U.S. Cities With Top Home Price Gains And Declines

In a study of the 100 biggest housing markets bymonths. The median home price is at $122,000 and the
population in the United States, Fiserv Lending Solutionsmedian mortgage loan is 11 % of the income. The five
has come up with top five cities that are predicted toyear price change is at 22.4 %. The city's worst one
have the maximum home price gains and bottom fiveyear decline was at 4.1 % during '94 to '95.
that are expected to show price declines from AprilThe 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 price1.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 home2008. The median home price is at $345,000 and the
buyers with Fiserv forecasting a price gain of 9.8median mortgage loan consists of 31 % of the income.
percent over the next year for this Texas city. TheThe five year price change is at 128.4 %. The city had
projected price change for the five year period is 26.5experienced its worst year of decline through '88 to'89
%. The city's median home price is $130,000 andat 3.1 %.
median mortgage loan as a percentage of income is2.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 toforms 26 % of the income. The five year price change
grow by 4.3 % from this April to the next. The city isfor 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 decline3.Nassau/Suffolk, New York: Home prices may fall by
was during '86 to '87 and the slump during this decline6 % over the next year in this metro area. The median
was 7.5 %. The median home price is $135,000 andhome price is at $483,000 and the median mortgage
the median mortgage loan makes up to 14 % of theloan 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 homedecline in home price in '88-'89 when prices came
prices are expected to rise, El Paso has a mediandown by 6.6 %.
home price of $130,000. The median mortgage loan4.Miami, Florida: Price drops of as much as 8.8 % are
forms 14 % of the median income. The projected priceexpected in the Miami housing market. The median
change for the next 5 years is at 17.6 %. El Paso'shome price is at $335,000 and the median mortgage
worst one-year decline was during '87 to '88 when itloan 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 areworst decline was during '88 to '89 with a downswing
forecasted to increase by 3.9 % over the next oneof 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 thisa one year period from April 2007 to April 2008. The
year. Home prices are slated to increase steadily withmedian home price is $325,000 and the median
the 5 year projection at 41.2 %. The city experiencedmortgage 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 toyear decline that the city experienced was at 17 %
have a 3.7 % increase in home prices over the next 12during '88 to '89.