3. Fort Lauderdale, FL
Fort Lauderdale
Home price forecast (1 year):* -21.3%
This Florida city, long a major economic engine for south Florida, is facing many of the same problems as Miami, with high unemployment and a deep pullback in construction.

Fort Lauderdale is wealthier than Miami, with a median household income of $64,000 compared with $49,000, and home prices are already very affordable, with a median of $224,000. But the area has gotten hit hard by foreclosures and many buyers may be waiting out the price decline. Home prices, after falling by 11.1% in 2009, will nearly double that decline this year, and prices aren't expected to rise until 2011.
See Fort Lauderdale on Money's Best Places to Live
Is this a good time to buy a home in Fort Lauderdale?
Median family income:
Median home price:
Affordability index:
(Median home price/family income 2009)
Prices peaked in: 2006:Q2
Total climb during the boom:
(2000 to peak)
Total decline so far:
(Peak through 2009)
One-year change:
(Q4 2008 to Q4 2009)
Additional price change to bottom: -28.4%
When they'll hit bottom: 2011:Q1
*(Q1 2010 - Q1 2011)
† Data is for Fort Lauderdale-Pompano Beach-Deerfield Beach, FL Metropolitan Statistical Area
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
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