March 2, 2010 3:00 AM
- Text
Real Estate Price Forecast: City by City
(MoneyWatch)
style='border-collapse:collapse;table-layout:fixed;width:333pt'>
When will the value of your house finally start climbing again? Below are exclusive forecasts compiled by financial services company Fiserv for 384 real estate markets across the United States. For the most part, the numbers are moving higher — Boston suburbs and parts of Washington state are expected to see sharp gains, and the San Francisco Bay Area is positively booming. While there may be more pain to come in hard-hit Vegas and Miami, at least the double-digit losses are expected to end. Even Salinas, Calif., where home prices were cut by more than half when the bubble burst, is forecast to see a modest increase in prices by next fall.
“We are still trying to sort through how much of this new housing demand was caused by government stimulus and how much was intrinsic,” says Mark Fleming, chief economist at First American Core Logic, a real estate research company. He says that, in general, diversified economies (think Boston) have bounced back better than areas that rely on one industry (think Michigan). Miami will bounce back, Fleming says, because hey, it’s Miami. It always bounces back. Big picture? For the foreseeable future, Fleming expects the real estate market to be more tortoise than hare. “We need slow, sustainable growth.”
The list below is based on metro areas as defined by the federal government. So your town may be part of a larger area, listed under the name of your county or a nearby city.
Forecast: Change in Home Prices
| to Q3:2010 | to Q3:2011 | ||
| AK | Anchorage | 1.5% | 5.1% |
| AK | Fairbanks | 2.1% | 4.6% |
| AL | Anniston-Oxford | -1.5% | -0.1% |
| AL | Auburn-Opelika |
-2.2% | -0.3% |
| AL | Birmingham-Hoover | -2.4% | 0.2% |
| AL | Decatur | -2.1% | -0.1% |
| AL | Dothan | -1.3% | 0.2% |
| AL | Florence-Muscle Shoals | -1.6% | 0.7% |
| AL | Gadsden | -2.1% | -0.8% |
| AL | Huntsville | -1.8% | 0.7% |
| AL | Mobile |
-1.4% | 0.7% |
| AL | Montgomery | -2.2% | 1.0% |
| AL | Tuscaloosa | -2.3% | 0.6% |
| AR | Fayetteville-Springdale-Rogers | -4.1% | -0.7% |
| AR | Fort Smith-OK | -1.8% | 0.2% |
| AR | Hot Springs | -1.3% | 0.4% |
| AR | Jonesboro | 0.2% | 0.7% |
| AR | Little Rock-North Little Rock-Conway |
-1.4% | 0.2% |
| AR | Pine Bluff | -0.6% | 1.0% |
| AZ | Flagstaff | -9.2% | 3.6% |
| AZ | Lake Havasu City-Kingman | -9.7% | 0.2% |
| AZ | Phoenix-Mesa-Scottsdale | -26.6% | 1.7% |
| AZ | Prescott | -18.2% | 2.6% |
| AZ | Tucson | -9.8% | 4.6% |
| AZ | Yuma |
-9.4% | 1.0% |
| CA | Bakersfield | -4.8% | 6.9% |
| CA | Chico | -9.3% | 7.5% |
| CA | El Centro | -11.8% | 10.3% |
| CA | Fresno | -5.8% | 5.8% |
| CA | Hanford-Corcoran | -31.4% | -2.5% |
| CA | Los Angeles-Long Beach-Glendale | -17.6% | 10.1% |
| CA | Madera-Chowchilla |
-13.9% | 4.8% |
| CA | Merced | -4.8% | 14.7% |
| CA | Modesto | -6.0% | 12.5% |
| CA | Napa | -4.5% | 15.7% |
| CA | Oakland-Fremont-Hayward | -17.5% | 14.9% |
| CA | Oxnard-Thousand Oaks-Ventura | -11.9% | 9.6% |
| CA | Redding | -7.5% | 9.7% |
| CA | Riverside-San Bernardino-Ontario |
-11.9% | 9.4% |
| CA | Sacramento-Arden-Arcade-Roseville | -10.9% | 5.7% |
| CA | Salinas | -5.2% | 11.2% |
| CA | San Diego-Carlsbad-San Marcos | -18.7% | 13.3% |
| CA | San Francisco-San Mateo-Redwood City | -20.1% | 14.1% |
| CA | San Jose-Sunnyvale-Santa Clara | -18.9% | 7.3% |
| CA | San Luis Obispo-Paso Robles | -7.4% | 7.9% |
| CA | Santa Ana-Anaheim-Irvine | -21.3% | 9.7% |
| CA | Santa Barbara-Santa Maria-Goleta | -6.1% | 11.8% |
| CA | Santa Cruz-Watsonville | -13.8% | 9.0% |
| CA | Santa Rosa-Petaluma | -12.7% | 6.4% |
| CA | Stockton | -6.2% | 9.1% |
| CA | Vallejo-Fairfield | -9.3% | 8.7% |
| CA | Visalia-Porterville | -1.0% | 6.8% |
| CA | Yuba City |
-7.9% | 4.3% |
| CO | Boulder | -5.3% | 5.7% |
| CO | Colorado Springs | -3.3% | 4.9% |
| CO | Denver-Aurora-Broomfield | -6.4% | 3.1% |
| CO | Fort Collins-Loveland | -5.0% | 5.6% |
| CO | Grand Junction | -9.3% | 1.6% |
| CO | Greeley | -2.7% | 2.7% |
| CO | Pueblo |
-1.2% | 6.0% |
| CT | Bridgeport-Stamford-Norwalk | -7.0% | 4.2% |
| CT | Hartford-West Hartford-East Hartford | -4.2% | 4.7% |
| CT | New Haven-Milford | -5.0% | 4.1% |
| CT | Norwich-New London | -7.3% | 3.5% |
| DC | Washington-Arlington-Alexandria, | -15.0% | 8.4% |
| DE | Dover | -8.3% | -1.4% |
| DE | Wilmington-MD-NJ |
-8.7% | 2.1% |
| FL | Bradenton-Sarasota-Venice | -17.9% | 6.6% |
| FL | Cape Coral-Fort Myers | -14.3% | 4.4% |
| FL | Deltona-Daytona Beach-Ormond Beach | -20.5% | 3.3% |
| FL | Fort Lauderdale-Pompano Beach-Deerfield Beach | -31.5% | 1.0% |
| FL | Fort Walton Beach-Crestview-Destin | -21.1% | 2.9% |
| FL | Gainesville | -19.7% | -1.7% |
| FL | Jacksonville |
-14.5% | 2.3% |
| FL | Lakeland-Winter Haven | -10.6% | 5.5% |
| FL | Miami-Miami Beach-Kendall | -33.2% | -0.9% |
| FL | Naples-Marco Island | -24.5% | 3.9% |
| FL | Ocala | -9.0% | 3.5% |
| FL | Orlando-Kissimmee | -20.8% | 1.5% |
| FL | Palm Bay-Melbourne-Titusville | -7.8% | 6.3% |
| FL | Palm Coast |
-8.8% | 4.8% |
| FL | Panama City-Lynn Haven-Panama City Beach | -10.1% | 5.9% |
| FL | Pensacola-Ferry Pass-Brent, FL | -22.3% | 1.2% |
| FL | Port St. Lucie | -14.7% | 6.4% |
| FL | Punta Gorda | -9.4% | 5.1% |
| FL | Sebastian-Vero Beach | -11.8% | 3.5% |
| FL | Tallahassee | -8.3% | 1.0% |
| FL | Tampa-St. Petersburg-Clearwater |
-18.7% | 2.8% |
| FL | West Palm Beach-Boca Raton-Boynton Beach | -28.7% | 2.8% |
| GA | Albany | -2.4% | -0.3% |
| GA | Athens-Clarke County | -3.1% | -1.6% |
| GA | Atlanta-Sandy Springs-Marietta | -4.7% | 0.8% |
| GA | Augusta-Richmond County, GA-SC | -1.7% | 0.0% |
| GA | Brunswick | -2.5% | 0.5% |
| GA | Columbus-AL |
0.0% | 3.8% |
| GA | Dalton | -2.7% | -0.7% |
| GA | Gainesville | -3.4% | -0.2% |
| GA | Hinesville-Fort Stewart | -7.5% | -0.4% |
| GA | Macon | -1.6% | 0.4% |
| GA | Rome | -2.4% | -0.5% |
| GA | Savannah | -3.2% | -0.3% |
| GA | Valdosta |
-1.6% | -0.4% |
| GA | Warner Robins | -2.3% | -0.1% |
| HI | Honolulu | -6.9% | 4.5% |
| IA | Ames | -2.9% | -1.2% |
| IA | Cedar Rapids | -2.1% | -0.5% |
| IA | Davenport-Moline-Rock Island-IL | -2.6% | -0.9% |
| IA | Des Moines-West Des Moines | -3.1% | -1.2% |
| IA | Dubuque |
-2.2% | -1.3% |
| IA | Iowa City | -3.1% | -1.9% |
| IA | Sioux City-NE-SD | -2.7% | -1.4% |
| IA | Waterloo-Cedar Falls | -3.4% | -2.6% |
| ID | Boise City-Nampa | -9.9% | 1.2% |
| ID | Coeur d'Alene | -7.6% | -0.3% |
| ID | Idaho Falls | -4.2% | 3.4% |
| ID | Lewiston-WA |
-4.3% | 1.5% |
| ID | Pocatello | -5.2% | 2.1% |
| IL | Bloomington-Normal | -2.1% | -0.7% |
| IL | Champaign-Urbana | -2.3% | -1.1% |
| IL | Chicago-Naperville-Joliet | -5.7% | 1.2% |
| IL | Danville | -2.0% | -0.6% |
| IL | Decatur | -0.7% | 0.8% |
| IL | Kankakee-Bradley |
-1.8% | -0.7% |
| IL | Lake County-Kenosha County, IL-WI | -4.0% | -1.0% |
| IL | Peoria | -2.0% | -0.4% |
| IL | Rockford | -3.6% | -1.9% |
| IL | Springfield | -1.6% | 0.2% |
| IN | Anderson | -2.5% | -0.4% |
| IN | Bloomington | -2.3% | -1.2% |
| IN | Columbus |
-2.5% | -1.2% |
| IN | Elkhart-Goshen | -3.4% | -1.8% |
| IN | Evansville-KY | -1.9% | -0.5% |
| IN | Fort Wayne | -2.2% | -0.6% |
| IN | Gary Division | -2.5% | -0.9% |
| IN | Indianapolis-Carmel | -2.2% | -0.6% |
| IN | Kokomo | -2.0% | 0.0% |
| IN | Lafayette |
-1.6% | -0.1% |
| IN | Michigan City-La Porte | -2.2% | -0.8% |
| IN | Muncie | -2.9% | -0.2% |
| IN | South Bend-Mishawaka-MI | -1.6% | 0.1% |
| IN | Terre Haute | -2.2% | -0.4% |
| KS | Lawrence | -3.5% | -1.9% |
| KS | Manhattan | -2.6% | -0.6% |
| KS | Topeka |
-2.7% | -1.2% |
| KS | Wichita | -2.4% | -0.9% |
| KY | Bowling Green | -0.7% | 1.5% |
| KY | Elizabethtown | -1.6% | -0.4% |
| KY | Lexington-Fayette | -2.3% | -0.4% |
| KY | Louisville-Jefferson County-IN | -1.6% | 0.1% |
| KY | Owensboro | -0.7% | 0.7% |
| LA | Alexandria |
-2.0% | -0.2% |
| LA | Baton Rouge | -2.3% | -0.6% |
| LA | Houma-Bayou Cane-Thibodaux | -2.2% | -0.8% |
| LA | Lafayette | -2.8% | -0.8% |
| LA | Lake Charles | -1.9% | -0.5% |
| LA | Monroe | -2.0% | -0.7% |
| LA | New Orleans-Metairie-Kenner | -3.9% | -2.0% |
| LA | Shreveport-Bossier City |
-2.6% | -1.0% |
| MA | Barnstable Town | -5.6% | 4.4% |
| MA | Boston-Quincy | -5.4% | 5.0% |
| MA | Cambridge-Newton-Framingham | -6.3% | 6.0% |
| MA | Peabody Division | -7.6% | 4.8% |
| MA | Pittsfield | -6.0% | 5.0% |
| MA | Springfield | -4.5% | 5.1% |
| MA | Worcester |
-7.4% | 3.1% |
| MD | Baltimore-Towson | -9.1% | 2.9% |
| MD | Bethesda-Frederick-Rockville | -13.0% | 3.0% |
| MD | Cumberland-WV | -6.7% | 1.5% |
| MD | Hagerstown-Martinsburg, MD-WV | -7.8% | 0.4% |
| MD | Salisbury | -12.7% | 1.5% |
| ME | Bangor | -2.6% | 3.2% |
| ME | Lewiston-Auburn |
-3.8% | 3.1% |
| ME | Portland-South Portland-Biddeford | -5.3% | 2.2% |
| MI | Ann Arbor | -9.7% | 1.1% |
| MI | Battle Creek | -2.4% | 1.4% |
| MI | Bay City | -4.0% | -1.3% |
| MI | Detroit-Livonia-Dearborn | -7.3% | 2.0% |
| MI | Flint | -5.1% | -1.3% |
| MI | Grand Rapids-Wyoming |
-3.2% | -0.5% |
| MI | Holland-Grand Haven | -4.3% | -2.2% |
| MI | Jackson | -4.5% | -1.4% |
| MI | Kalamazoo-Portage | -1.8% | -0.5% |
| MI | Lansing-East Lansing | -2.7% | 0.9% |
| MI | Monroe | -1.0% | 0.3% |
| MI | Muskegon-Norton Shores | -3.4% | -1.1% |
| MI | Niles-Benton Harbor |
-1.4% | 0.9% |
| MI | Saginaw-Saginaw Township North | -2.7% | -1.1% |
| MI | Warren-Troy-Farmington Hills | -3.1% | 1.8% |
| MN | Duluth-WI | -0.3% | 1.5% |
| MN | Mankato-North Mankato | -5.9% | -1.3% |
| MN | Minneapolis-St. Paul-Bloomington-WI | -9.4% | 1.3% |
| MN | Rochester | -2.6% | -0.9% |
| MN | St. Cloud |
-3.2% | -1.3% |
| MO | Cape Girardeau-Jackson, MO-IL | -2.4% | -1.0% |
| MO | Columbia | -3.1% | -1.7% |
| MO | Jefferson City | -2.2% | -0.7% |
| MO | Joplin | -2.3% | -1.6% |
| MO | Kansas City-KS | -3.0% | -1.2% |
| MO | Springfield | -3.2% | -1.3% |
| MO | St. Joseph-KS |
-2.0% | -1.2% |
| MO | St. Louis-IL | -2.9% | -1.0% |
| MS | Gulfport-Biloxi | -1.5% | 0.8% |
| MS | Hattiesburg | -1.8% | 0.0% |
| MS | Jackson | -0.8% | 0.7% |
| MS | Pascagoula | -2.2% | -0.2% |
| MT | Billings | -1.1% | 5.2% |
| MT |
Latest Now in MoneyWatch
- Jobs up, unemployment down, stocks soar
- Apple, Motorola in patent duel in Germany
- Beyonce headed to "X-Factor?"
- You can't judge DFA advisors off fund returns
- Post-crisis high for U.S. stocks
- Micron CEO Steve Appleton dies in plane crash
- Parents: Would you quit your job to save on childcare?
- Will job numbers help Obama?
- The super homes of Super Bowl greats
- Factory orders up 1.1 percent in December
- Cut the Super Bowl XLVI cable cord
- Obama outlines veterans jobs programs
- 'Why is my bill rate so much higher than my pay?'
- Unemployment down to 8.3 percent
- Win big deals without being lucky
- U.S. unemployment falls to 8.3%
- January jobs: Finally, a great report
Latest CBS News Headlines
on Facebook
on CBS News
- Charges dropped against soldier in Afghan deaths
- Recall news
- Ohio bill would ban new ownership of exotic pets
- Calif. pulls builder's license after worker killed
on Facebook
- Susan G. Komen reverses course, will keep funding Planned Parenthood
- 25 drunkest countries in the world
- Demi Moore visited by Bruce Willis, Ashton Kutcher: Report
- "Person to Person": Iconic images
on CBS News
Most Popular on CBS News
Stories More »
-
23 Photos | View Gallery »
Ben Gazzara 1930-2012
-
15 Photos | View Gallery »
Major Western winter storm heads East
-
34 Photos | View Gallery »
Oscars 2012: "Midnight in Paris"
-
45 Photos | View Gallery »
Severe, deadly cold sweeps Europe
-
20 Photos | View Gallery »
Guilty plea in abduction, murder of Fla. 7-year-old
CBS News on Facebook
