Affordability index: (Median home price/family income 2009)
2.6
Prices peaked in:
2009:Q1
Total climb during the boom: (2000 to peak)
48.1%
Total decline so far: (Peak through 2009)
-2.7%
One-year change: (Q4 2008 to Q4 2009)
-2.2%
Forecast
Additional price change to bottom:
-2.5%
When they'll hit bottom:
2010:Q4
*(Q1 2010 - Q1 2011)
† Data is for Birmingham-Hoover, AL 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
