Where Are the Hottest Real Estate States?

With all the doom and gloom in the media about real estate, they make you think that all real estate prices are producing negative growth. According to USAA Insurance Group, while residential real estate in general has been negative in growth, there are some parts of the country that are still doing well and above average - well above where they were five years ago.

You should also understand that areas showing up with falling prices will mean more restrictions in the lending area - including potential low ball appraisals.

Here are some informative guidelines for purchasing real estate in a tough economy - click "here."

Hottest States across the Nation - as of Summer 2008

Utah is up 9.27% for a one year growth/54.26% for a 5 year growth.

Wyoming is up 8.27% for a one year growth/64.47% for a 5 year growth.

North Dakota is up 8.27% for a one year growth/41.11% for a 5 year growth.

Montana is up 6.90% for a one year growth/62.34% for a 5 year growth.

Washington is up 5.44% for a one year growth/66.85% for a 5 year growth.

New Mexico is up 5.39% for a one year growth/56.20% for a 5 year growth.

Texas is up 5.21% for a one year growth/25.27% for a 5 year growth.

Oklahoma is up 5.13% for a one year growth/26.98% for a 5 year growth.

Northern California is up 4.85% for a one year growth/32.05% for a 5 year growth.

The Worst States across the Nation

California is down 6.55% for one year loss/up 69.09% for a 5 year growth average.

Nevada is down 5.86% for a one year loss/up 75.63% for a 5 year growth average.

Florida is down 4.69% for a one year loss/up 77.90% for a 5 year growth average.

Michigan is down 4.27% for a one year loss/up 5.66% for a 5 year growth average.

Rhode Island is down 2.56% for a one year loss/up 51.21% for a 5 year growth average.

Arizona is down 2.40% for a one year loss/up 80.40% for a 5 year growth average.

Massachusetts is down 2.17% for a one year loss/up 28.08% for a 5 year growth average.

Minnesota is down 1.15% for a one year loss/up 28.58% for a 5 year growth average.

New Hampshire is down 0.61% for a one year loss/up 24.60% for a 5 year growth average.

Ohio is down 0.42% for a one year loss/up 11.47% for a 5 year growth average.

Remember, location in real estate is regional. So don't be alarm based on national or state averages. One neighborhood in one part of a city can thrive - while another part of the city can feel the affects of this real estate market. Always do your own due diligence.

Source: USAA Insurance Group/Office of Federal Housing Enterprise