real estate
City-by-city price guide: Birmingham
The steel city is an undervalued market in terms of price, according to Local Market Monitor. But foreclosures spiked last year.
| | Median price end of 2007: | $156,100 | | Median price end of 2006: | $161,700 | | % change: | - 3.5 % | | Projected change through Q3 2008: | + 3.5 % | | Affordability rating: | 4.6 | | Foreclosures in 2007:
(1 for every 192 households) | 2,351 | | Foreclosures in 2006:
(1 for every 313 households) | 1,441 | | Change in foreclosures: | + 63.2% |
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| Current rate comparison | Price trends
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