The Rise and Fall of Home Prices

RISE The and FALL of home prices During the Great Recession, the US experienced a combined loss of $6 trillion in home value.* Now that economists say the recession is over, let's compare median home príces today to prices in 2007. The top winners and losers for median home value by metro region: *US News and World Report TOP FIVE WINNERS median home value (in thousands) 2007 2010 PERCENT INCREASE ELMIRA, NY $81.6 $99.2 +21.57% BUFFALO - $104 $121.4 +16.73% NIAGRA FALLS, NY DECATUR, IL $83.1 $96 +15.52% SHREVEPORT- $135.6 $155.9 +14.97% BOSSIER CITY, LA SPRINGFIELD, IL $109 $123.6 +13.39% TOP FIVE LOSERS median home value (in thousands) 2007 2010 PERCENT DECREASE CAPE CORAL- $252.1 $94.1 -62.67% FT. MYERS, FL LAS VEGAS - $297.7 $142.3 -52.20% PARADISE, Nv RIVERSIDE - $379.5 $142.3 -49.88% SAN BERNADINO, CA ORLANDO, FL $261.3 $140.2 -46.38% SACRAMENTO - ROSEVILLE, CA $342.8 $192.2 -43.93% Home price data from National Association of Realtors, Metropolita Media Prices (2nd Quarter 2010) http://bit.ly/9CPGMZ