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1. Santa Rosa, CA
Santa Rosa
Home price forecast (1 year):* 6.0%
Many cities close to the Bay Area saw a huge run-up in home prices during the boom as real estate buyers branched out to less expensive markets. Santa Rosa, the largest city in northern California's wine country, was no exception: Prices grew more than 121% from 2000 to the early 2006 peak.

They've since plunged more than 45%. But forecasts show the decline is over and Santa Rosa prices will gain 6% this year, more than any other U.S. city. --Les Christie
See Santa Rosa on Money's Best Places to Live
Is this a good time to buy a home in Santa Rosa?
Population:
(2006)
466,891
Median family income:
(2008)
$77,800
Median home price:
(2009)
$345,000
Affordability index:
(Median home price/family income 2009)
4.4
Prices peaked in: 2006:Q1
Total climb during the boom:
(2000 to peak)
121.7%
Total decline so far:
(Peak through 2009)
-45.6%
One-year change:
(Q4 2008 to Q4 2009)
-5.9%
Additional price change to bottom: -6.4%
When they'll hit bottom: 2010:Q1
*(Q1 2010 - Q1 2011)
† Data is for Santa Rosa-Petaluma, CA Metropolitan Statistical Area
Notes:
Median home prices are for single-family homes through the third quarter of 2009, the most recent data available, and include sales of bank-owned properties.
Sources: Fiserv and Moody's Economy.com
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