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5. Bremerton, WA
Bremerton
Home price forecast (1 year):* 4.2%
Home prices rose quite steeply here during the boom years, gaining about 110% between 2000 and 2007 and have declined only modestly since then, down 18% from their peak. But the city and its suburbs, nestled around the Puget Sound, have limited open land for building new homes, which props up resale prices. Plus employment is strong: The metro area's unemployment rate was 7.6% in December, well below the national average.

As a result, homebuyers will propel prices above the current $255,000 median in 2010, with a tepid, but significant, 4.2% increase predicted.
Is this a good time to buy a home in Bremerton?
Population:
(2006)		 240,604
Median family income:
(2008)		 $69,900
Median home price:
(2009)		 $255,000
Affordability index:
(Median home price/family income 2009)		 3.6
Prices peaked in: 2007:Q2
Total climb during the boom:
(2000 to peak)		 109.4%
Total decline so far:
(Peak through 2009)		 -18.3%
One-year change:
(Q4 2008 to Q4 2009)		 -2.5%
Additional price change to bottom: N/A
When they'll hit bottom: 2009:Q1
*(Q1 2010 - Q1 2011)
† Data is for Bremerton-Silverdale, WA 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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