City-by-city price comps
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BrewCity might need to buy a few rounds for other cities. It hasn't faced the difficulties seen elsewhere as home prices and supply didn't spike -- or suffer the hangovers that other cities did. Residential building permits declined by 23 percent from December 2007 to December 2008. Experts predict home values declining 3 percent to 5 percent this year. | | Median price end of 2008: | $194,900 | | Median price end of 2007: | $219,500 | | Percent change: | -11.2% | | Projected change through Q3 2009: | -2.5% | | Affordability rating: | 4.8 | Foreclosures in 2008:
(1 for every 64 households) | 10,181 | Foreclosures in 2007:
(1 for every 98 households) | 6,529 | | Change in foreclosures: | 55.9% | | Expected to hit bottom: | Q1 2010 | | Percent drop needed to reach bottom: | -5.5% |
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