Raleigh, N.C.

This Southern technology hub has held up well, Porter says. There were some signs of weakness in 2007, but price appreciation remained modest because costs didn’t skyrocket during the housing boom.
Median price end of 2007: $235,600
Median price end of 2006: $226,600
% change: + 4%
Projected change through Q3 2008: + 1.3%
Affordability rating: 3.5
Foreclosures in 2007:
(1 for every 251 households)
2,318
Foreclosures in 2006:
(1 for every 792 households)
734
Change in foreclosures: + 122.8%
Current rate comparison
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Price trends

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June ’06: National median price $227,100
Dec. ’06: National median price $221,900
Dec. ’06: Local median price $226,600
June ’07: National median price $229,200
Dec. ’07: National median price $198,700
Dec. ’07: Local median price $235,600
* Median prices for existing single-family homes