Home Values Decline

I thought this was an interesting article... I am glad I live in Arizona where the picture is a little brighter than in other areas of the country. I read this in "National Realty News"

West South Central Division (AR, LA, OK, TX): increased 1.2 percent (4.8 percent, annualized) in the third quarter of 2007. Over the last 12 months, home values increased 5.6 percent, and during the last five years, home values increased 30.9 percent.
East South Central Division (AL, KY, MS, TN): increased 0.8 percent (3.4 percent, annualized) in the third quarter of 2007. Over the last 12 months, home values increased 5.2 percent, and during the last five years, home values increased 31.8 percent.
Mountain Division (AZ, CO, ID, MT, NM, NV, UT, WY): increased 0.5 percent (1.9 percent, annualized) in the third quarter of 2007. In the last 12 months, home values increased 4.3 percent; during the last five years, home values increased 54.2 percent.
Middle Atlantic Division (NJ, NY, PA): decreased 0.1 percent (-0.5 percent, annualized) in the third quarter of 2007. Over the last 12 months, home values increased 2.2 percent, and during the last five years, home values increased 59.5 percent.
West North Central Division (IA, KS, MN, MO, ND, NE, SD): decreased 0.3 percent (-1.2 percent, annualized) in the second quarter of 2007. Over the last 12 months, home values increased 1.8 percent; over the last five years, home values increased 28.2 percent.
South Atlantic Division (DC, DE, FL, GA, MD, NC, SC, VA, WV): decreased 0.6 percent (-2.3 percent, annualized) in the third quarter of 2007. Over the last 12 months, home values increased 2.1 percent, and during the last five years, home values increased 59.9 percent.
New England Division (CT, MA, ME, NH, RI, VT): decreased 0.9 percent (-3.4 percent, annualized) in the third quarter of 2007. Over the last 12 months, home values decreased 0.6 percent, and during the last five years, home values increased 40.9 percent.
East North Central Division (IL, IN, MI, OH, WI): decreased 0.9 percent (-3.4 percent, annualized) in the third quarter of 2007. Over the last 12 months, home values increased 0.6 percent, and during the last five years, home values increased 21.6 percent.
Pacific Division (AK, CA, HI, OR, WA): decreased 0.9 percent (-3.5 percent, annualized) in the third quarter of 2007. Over the last 12 months, home values decreased 0.1 percent, and during the last five years, home values have increased 77.7 percent.