Iowa home prices rise as national prices fall - KWWL - Eastern Iowa Breaking News, Weather, Closings

Iowa home prices rise as national prices fall

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WATERLOO (KWWL) -- Despite home prices across the country dropping more than 11% from last year, Iowa seems to be avoiding the trend.

September home prices in Iowa actually rose 0.91% from september 2007, according to real-estate group First American CoreLogic. Home prices in the Waterloo-Cedar Falls market also rose slightly. In fact -- the midwest in general faired far better than the rest of the nation. California saw the biggest drop in home prices, while west virginia saw the biggest increase.

Here's the complete report from First American CoreLogic:

12-month Change by State as of September 2008

State

September 2008

California

-29.85%

Nevada

-24.99%

Arizona

-21.09%

Florida

-17.54%

Rhode Island

-14.96%

Hawaii

-14.30%

Minnesota

-9.71%

Wyoming

-8.92%

Washington

-8.80%

Michigan

-8.01%

New Hampshire

-7.52%

Maryland

-7.39%

Illinois

-6.93%

Oregon

-6.44%

New Jersey

-6.21%

District of Columbia

-6.12%

Virginia

-6.08%

Connecticut

-5.92%

Massachusetts

-5.85%

Ohio

-5.38%

New York

-5.24%

Alabama

-4.88%

Georgia

-4.87%

Wisconsin

-3.75%

Pennsylvania

-3.65%

Colorado

-3.39%

Tennessee

-2.75%

Louisiana

-1.45%

Nebraska

-1.44%

South Carolina

-1.23%

Delaware

-1.20%

Alaska

-0.90%

Kentucky

-0.87%

North Carolina

-0.73%

Idaho

-0.35%

Utah

0.00%

North Dakota

0.43%

Oklahoma

0.61%

Arkansas

0.62%

New Mexico

0.72%

Vermont

0.76%

Maine

0.79%

Iowa

0.92%

Missouri

1.12%

Kansas

1.38%

Montana

1.48%

Indiana

1.98%

Mississippi

2.14%

South Dakota

2.17%

Texas

2.61%

West Virginia

4.60%

Source: First American CoreLogic, LoanPerformance HPI, Single Family Detached Series as of September 2008

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