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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (173650)	12/26/2008 12:22:36 PM
From: tejek	Read Replies (1) \| Respond to of 306849

They seem to have no shortage of areas within Atlanta where the median price meets or exceeds 5 times the median income in that area. That may well be true.......nonetheless, Atlanta's housing prices increased only 35% in 6 years. That's less than 6% per year....not an unreasonable number for a city growing as fast as Atlanta: BOOM AND BUST Percentage change in the average selling price of existing homes during the housing bubble and its aftermath. Metro area Jan. 2000-July 2006 July 2006- Sept. 2008 Miami 178% -36% Los Angeles 174% -33% Washington, D.C. 150% -24% San Diego 149% -34% Tampa 138% -28% Las Vegas 134% -37% Phoenix 127% -39% San Francisco 118% -33% New York 115% -11% Seattle 80% -4% Portland, Ore. 80% -6% Boston 78% -9% Minneapolis 71% -18% Chicago 68% -12% Denver 40% -7% Atlanta 35% -9% Charlotte 28% 2% Dallas 25% -3% Cleveland 23% -11% Detroit 23% -27% 20-city average 107% -22% Source: S&P/Case-Shiller Home Price Index