thebubblebuster.com Blog

Seattle median home prices continued to power forward in the 1st quarter. This comes despite a slowdown in sales and increased concern about a local market bubble. The price increases have caused declining affordability, yet ratios remain significantly more positive than many other coastal communities. Will Seattle prices move even higher in 2007 or will year finally bring some sanity to the market?

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Boston median home prices continue to decline in the 1st quarter experiencing one of the slowest Q1’s on record. Declining home prices however have lead to increased affordability and it appears ratios are once again heading back towards historic norms. However will continued job growth and low interest once again power the market forward this spring?

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Los Angeles median home prices have finally begun to slow down and experienced real price declines in the 1st quarter. Due to current extremely poor affordability, declining sales and increasing foreclosures there is appears to be little hope that the LA will be able to avoid a massive price decline. But how far and how fast will prices fall?

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Orange County median homes prices continued their decline in 1st quarter adding on to the declines of 2006. Additionally, continued sales declines along with continued foreclosure spikes paints a pretty for the OC. How much longer can the elevated prices last or is this the new normal, found out inside…

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San Diego median homes prices continued their decline in 1st quarter adding on to the declines of 2006. Additionally, continued sales declines along with continued foreclosure spikes paints a pretty bleak picture. Now the question is will San Diego’s housing begin to turnaround in 2007 or are we still years away from a true recovery?

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Sacramento median homes prices continued their decline in 1st quarter adding onto the record declines of 2006. Additionally, continued sales declines along with continued foreclosure spikes paints a pretty bleak picture for California’s capital. When will the city’s housing begin to turnaround? Get Sacramento forecasts and the Q1:2007 National report inside.

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Philadelphia median housing prices continued higher in the 4th quarter and the year finished with better than average gains. Despite the good price gains of the past 9 years, affordability remains favorable and job growth has remained strong. Will these positive ratios translate to further booming prices in ‘07 or will the year bring early 1990’s declines?

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Jacksonville median housing prices fell in the 4th quarter, but the 2006 year still finished as the 3rd best on record in both nominal and real terms. Additionally, despite the strong price increases affordability has remained more positive than the national median and only slightly above the historical norm. Will these positive trends power the market higher in ‘07 or will the year bring Q4 like declines?

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Cleveland median housing prices continued to fall in the 4th quarter and the year finished as the worst ever on record in both nominal and real terms. The continued real price decline has now reverted prices back to levels not seen since 2000:Q3. However, the price decline has created a positive - record positive affordability as the Cleveland is one of the most affordable US cities. Will the affordability turn into price growth in 2007 or will the year continue to see rust belt declines?

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Boulder median home prices over the past 5 years have seen stagnate real prices and in 2006 real prices actually fell nearly $5K resulting in the worst year since 1987. Despite falling real prices in 10 of the last 29 years, Boulder home prices have never fallen in nominal terms since records began in 1978. Will the increasing positive affordability over the past 6 years lead to strong growth in 2007 or will the year bring more nominal stagnation?

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