Affordability index: (Median home price/family income 2009)
3.2
Prices peaked in:
2008:Q1
Total climb during the boom: (2000 to peak)
69.6%
Total decline so far: (Peak through 2009)
-11.3%
One-year change: (Q4 2008 to Q4 2009)
-8.6%
Forecast
Additional price change to bottom:
-2.7%
When they'll hit bottom:
2010:Q3
*(Q1 2010 - Q1 2011)
† Data is for Salem, OR 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
