Tuesday, May 13, 2008

Where Are Home Prices Headed in 2009?

Money Magazine recently put out a city-by-city home price forecast, using data from Fiserv Lending Solutions, First American CoreLogic, city and county assessors, and realtors. The magazine determined that U.S. home prices will fall an average of 9.7%, see list above (click to enlarge).

Notice Detroit has the highest expected appreciation of 8.6% in 2009, up from $120,000 in 2008!


At 5/14/2008 9:26 AM, Anonymous Anonymous said...

Median prices are not home prices.

At 5/14/2008 11:38 AM, Blogger Jack Miller said...

A good point. Cheaper, smaller and distressed homes sale during stressful times whereas the owners of more expensive homes are sometimes able able to wait out the storm. Media outlets that present median statistics offer misleading data. Bottom feeders gleefully encourage the distribution of gloom and doom data.


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