There's nothing wrong with LA or NYC, but people on the east/west coasts seem to have this attitude that middle America is a boring wasteland. And while they're certainly entitled to their opinion, I am less bothered by it knowing that my home value is only going down 1% while theirs is down +15% next year. Schadenfreude? Perhaps. But I am really tired of people acting like Manhattan (or Los Angeles) is the center of civilization.
Metro area 2009 median home price 2009 change
Dallas $155,645 -1.0%
Houston 147,549 -1.8
Atlanta 50,092 -2.5
Chicago 239,359 -5.3
Philadelphia 201,151 -9.8
Boston 295,918 -12.5
New York 393,210 -13.7
Washington 261,411 -17.1
Los Angeles 269,614 -17.2
Miami 214,551 -18.8
Forecast 2009: Year of the thaw - Nov. 4, 2008
Metro area 2009 median home price 2009 change
Dallas $155,645 -1.0%
Houston 147,549 -1.8
Atlanta 50,092 -2.5
Chicago 239,359 -5.3
Philadelphia 201,151 -9.8
Boston 295,918 -12.5
New York 393,210 -13.7
Washington 261,411 -17.1
Los Angeles 269,614 -17.2
Miami 214,551 -18.8
Forecast 2009: Year of the thaw - Nov. 4, 2008