| In a study of the 100 biggest housing markets by | | | | months. The median home price is at $122,000 and the |
| population in the United States, Fiserv Lending Solutions | | | | median mortgage loan is 11 % of the income. The five |
| has come up with top five cities that are predicted to | | | | year price change is at 22.4 %. The city's worst one |
| have the maximum home price gains and bottom five | | | | year decline was at 4.1 % during '94 to '95. |
| that are expected to show price declines from April | | | | The following are the bottom five cities of the list of |
| 2007 to April 2008. | | | | 100 biggest housing markets. |
| The top 5 cities that are slated to show home price | | | | 1.Fort Lauderdale, Florida: Prices are falling in this city |
| gains are as follows: | | | | and are expected to slump down by 5.5 % by April |
| 1.McAllen, Texas: It's good news for McAllen home | | | | 2008. The median home price is at $345,000 and the |
| buyers with Fiserv forecasting a price gain of 9.8 | | | | median mortgage loan consists of 31 % of the income. |
| percent over the next year for this Texas city. The | | | | The five year price change is at 128.4 %. The city had |
| projected price change for the five year period is 26.5 | | | | experienced its worst year of decline through '88 to'89 |
| %. The city's median home price is $130,000 and | | | | at 3.1 %. |
| median mortgage loan as a percentage of income is | | | | 2.Phoenix, Arizona: Home prices are expected to slack |
| 25 %. McAllen's worst one year decline was at 12.3 % | | | | by 5.5 % in the next 12 months. The median home |
| during '88 to '89. | | | | price is at $271,000 and the median mortgage loan |
| 2.Tulsa, Oklahoma: The home prices are bound to | | | | forms 26 % of the income. The five year price change |
| grow by 4.3 % from this April to the next. The city is | | | | for Phoenix is at 103.8 %. The year of worst decline |
| expected to have a home price change of 17.6 % | | | | has been from '81 to '82 with price decline of 6.0 %. |
| over the next five years. Tulsa's year of worst decline | | | | 3.Nassau/Suffolk, New York: Home prices may fall by |
| was during '86 to '87 and the slump during this decline | | | | 6 % over the next year in this metro area. The median |
| was 7.5 %. The median home price is $135,000 and | | | | home price is at $483,000 and the median mortgage |
| the median mortgage loan makes up to 14 % of the | | | | loan forms 31 % of the income. The five year price |
| income. | | | | change is at 76.3 % and the city saw the worst |
| 3.El Paso, Texas: Another city of Texas where home | | | | decline in home price in '88-'89 when prices came |
| prices are expected to rise, El Paso has a median | | | | down by 6.6 %. |
| home price of $130,000. The median mortgage loan | | | | 4.Miami, Florida: Price drops of as much as 8.8 % are |
| forms 14 % of the median income. The projected price | | | | expected in the Miami housing market. The median |
| change for the next 5 years is at 17.6 %. El Paso's | | | | home price is at $335,000 and the median mortgage |
| worst one-year decline was during '87 to '88 when it | | | | loan forms 41 % of the income. The forecast predicts |
| experienced a home price decline by 17.5 %. | | | | a five year price change of 149.3 %. The city's year of |
| 4.Scranton, Pennsylvania: Scranton's home prices are | | | | worst decline was during '88 to '89 with a downswing |
| forecasted to increase by 3.9 % over the next one | | | | of home prices at 4.3 %. |
| year. The city has a median home price of $118,000. | | | | 5.Las Vegas, Nevada: The fall in home prices is |
| With the median mortgage loan at 13 % of the income, | | | | forecasted at the highest in Las Vegas at 8.9 % during |
| Scranton makes a good buying market for homes this | | | | a one year period from April 2007 to April 2008. The |
| year. Home prices are slated to increase steadily with | | | | median home price is $325,000 and the median |
| the 5 year projection at 41.2 %. The city experienced | | | | mortgage loan consists of 33 % of the income. The |
| its worst price decline of 7.2 % between '94 and '95. | | | | five year price change is at 119.8 %. The worst one |
| 5.Rochester, New York: Rochester is projected to | | | | year decline that the city experienced was at 17 % |
| have a 3.7 % increase in home prices over the next 12 | | | | during '88 to '89. |