Real Estate Price Forecast: City by City
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 |