Housing and mortgage valuations are driven by the interaction between unemployment, income, foreclosures and HPI
Rank by Individual Variable
| State | Combined Rank | Rank by Unemployment* | Rank by Mean Income** | Rank by # of Foreclosures*** | Rank by % with FCs**** | Rank by Overall HPI Change [(Q1'11-Q1'03)/Q1'03]***** |
| Michigan | 1 | 3 | 26 |
4
|
6
|
1
|
|
Arizona
|
2
|
7 | 34 |
3
|
2
|
8
|
|
California
|
3 | 2 | 44 |
1
|
3
|
5
|
|
Georgia
|
4 | 11 | 30 |
5
|
7
|
3
|
|
Ohio
|
5 | 18 | 15 |
9
|
11
|
4
|
|
Nevada
|
6 | 1 | 45 |
8
|
1
|
2
|
|
Florida
|
7 | 6 | 36 |
2
|
8
|
7
|
|
South Carolina
|
8 | 9 | 12 |
20
|
17
|
21
|
|
Illinois
|
9 |
13
|
39 | 7 |
9
|
11 |
|
Idaho
|
10 | 19 | 17 |
25
|
5
|
14
|
| * |
Higher Unemployment yields Lower Rank (i.e. State with the highest unemployment will be ranked 1st).
Data obtained from: Bureau of Labor Statistics |
| ** |
Lower Income yields Lower Rank.
Data obtained from: RealtyTrac |
| *** |
Higher number of Foreclosures yields Lower Rank.
Data obtained from: RealtyTrac |
| **** |
Higher percent of Foreclosures yields Lower Rank.
Data obtained from: RealtyTrac |
| ***** |
Smaller change in HPI yields Lower Rank.
Data obtained from: Federal Housing Finance Agency |
| Full Rankings: | Map of all States by Individual Variable Ranking |
| Map of all States by Combined Ranking of Two Variables | |
| Map of all States by Combined Ranking of Three Variables | |
| Map of all States by Combined Ranking of Four Variables | |
| Map of all States by Combined Ranking of All Variables |