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