Home Prices in Q4 2008: More than 50% of U.S. States Showed Positive Growth in Home Prices

The OFHEO Price Index data was just released for the fourth quarter of 2008 and my friend and co-author at the Mackinac Center for Public Policy, James Hohman, points out the following:

• There were 28 states that had positive quarterly growth in house prices for the fourth quarter of 2008, including Michigan.
  
  
• There were 17 states that had positive home price growth in 2008, and 14 of them were Right-to-Work states.