.49% -3.35% 1.00% 2007 34 IOWA JULY -4.74% 0.12% 0.29% 2008 35 ARKANSAS AUG. -4.44% -2.10% 0.80% 2008 36...

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