A table of metropolitan statistical areas (MSAs) ranked by deceleration in year-ago change in home price index from first-quarter 2001 to third-quarter 2001. From left to right for each MSA, the table shows annual percentage changes in the Office of Federal Housing Enterprise Oversight (OFHEO) home price index for 1998-2000 (annual average), for each of the first three quarters in 2001, nonfarm employment for 1998-2000 (annual average), and nonfarm employment during 2001. The nation as a whole had a 6.9 percent change in the OFHEO home price index in 1998-2000; a 9.5 percent change in first-quarter 2001; a 9.0 percent change in second-quarter 2001; and an 8.4 percent change in third-quarter 2001. It had a 2.3 percent change in nonfarm employment in 1998-2000 and a 0.3 percent change in 2001.

The San Jose, CA, PMSA had a 19.9 percent change in the OFHEO home price index in 1998-2000; a 24.0 percent change in first-quarter 2001; a 17.2 percent change in second-quarter 2001; and an 8.9 percent change in third-quarter 2001. It had a 3.5 percent change in nonfarm employment in 1998-2000 and a 0.0 percent change in 2001.

The Santa-Cruz Watsonville, CA, PMSA had a 19.0 percent change in the OFHEO home price index in 1998-2000; a 25.9 percent change in first-quarter 2001; a 16.9 percent change in second-quarter 2001; and a 10.8 percent change in third-quarter 2001. Changes in nonfarm employment were not available.

The San Francisco, CA, PMSA had a 19.1 percent change in the OFHEO home price index in 1998-2000; a 19.5 percent change in first-quarter 2001; a 13.6 percent change in second-quarter 2001; and an 8.8 percent change in third-quarter 2001. It had a 3.5 percent change in nonfarm employment in 1998-2000 and a 1.9 percent change in 2001.

The Utica-Rome, NY, MSA had a 2.7 percent change in the OFHEO home price index in 1998-2000; a 16.7 percent change in first-quarter 2001; a 9.3 percent change in second-quarter 2001; and a 5.9 percent change in third-quarter 2001. It had a 2.5 percent change in nonfarm employment in 1998-2000 and a 0.1 percent change in 2001.

The Jacksonville, NC, MSA had a 3.5 percent change in the OFHEO home price index in 1998-2000; a 9.9 percent change in first-quarter 2001; a 6.9 percent change in second-quarter 2001; and a 0.1 percent change in third-quarter 2001. Changes in nonfarm employment were not available.

The Santa Rosa, CA, PMSA had an 18.8 percent change in the OFHEO home price index in 1998-2000; a 22.5 percent change in first-quarter 2001; a 19.6 percent change in second-quarter 2001; and a 14.0 percent change in third-quarter 2001. It had a 3.8 percent change in nonfarm employment in 1998-2000 and a 1.7 percent change in 2001.

The Oakland, CA, PMSA had a 17.5 percent change in the OFHEO home price index in 1998-2000; a 21.8 percent change in first-quarter 2001; a 17.7 percent change in second-quarter 2001; and a 14.0 percent change in third-quarter 2001. It had a 3.5 percent change in nonfarm employment in 1998-2000 and a 2.2 percent change in 2001.

The Merced, CA, MSA had an 8.0 percent change in the OFHEO home price index in 1998-2000; a 24.4 percent change in first-quarter 2001; a 20.5 percent change in second-quarter 2001; and a 16.6 percent change in third-quarter 2001. Changes in nonfarm employment were not available.

The Austin-San Marcos, TX, MSA had an 11.8 percent change in the OFHEO home price index in 1998-2000; a 15.4 percent change in first-quarter 2001; an 11.9 percent change in second-quarter 2001; and an 8.2 percent change in third-quarter 2001. It had a 1.5 percent change in nonfarm employment in 1998-2000 and a 2.3 percent change in 2001.

The Victoria, TX, MSA had a 1.8 percent change in the OFHEO home price index in 1998-2000; a 7.2 percent change in first-quarter 2001; a 5.5 percent change in second-quarter 2001; and a 0.3 percent change in third-quarter 2001. It had a 1.5 percent change in nonfarm employment in 1998-2000 and a 2.1 percent change in 2001.

The Brownsville-Harlingen-San Benito, TX, MSA had a 3.4 percent change in the OFHEO home price index in 1998-2000; a 13.0 percent change in first-quarter 2001; a 5.9 percent change in second-quarter 2001; and a 6.5 percent change in third-quarter 2001. It had a 4.7 percent change in nonfarm employment in 1998-2000 and a 3.1 percent change in 2001.

The Bryan-College Station, TX, MSA had a 5.1 percent change in the OFHEO home price index in 1998-2000; an 11.0 percent change in first-quarter 2001; a 2.1 percent change in second-quarter 2001; and a 4.8 percent change in third-quarter 2001. It had a 3.1 percent change in nonfarm employment in 1998-2000 and a 0.6 percent change in 2001.

The Fargo-Moorhead, ND, MSA had a 2.8 percent change in the OFHEO home price index in 1998-2000; an 11.0 percent change in first-quarter 2001; a 6.4 percent change in second-quarter 2001; and a 4.8 percent change in third-quarter 2001. It had a 1.5 percent change in nonfarm employment in 1998-2000 and a -0.3 percent change in 2001.

The Binghamton, NY, MSA had a 3.6 percent change in the OFHEO home price index in 1998-2000; an 8.6 percent change in first-quarter 2001; a 10.0 percent change in second-quarter 2001; and a 3.0 percent change in third-quarter 2001. It had a 2.6 percent change in nonfarm employment in 1998-2000 and a 0.2 percent change in 2001.

The Goldsboro, NC, MSA had a 4.1 percent change in the OFHEO home price index in 1998-2000; a 7.9 percent change in first-quarter 2001; a 2.3 percent change in second-quarter 2001; and a 2.8 percent change in third-quarter 2001. Changes in nonfarm employment were not available.

The Bangor, ME, NECMA had a 3.2 percent change in the OFHEO home price index in 1998-2000; a 14.5 percent change in first-quarter 2001; a 6.1 percent change in second-quarter 2001; and a 6.9 percent change in third-quarter 2001. Changes in nonfarm employment were not available.

The Jackson, TN, MSA had a 2.5 percent change in the OFHEO home price index in 1998-2000; a 6.4 percent change in first-quarter 2001; a 3.5 percent change in second-quarter 2001; and a 1.7 percent change in third-quarter 2001. Changes in nonfarm employment were not available.

The Rocky Mount, NC, MSA had a 3.6 percent change in the OFHEO home price index in 1998-2000; a 9.9 percent change in first-quarter 2001; a 6.0 percent change in second-quarter 2001; and a 5.3 percent change in third-quarter 2001. Changes in nonfarm employment were not available.

The Salinas, CA, MSA had a 17.2 percent change in the OFHEO home price index in 1998-2000; a 23.8 percent change in first-quarter 2001; a 22.3 percent change in second-quarter 2001; and a 19.6 percent change in third-quarter 2001. It had a 3.4 percent change in nonfarm employment in 1998-2000 and a 0.9 percent change in 2001.

The Yakima, WA, MSA had a 2.2 percent change in the OFHEO home price index in 1998-2000; a 7.7 percent change in first-quarter 2001; a 6.4 percent change in second-quarter 2001; and a 3.5 percent change in third-quarter 2001. Changes in nonfarm employment were not available.

The Hagerstown, MD, PMSA had a 3.0 percent change in the OFHEO home price index in 1998-2000; a 9.1 percent change in first-quarter 2001; a 5.9 percent change in second-quarter 2001; and a 5.0 percent change in third-quarter 2001. Changes in nonfarm employment were not available.

The Atlantic City-Cape May, NJ, PMSA had a 7.9 percent change in the OFHEO home price index in 1998-2000; a 12.9 percent change in first-quarter 2001; an 11.2 percent change in second-quarter 2001; and an 8.8 percent change in third-quarter 2001. It had a 1.8 percent change in nonfarm employment in 1998-2000 and a 0.9 percent change in 2001.

The Hartford, CT, NECMA had a 6.3 percent change in the OFHEO home price index in 1998-2000; an 11.4 percent change in first-quarter 2001; an 8.7 percent change in second-quarter 2001; and a 7.4 percent change in third-quarter 2001. It had a 1.2 percent change in nonfarm employment in 1998-2000 and a -0.5 percent change in 2001.

The Naples, FL, MSA had a 9.6 percent change in the OFHEO home price index in 1998-2000; a 16.7 percent change in first-quarter 2001; a 13.7 percent change in second-quarter 2001; and a 12.8 percent change in third-quarter 2001. Changes in nonfarm employment were not available.

The Youngstown-Warren, OH, MSA had a 3.7 percent change in the OFHEO home price index in 1998-2000; an 8.5 percent change in first-quarter 2001; a 6.4 percent change in second-quarter 2001; and a 4.6 percent change in third-quarter 2001. It had a 0.1 percent change in nonfarm employment in 1998-2000 and a -1.5 percent change in 2001.

The Lakeland-Winter Haven, FL, MSA had a 3.8 percent change in the OFHEO home price index in 1998-2000; an 11.4 percent change in first-quarter 2001; a 7.2 percent change in second-quarter 2001; and a 7.6 percent change in third-quarter 2001. It had a 2.6 percent change in nonfarm employment in 1998-2000 and a 2.2 percent change in 2001.

The Dover, DE, MSA had a 1.7 percent change in the OFHEO home price index in 1998-2000; a 9.0 percent change in first-quarter 2001; a 6.1 percent change in second-quarter 2001; and a 5.2 percent change in third-quarter 2001. It had a 2.5 percent change in nonfarm employment in 1998-2000 and a 1.9 percent change in 2001.

The Vallejo-Fairfield-Napa, CA, PMSA had a 15.0 percent change in the OFHEO home price index in 1998-2000; a 20.0 percent change in first-quarter 2001; an 18.6 percent change in second-quarter 2001; and a 16.2 percent change in third-quarter 2001. It had a 4.7 percent change in nonfarm employment in 1998-2000 and a 2.8 percent change in 2001.

The Rochester, MN, MSA had an 11.0 percent change in the OFHEO home price index in 1998-2000; an 11.6 percent change in first-quarter 2001; an 8.6 percent change in second-quarter 2001; and a 7.9 percent change in third-quarter 2001. It had a 4.1 percent change in nonfarm employment in 1998-2000 and a 2.4 percent change in 2001.

The Florence, AL, MSA had a 0.3 percent change in the OFHEO home price index in 1998-2000; a 9.1 percent change in first-quarter 2001; a 6.7 percent change in second-quarter 2001; and a 5.4 percent change in third-quarter 2001. Changes in nonfarm employment were not available.

The Abilene, TX, MSA had a 3.0 percent change in the OFHEO home price index in 1998-2000; a 5.6 percent change in first-quarter 2001; a 2.7 percent change in second-quarter 2001; and a 1.9 percent change in third-quarter 2001. It had a -1.0 percent change in nonfarm employment in 1998-2000 and a -1.2 percent change in 2001.

The Pine Bluff, AR, MSA had a 2.0 percent change in the OFHEO home price index in 1998-2000; a 5.8 percent change in first-quarter 2001; an 11.2 percent change in second-quarter 2001; and a 2.2 percent change in third-quarter 2001. It had a 0.7 percent change in nonfarm employment in 1998-2000 and a -1.7 percent change in 2001.

The Sharon, PA, MSA had a 6.4 percent change in the OFHEO home price index in 1998-2000; an 11.0 percent change in first-quarter 2001; a 5.0 percent change in second-quarter 2001; and a 7.5 percent change in third-quarter 2001. It had a 1.5 percent change in nonfarm employment in 1998-2000 and a -0.6 percent change in 2001.

PMSA = Primary Metropolitan Statistical Area

NECMA = New England County Metropolitan Area