Housing forecast

[Vyrosama]

http://money.cnn.com/2008/05/06/real_es ... /index.htm

To note:
Washington, DC
Median price: $408k
Price Change in 5 years: 49.2%
Forecast (May '09): -13.2%
%change in foreclosure rate in the past year: 42%

[quantus]

San Francisco
Median price: $840k
Price Change in 5 years: 40.7%
Forecast (May '09): -10.1%
%change in foreclosure rate in the past year: 175%

San Jose
Median price: $750k
Price Change in 5 years: 38.7%
Forecast (May '09): -12.5%
%change in foreclosure rate in the past year: 347%

Oakland
Median price: $595k
Price Change in 5 years: 27.7%
Forecast (May '09): -11.7%
%change in foreclosure rate in the past year: 266%

Southern California is being hit even harder: Bakersfield, LA, Riverside and Santa Ana are all losing more value than DC and have >200% changes in foreclosures.

Florida is worst off with 5 of the bottom 7 on that list.

[Jonathan]

Portland, OR $306,000 62.3% -14.7% 100%

woo for having no pony in this race.

Those CA prices are absurd for median prices.