Well, not exactly.
The OFHEO press release said Housing Price Appreciation Slows From Record-Setting Pace, But Remains Strong [pdf]
12.02% Annualized Appreciation Nationwide
2.86% Appreciation From Prior Quarter
Price Momentum In the Pacific and Northeast has pulled back
The coasts are seeing the greatest rates of appreciation because there is less excess land, and therefore more price volatility.
US Census Division Map: Change in House Prices By Region
US Census Division Map: Change in House Prices By State