Rank: 3
Home price forecast: -24.5%
(one year, forecast through March 2010)
Population: (2006) |
1,984,855 |
Median family income: (2008) |
$59,200 |
Median home price: (2008) |
$218,000 |
Affordability index: (2008 median home price/family income) |
3.7 |
| Prices peaked in: |
2006:Q2 |
Total climb during the boom: (2000 to peak) |
132.3% |
Total decline so far: (Peak through 2008) |
-40.4% |
One-year change: (Q4 2007 to Q4 2008) |
-30.5% |
Price change : (from peak to bottom) |
-65.3% |
| When they'll hit bottom: |
2011:Q2 |
| At bottom, prices will drop to levels last seen in: |
1990:Q3 |
|