First American LoanPerformance says California is again the nation’s worst housing market with prices falling at a 24.37% annual rate as of late April. California has held this dubious distinction since May ‘07.
Following California in April price tumbles: Florida at -17.11%; Nevada at -16.61%; Arizona at -15.78%; and Ohio at -13.41%.
National best was Utah, up 4.13%, and Montana, +4.12%. Only 17 of the 50 states and District of Columbia showed price gains in the year, according to FALP’s math that tracks “paired sales” — gains or losses on individual homes.
To check out more, and to see what others have to say about it, check out Lasner’s blog on real estate.