2008 median house price: $532,810
2009 projected change: -22.0%
2010 projected change: -3.5%
Of the 100 biggest markets, this Orange County area, which includes Anaheim and Irvine, was the fifth most expensive place to live this year. But in 2009, prices are forecast to decline by $121,000.
Source: Sources: National Association of Realtors; Moody's Economy.com