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The 100 Major Markets
While currently hot real estate markets may cool, don't look for many outright losers just yet.
June 1, 2005: 7:01 PM EDT

NEW YORK (MONEY Magazine) - Home prices across the country will likely keep rising over the next year. While many hot markets on both coasts could see a dramatic slowdown in their growth rates, the forecasters at housing research firm Case Shiller Weiss aren't predicting outright losers anywhere.

Nationally, home values climbed 14 percent last year, or nearly double the 8 percent of 2003, when the bubble talk began in earnest.

Prices are up 20 percent or more in some coastal cities, putting homes out of reach for many. In Los Angeles, for example, just 5 percent of homes sell at prices affordable to a median-income local family.

Don't panic just yet, though. Any pop is unlikely to be nearly as severe as what can happen in the stock market. Local markets can drop 10 to 20 percent, but that's about as bad as it usually gets.

And a crash is merely a paper loss as long as you don't need to move. Meanwhile, you get a roof over your head and, with a little luck, nice neighbors and good public schools too.  Top of page

Metro area Median home price 5yr change in avg home price Growth forecast to June 2006
United States $190,000 65.1% 7.1%
New York/Northern New Jersey/Long Island/Connecticut      
   New York City $435,000 91.2% 12.6%
   Nassau/Suffolk, N.Y. $440,000 92.1% 11.6%
   Newark $330,000 79.0% 11.4%
   Bergen/Passaic, N.J. $390,000 81.9% 11.3%
   Middlesex/Somerset/Hunterdon, N.J. $318,000 87.4% 11.1%
   Monmouth/Ocean, N.J. $328,000 97.0% 11.3%
   Jersey City $300,000 114.2% N.A.
   New Haven/Bridgeport/Stamford/Waterbury/Danbury $335,000 69.7% 9.0%
   Trenton $230,000 83.4% 11.0%
Los Angeles/Riverside/Orange County      
   Los Angeles/Long Beach $442,000 122.3% 5.0%
   Riverside/San Bernardino, Calif. $329,000 137.3% 4.5%
   Orange County, Calif. $610,000 126.3% 6.8%
   Ventura, Calif. $550,000 122.6% 5.8%
Chicago $254,000 49.6% 8.6%
Washington/Baltimore      
   Washington $385,000 107.4% 13.9%
   Baltimore $140,000 85.3% 14.2%
San Francisco/Oakland/San Jose      
   Oakland $535,000 96.3% 13.3%
   San Francisco $750,000 67.7% 13.6%
   San Jose $619,000 63.0% 13.9%
   Vallejo/Fairfield/Napa, Calif. $449,000 125.1% 13.8%
   Santa Rosa, Calif. $500,000 107.8% 13.2%
   Santa Cruz/Watsonville, Calif. $599,000 86.2% 13.0%
Boston/Worcester/Lawrence/Lowell/Brockton $339,000 73.6% 8.0%
Dallas/Fort Worth      
   Dallas $137,000 23.1% N.A.
   Fort Worth/Arlington N.A. 23.5% N.A.
Philadelphia/Wilmington/Atlantic City      
   Philadelphia $180,000 71.0% 11.7%
   Atlantic/Cape May, N.J. $249,000 112.6% 9.4%
Detroit/Ann Arbor/Flint      
   Detroit $160,000 24.3% 4.3%
   Ann Arbor $225,000 28.1% 1.2%
Houston $136,000 25.2% N.A.
Atlanta $188,000 25.2% 6.4%
Miami/Fort Lauderdale      
   Miami $240,000 106.1% 15.3%
   Fort Lauderdale $257,000 105.8% 16.3%
Phoenix/Mesa $190,000 53.1% 17.7%
Seattle/Tacoma/Bremerton      
   Seattle/Bellevue/Everett $315,000 38.1% 9.1%
   Tacoma, Wash. $212,000 36.9% 4.2%
Minneapolis/St. Paul $225,000 63.2% 7.4%
Cleveland/Akron      
   Cleveland/Lorain/Elyria $153,000 20.0% 4.3%
   Akron $148,000 17.5% 0.7%
San Diego $554,000 138.3% 5.9%
St. Louis $129,000 38.1% N.A.
Tampa/St. Petersburg/Clearwater $172,000 70.8% 14.7%
Pittsburgh $108,000 31.1% N.A.
Denver $250,000 33.3% 6.0%
Cincinnati/Hamilton      
   Cincinnati $172,000 18.9% 4.0%
   Hamilton/Middletown, Ohio $182,000 20.5% 3.2%
Portland, Ore./Vancouver $226,000 36.6% 9.8%
Sacramento/Yolo      
   Sacramento $376,000 131.1% 17.1%
   Yolo, Calif. $379,000 140.9% 17.4%
Kansas City, Mo. $149,000 30.8% N.A.
Orlando $195,000 60.6% 14.3%
Indianapolis $113,000 18.8% N.A.
San Antonio $123,000 24.8% N.A.
Norfolk/Virginia Beach/Newport News $168,000 60.9% N.A.
Las Vegas $285,000 107.0% N.A.
Columbus, Ohio $172,000 22.7% 3.7%
Milwaukee/Waukesha $199,000 40.5% N.A.
Charlotte/Gastonia/Rock Hill, N.C. N.A. 19.1% N.A.
Salt Lake City/Ogden $155,000 -0.2% 0.0%
Austin/San Marcos $151,000 24.9% N.A.
Nashville $139,000 19.3% 6.4%
Providence/Warwick/Pawtucket $257,000 111.7% 17.7%
Raleigh/Durham $186,000 18.9% N.A.
Hartford $228,000 54.1% 8.9%
Buffalo/Niagara Falls $95,000 27.00% N.A.
Memphis $126,000 11.5% 3.2%
West Palm Beach/Boca Raton, Fla. $282,000 98.0% 21.0%
Jacksonville, Fla. $154,000 57.4% N.A.
Dayton/Springfield, Ohio $135,000 15.1% 0.3%
Fresno $243,000 129.1% N.A.
Tucson $179,000 46.6% 8.5%
Albuquerque $146,000 13.3% 1.4%
Knoxville $121,000 27.3% 7.0%
Bakersfield, Calif. $195,000 114.1% N.A.
Toledo $124,000 19.7% 0.6%
Youngstown/Warren, Ohio $90,000 15.0% 1.8%
Springfield, Mass. $182,000 64.1% 10.5%
Sarasota/Bradenton $229,000 83.5% 17.0%
Stockton/Lodi, Calif. $370,000 126.9% 21.8%
Daytona Beach, Fla. $153,000 79.9% 22.0%
Lakeland/Winter Haven, Fla. $133,000 46.5% 9.8%
Johnson City/Kingsport/Bristol (Tenn./Va.) $90,000 16.2% 4.8%
Lansing/East Lansing $134,000 33.0% 2.9%
Modesto, Calif. $305,000 140.5% 15.2%
Fort Myers/Cape Coral, Fla. $124,000 92.1% 15.1%
Canton/Massillon, Ohio $129,000 16.7% 2.2%
Salinas, Calif. $526,000 136.2% N.A.
Santa Barbara/Santa Maria/Lompoc $445,000 147.9% N.A.
Visalia/Tulare/Porterville, Calif. $190,000 86.1% N.A.
Fort Pierce/Port St. Lucie, Fla. $280,000 99.8% 13.7%
New London/Norwich, Conn. $226,000 71.9% 6.3%
Naples, Fla. $300,000 109.3% 22.4%
San Luis Obispo/Atascadero/Paso Robles, Calif. $475,000 137.7% 11.3%
Merced, Calif. $270,000 126.2% 16.6%
Clarksville/Hopkinsville (Tenn./Ky.) $95,000 15.3% 4.2%
Chico/Paradise, Calif. $250,000 119.6% 15.2%
Burlington, Vt. $226,000 62.7% 7.8%
Barnstable/Yarmouth, Mass. $369,000 115.7% 5.6%
Punta Gorda, Fla. $154,000 98.1% 17.5%
Pittsfield, Mass. $165,000 57.8% 11.1%
NOTES: Data as of 2004 unless otherwise noted.
N.A.: Not applicable or not available.
SOURCES: Fiserv CSW, U.S. Census Bureau, U.S. Department of Housing and Development, National Association of Realtors.

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