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Home > Industry Analysis > Research & Analysis > Housing Market Strengths and Risks |
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Housing Market Strengths and Risks |
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As Recession Evolved, Home Price Appreciation Waned Through 2001 ...Further Deceleration in Growth (or Declines) May Be Possible in 2002 |
| MSAs Ranked by Deceleration in Home Price Index between first quarter and fourth quarter 2001 | Annual Percent Changes, OFHEO Home Price Index |
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|---|---|---|---|
| 1998-2000, Average | 2001, First Quarter | 2001, Fourth Quarter | |
| United States | 6.3 | 9.6 | 6.9 |
| San Jose CA PMSA | 17.7 | 24.4 | 0.6 |
| Santa Cruz-Watsonville CA PMSA | 16.8 | 25.7 | 5.9 |
| San Francisco CA PMSA | 16.5 | 19.4 | 3.5 |
| Salinas CA MSA | 13.7 | 24.3 | 9.4 |
| Santa Rosa CA PMSA | 14.8 | 22.7 | 8.6 |
| Oakland CA PMSA | 14.7 | 22.3 | 8.2 |
| Austin-San Marcos TX MSA | 9.4 | 15.2 | 5.0 |
| Merced CA MSA | 6.4 | 24.6 | 15.7 |
| Jamestown NY MSA | 4.9 | 9.9 | 1.6 |
| Stockton-Lodi CA MSA | 9.0 | 22.8 | 14.9 |
| Wheeling WV-OH MSA | 4.1 | 10.8 | 3.7 |
| Goldsboro NC MSA | 4.0 | 7.9 | 0.9 |
| Cumberland MD-WV MSA | 2.7 | 8.6 | 1.8 |
| Lewiston-Auburn ME NECMA | 4.2 | 14.0 | 7.1 |
| Bangor ME NECMA | 3.7 | 13.2 | 6.5 |
| Fargo-Moorhead ND-MN MSA | 4.0 | 11.1 | 4.6 |
| Barnstable-Yarmouth MA NECMA | 12.8 | 17.6 | 12.5 |
| Pine Bluff AR MSA | 2.2 | 6.6 | 0.3 |
| Dubuque IA MSA | 3.9 | 8.8 | 2.5 |
| Boulder-Longmont CO PMSA | 10.9 | 14.6 | 8.3 |
| Denver CO PMSA | 11.1 | 13.7 | 7.9 |
| Utica-Rome NY MSA | 3.5 | 14.6 | 9.1 |
| Vallejo-Fairfield-Napa CA PMSA | 11.8 | 20.0 | 14.7 |
| Bryan-College Station TX MSA | 4.8 | 11.1 | 5.8 |
| San Diego CA MSA | 11.8 | 15.6 | 10.4 |
| San Luis Obispo-Atascadero-Paso Robles CA MSA | 11.4 | 19.2 | 14.2 |
| Tucson AZ MSA | 3.3 | 8.6 | 3.6 |
| Jersey City NJ PMSA | 8.0 | 11.1 | 6.2 |
| Clarksville-Hopkinsville TN-KY MSA | 3.3 | 9.1 | 4.2 |
| Rapid City SD MSA | 6.2 | 8.9 | 4.1 |
| La Crosse WI-MN MSA | 5.7 | 7.4 | 2.6 |
| St. Cloud MN MSA | 6.9 | 10.4 | 5.7 |