City-by-city price comps
|
The blue turf at Boise State's football stadium gets people's attention, and the cheap housing market did the same for speculators and developers the past few years. "There were large developments built on spec without necessarily having a homeowner lined up to purchase the property," says Fiserv’s David Stiff. Local Market Monitor’s forecast calls for a 9-percent decline in home prices this year. | | Median price end of 2008: | $168,800 | | Median price end of 2007: | $198,000 | | Percent change: | -14.7% | | Projected change through Q3 2009: | -2.0% | | Affordability rating: | 0.7 | Foreclosures in 2008:
(1 for every 42 households) | 5,414 | Foreclosures in 2007:
(1 for every 99 households) | 2,206 | | Change in foreclosures: | 145.4% | | Expected to hit bottom: | Q2 2010 | | Percent drop needed to reach bottom: | -25.2% |
|
|
| |
Back to the 40-city chart overview.