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America’s Best and Worst Housing Markets: The Winners Aren’t Who You Think

EMD ranks all 50 states by annual home price appreciation. Alaska leads the second quarter comparison, while New Mexico ranks last.

America’s Best and Worst Housing Markets: The Winners Aren’t Who You Think

America’s hottest housing market is Alaska. Its weakest is New Mexico. If your real estate strategy still starts with yesterday’s boomtown headlines, the latest numbers deserve your attention. EMD ranked all 50 states by annual home price appreciation in FHFA’s seasonally adjusted purchase only index for the second quarter of 2026. This measures price performance, not affordability, rental returns or overall investment quality. The national gain was 2.1%. For existing owners, stronger appreciation can build equity. For buyers, slower markets…

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