What Goes Up, Must Come...Down by 3.8%?

According to the latest housing price forecasts from Fiserv Lending Solutions, a provider of mortgage and consumer lending services, the median home price for the Sacramento housing market is predicted to decline by 3.8% in 2006. That is the 8th worst on a list of 379 metro areas. Other Central Valley metros with negative 2006 forecasts include:

• #5 Stockton: -4.2%
  
• #11 Merced: -3.4%
  
• #15 Modesto: -3.2%
  
• #24 Fresno: -2.3%
  
• #26 Bakersfield: -2.3%
  
• #32 Hanford-Corcoran: -2%
  
• #33 Chico: -2%
  
• #40 Visalia-Porterville: -1.1%