cities – so often on or near the top 20 in the nation for home appreciation
rates – were mostly average performers in the Federal Housing Finance Agency’s
first quarter of 2011 House Price Index.
County ranked 173 out of 309 metropolitan statistical areas, the third highest
of seven Colorado metros on the list, with home prices dropping 2.76 percent
compared with the year before.
Fort Collins-Loveland metro area ranked the highest among the Colorado metro
areas on the list at 107, with Larimer County home prices dipping just 1.49
Junction’s prices sunk the lowest – by 10.67 percent – in the first quarter
compared with 2010, earning it a ranking of 303 and a place in the
bottom 20 for appreciation rates.
home prices fell 5.5 percent in the first quarter compared with the first
quarter of 2010, and Colorado’s dropped 6.03 percent. It ranked 35
out of 51 states for home price appreciation rates, though it tied with
Minnesota for the year-over-year rate.
Alaska’s home prices held up the best
compared with the nation, increasing 2.73 percent in the first quarter of 2011
compared with the same period last year, followed by West Virginia (2.24
percent), North Dakota (1.08 percent), Arkansas (-0.50 percent) and Rhode
Island (-0.52 percent).