real estate
City-by-city price guide: Atlantic City
It's a gamble for homeowners in Atlantic City, which is on Local Market Monitor's list of the top 10 overpriced markets in the U.S. His data shows that home prices, which rose last year, are 45 percent higher than equilibrium. NAR data shows the city had one of the strongest price increases in the Northeast.
| | Median price end of 2007: | $278,800 | | Median price end of 2006: | $250,190 | | % change: | + 10.7 % | | Projected change through Q3 2008: | - 20.3 % | | Affordability rating: | N/A | | Foreclosures in 2007:
(1 for every 95 households) | 1,301 | | Foreclosures in 2006:
(1 for every 143 households) | 862 | | Change in foreclosures: | + 50.9% |
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| Current rate comparison | Price trends
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