Rank: 6
Home price forecast: -19.1%
(one year, forecast through March 2010)
Population: (2006) |
2,697,731 |
Median family income: (2008) |
$56,500 |
Median home price: (2008) |
$181,000 |
Affordability index: (2008 median home price/family income) |
3.2 |
| Prices peaked in: |
2006:Q2 |
Total climb during the boom: (2000 to peak) |
130.6% |
Total decline so far: (Peak through 2008) |
-33.4% |
One-year change: (Q4 2007 to Q4 2008) |
-20.9% |
Price change : (from peak to bottom) |
-52.6% |
| When they'll hit bottom: |
2011:Q1 |
| At bottom, prices will drop to levels last seen in: |
2001:Q1 |
|