Nevada

Carson City Convention and Visitors Bureau

Nevada

Biggest home price increase projected in 2014: Carson City metro

Forecast 4-year price increase: 31.6 percent
Current median price: $141,524*
Prices to reach trough in: 2011 Q2
Median family income: $63,100
Population: 55,180

By the second quarter of 2011, prices in the Carson City area are expected to have fallen 34.4 percent from peak levels, according to the Fiserv and Moody's Economy.com. Recovery will depend on job creation, as the unemployment rate was 13.4 percent in June, according to the BLS. While expectations for near-term economic growth have diminished recently and competition for jobs is extremely high, opportunities exist, even in a declining labor market, according to Nevada's Employment, Training, & Rehabilitation Dept.

Index used to calculate historical home price changes: FHFA
* Source: John Burns Real Estate Consulting, April 2010