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The state is no longer the nation's worst housing market. April pricing data shows that Nevada is worse off, with annualized losses of 25 percent, followed by California at 23.8 percent. (As is always the case, the numbers will vary a lot depending on specific location.) From Lansner on Real Estate:
Our stay at the bottom ended back in January. Older data had California at the bottom as recently as March. California now shows up as the nation's biggest losses for 20 consecutive months from May 2007 through December 2008.
Oh, based on the data from First American LoanPerformance, the best housing market is West Virginia, with yearly gains of 5.23 percent. Get your bags packed.
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.