SLC will drop in price 3.4% (79 place), and Ogden-Clearfield-2.9% (85 place)

Double-digit home price drops coming (http://money.cnn.com/2007/09/19/real_estate/steep_home_price_drops_coming/index.htm)
Three quarters of housing markets - many in crashing Sun Belt areas - face price declines over next few years.
By Les Christie, CNNMoney.com staff writer
September 19 2007: 3:24 PM EDT
NEW YORK (CNNMoney.com) -- Over the next few years, more than three-quarters of the nation's housing markets will suffer some decline in home prices. Many will experience double-digit hits in a forecast that has worsened considerably in recent months.
According to an analysis conducted by Moody's Economy.com, declines will exceed 10 percent in 86 of the 379 largest housing markets. And 290 of the cities will experience price drops of 1 percent or more.

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The survey attempted to identify the high and low points of housing prices in each of the markets, some of which started declining from their peak in the third quarter of 2005. All are median prices for single-family houses.
Nationally, Moody's is projecting an average price decline of 7.7 percent. That's a jump from the 6.6 percent total price drop that the company was forecasting in June and more than twice that of last October's forecast of a 3.6 percent price decrease.
Many of the worst hit cities are in Sun Belt areas that experienced outsized home-price growth during the real estate bubble, according to Arnold Slesers, an associate economist at Moody's. The home price correction in many of these cities will be severe as unsold new homes and leaps in foreclosures add to already big inventories.
The Stockton, Calif., metro area, where Moody's predicts a 25 percent price drop, will be the hardest hit among the 100 most populated cities surveyed.
Prices in Stockton - in California's Central Valley - rose quickly through 2005 as many would-be Bay Area buyers, frozen out of the expensive San Francisco area housing market, moved in. That influx drove up the median, single-family home price to about $375,000. Stockton prices peaked during the first quarter of 2006 and have gone downhill since. Prices likely won't turn around until the end of next year.
Just a tick or two behind Stockton in the Moody's survey were two Florida metro areas, Palm Bay/Melbourne (down 24.9 percent) and Sarasota/Bradenton (down 24.8 percent). All three markets are on almost the same peak-to-trough schedule, with Moody's forecasting that Sarasota will bottom out in the third quarter of 2008, a quarter sooner than the other two.
Outside of the Sun Belt, the worst hit areas are in the Midwest, where auto industry layoffs and plant closings have devastated local economies.
Detroit prices are experiencing the steepest fall of any large Rust Belt city. Moody's forecasts a 21.3 percent drop in Motown, which was hit earlier - in the third quarter of 2005 - and will suffer longer than most places. A turnaround in Detroit isn't expected until early 2009.
Six of the nation's 10 biggest cities face price declines of 1 percent or more with Phoenix, at a 17.8 percent loss, undergoing the worst reversal. The San Diego area will suffer through a 10.9 percent fall, Los Angeles (down 10.6 percent), New York, (down 5.3 percent), San Jose, (down 4.4 percent) and Philadelphia (down 3.1 percent) will also fall.
Among smaller cities, the biggest price declines will be in Saginaw, Mich., where the drop is forecasted at a numbing 31.8 percent. Other devastated markets will be in Punta Gorda, Fla. (down 28.8 percent), Merced, Calif (down 26.5 percent) and Santa Barbara, Calif. (down 25.9 percent).
The markets where Moody's is forecasting growth generally have one thing in common: Home prices in these cities are quite low. The top appreciating market will be the Brownsville/ Harlingen area in Texas, forecast to rise by 7.9 percent between July 2007 and the end of 2009. The median single-family home price there is less than $120,000.
In Killeen, Texas, the No. 2 appreciating market, prices are forecast to rise 4.6 percent and the median home price is about $129,000. Other inexpensive housing markets showing predicted price growth include Buffalo/Niagara Falls, N.Y.; Pittsburgh and Huntsville, Ala.
The table below shows the 100 largest-by-population markets among the 290 metro areas that are forecast to have declines of 1 percent or more. In an analysis that considered mortgage rates, the local job market and other factors, the study makes projections on when those markets would peak, when they would hit their worst point, and how much the total decline would be.
#storyTable .txtrgt3TBL {font-weight:bold;}

100 largest metro areas by population that are forecast to witness a decline in the median existing single-family house price
Rank
Area
State
Peak
Bottom
Peak to bottomhome price decline
1
Stockton
CA
06Q1
08Q4
-25.0
2
Palm Bay-Melbourne-Titusville
FL
06Q1
08Q4
-24.9
3
Sarasota-Bradenton-Venice
FL
06Q1
08Q3
-24.8
4
Reno-Sparks
NV
06Q1
09Q1
-22.4
5
Modesto
CA
06Q2
08Q3
-22.3
6
Detroit-Livonia-Dearborn
MI
05Q3
09Q1
-21.3
7
Fresno
CA
06Q2
09Q1
-20.0
8
Oxnard-Thousand Oaks-Ventura
CA
06Q2
08Q3
-19.2
9
Sacramento--Arden-Arcade--Roseville
CA
06Q1
08Q4
-19.1
10
Las Vegas-Paradise
NV
06Q2
08Q4
-18.7
11
Deltona-Daytona Beach-Ormond Beach
FL
06Q1
08Q3
-17.9
12
Phoenix-Mesa-Scottsdale
AZ
06Q2
08Q2
-17.8
13
Hartford-West Hartford-East Hartford
CT
07Q1
08Q4
-17.6
14
Cape Coral-Fort Myers
FL
06Q1
08Q4
-17.3
15
Visalia-Porterville
CA
06Q2
08Q4
-16.1
16
Riverside-San Bernardino-Ontario
CA
07Q1
09Q2
-15.9
17
Bethesda-Gaithersburg-Frederick
MD
06Q2
08Q4
-15.9
18
Lansing-East Lansing
MI
05Q3
09Q1
-15.7
19
Bakersfield
CA
06Q2
09Q1
-15.6
20
Warren-Farmington Hills-Troy
MI
05Q4
09Q1
-15.4
21
Newark-Union
NJ-PA
07Q1
08Q4
-15.4
22
Vallejo-Fairfield
CA
06Q1
09Q2
-15.3
23
Orlando-Kissimmee
FL
07Q1
09Q1
-15.1
24
Santa Rosa-Petaluma
CA
06Q1
08Q4
-14.0
25
Poughkeepsie-Newburgh-Middletown
NY
06Q2
08Q3
-13.9
26
Edison
NJ
06Q3
08Q4
-13.3
27
Worcester
MA
05Q4
08Q3
-13.0
28
Baltimore-Towson
MD
07Q2
09Q2
-12.8
29
Peabody
MA
05Q4
08Q3
-12.5
30
Nassau-Suffolk
NY
07Q2
09Q1
-12.3
31
West Palm Beach-Boca Raton-Boynton Beach
FL
06Q1
08Q3
-12.2
32
Tampa-St. Petersburg-Clearwater
FL
06Q4
08Q3
-11.7
33
Tucson
AZ
06Q2
08Q4
-11.7
34
Santa Ana-Anaheim-Irvine
CA
06Q2
09Q1
-11.6
35
Washington-Arlington-Alexandria
DC-VA-MD-WV
07Q3
09Q4
-11.5
36
Fort Lauderdale-Pompano Beach-Deerfield Beach
FL
06Q1
08Q4
-11.5
37
Flint
MI
06Q1
08Q2
-11.3
38
Cleveland-Elyria-Mentor
OH
05Q3
07Q4
-11.3
39
San Diego-Carlsbad-San Marcos
CA
06Q1
08Q4
-10.9
40
Los Angeles-Long Beach-Glendale
CA
07Q3
09Q1
-10.6
41
Oakland-Fremont-Hayward
CA
07Q3
08Q4
-10.3
42
Portland-South Portland-Biddeford
ME
06Q1
08Q3
-10.2
43
Rockingham County-Strafford County
NH
06Q1
08Q3
-10.2
44
Miami-Miami Beach-Kendall
FL
07Q2
08Q4
-9.9
45
Boston-Quincy
MA
05Q3
08Q4
-9.4
46
Providence-New Bedford-Fall River
RI-MA
06Q1
08Q3
-9.4
47
New Orleans-Metairie-Kenner
LA
06Q2
07Q3
-9.4
48
Wilmington
DE-MD-NJ
06Q3
08Q3
-9.2
49
Cambridge-Newton-Framingham
MA
05Q3
08Q3
-9.0
50
Youngstown-Warren-Boardman
OH-PA
05Q1
07Q4
-8.7
51
Toledo
OH
05Q4
07Q4
-8.3
52
Salinas
CA
07Q3
08Q4
-8.1
53
Colorado Springs
CO
07Q1
08Q3
-7.8
54
Boise City-Nampa
ID
07Q2
08Q4
-7.7
55
Winston-Salem
NC
05Q2
07Q4
-7.6
56
Denver-Aurora
CO
06Q2
08Q3
-7.6
57
Lakeland
FL
07Q2
08Q3
-7.5
58
Portland-Vancouver-Beaverton
OR-WA
07Q3
08Q4
-7.2
59
Pensacola-Ferry Pass-Brent
FL
06Q1
08Q3
-7.0
60
New Haven-Milford
CT
07Q3
08Q3
-6.7
61
Jacksonville
FL
07Q3
08Q3
-6.4
62
Camden
NJ
07Q2
08Q3
-6.3
63
Minneapolis-St. Paul-Bloomington
MN-WI
06Q3
09Q2
-6.0
64
Albuquerque
NM
07Q3
08Q3
-5.9
65
Tacoma
WA
07Q3
08Q3
-5.5
66
New York-White Plains-Wayne
NY-NJ
07Q3
08Q4
-5.3
67
Grand Rapids-Wyoming
MI
05Q4
07Q3
-5.3
68
Bridgeport-Stamford-Norwalk
CT
07Q3
08Q4
-5.1
69
Lexington-Fayette
KY
06Q1
08Q1
-5.1
70
Fayetteville-Springdale-Rogers
AR-MO
06Q2
07Q4
-4.6
71
San Jose-Sunnyvale-Santa Clara
CA
07Q3
08Q4
-4.4
72
Virginia Beach-Norfolk-Newport News
VA-NC
07Q3
08Q3
-4.1
73
Columbus
OH
05Q4
07Q1
-3.7
74
Dayton
OH
06Q4
07Q3
-3.7
75
Indianapolis
IN
05Q3
06Q4
-3.7
76
Provo-Orem
UT
07Q3
08Q3
-3.6
77
Chattanooga
TN-GA
06Q3
07Q4
-3.5
78
Tulsa
OK
06Q3
07Q4
-3.4
79
Salt Lake City
UT
07Q3
08Q3
-3.4
80
Allentown-Bethlehem-Easton
PA-NJ
07Q3
08Q4
-3.3
81
Philadelphia
PA
07Q3
08Q3
-3.1
82
Lake County-Kenosha County
IL-WI
06Q3
08Q2
-3.1
83
Wichita
KS
07Q1
07Q4
-2.9
84
Seattle-Bellevue-Everett
WA
07Q3
08Q3
-2.9
85
Ogden-Clearfield
UT
07Q3
08Q3
-2.9
86
Milwaukee-Waukesha-West Allis
WI
06Q3
07Q1
-2.9
87
Birmingham-Hoover
AL
06Q3
07Q3
-2.9
88
Jackson
MS
06Q3
07Q4
-2.9
89
Richmond
VA
07Q2
10Q3
-2.8
90
Cincinnati-Middletown
OH-KY-IN
05Q3
07Q2
-2.8
91
San Francisco-San Mateo-Redwood City
CA
07Q3
08Q2
-2.7
92
Albany-Schenectady-Troy
NY
07Q2
07Q4
-2.7
93
Springfield
MA
07Q3
08Q2
-2.6
94
Spokane
WA
07Q3
08Q3
-2.6
95
Omaha-Council Bluffs
NE-IA
06Q2
07Q4
-2.1
96
Kansas City
MO-KS
06Q1
07Q2
-2.0
97
McAllen-Edinburg-Mission
TX
05Q1
07Q2
-2.0
98
Fort Worth-Arlington
TX
06Q2
07Q1
-1.9
99
Oklahoma City
OK
07Q3
07Q4
-1.6
100
Memphis
TN-MS-AR
06Q2
07Q3
-1.1