Some significant findings from the report:
- House prices have risen for 36 consecutive quarters, or since September 2011.
- House prices rose in all 50 states and the District of Columbia between the second quarters of 2019 and 2020.
The top five areas for annual appreciation were:
1) Idaho 10.8%
2) Arizona 9.1%
3) Washington 8.6%
4) Utah 8.1%
5) New Mexico 7.7%.
Idaho has been the leading state for the last 7 quarters.
Colorado showed annual appreciation of 4.4%.
The areas showing the lowest annual appreciation were:
1) West Virginia 1.1%
2) North Dakota 1.1%
3) District of Columbia 1.4%
4) Illinois 2.5%
5) Alaska 2.6%.
House prices rose in 99 of the top 100 largest metropolitan areas in the U.S. over the last four quarters.
Annual price increases were greatest in Honolulu, HI, where prices increased by 11.7%.
Prices were weakest in San Francisco, where they decreased by 0.3%.
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