Expected price increase
: 3.8 percent Unemployment rate
: 8.3 percent (142nd highest) Change in home prices (2010Q4-2011Q4)
: -6.1 percent
From their peak in the second quarter of 2007, home prices in the Eugene-Springfield region fell 21.2 percent during the recession, putting it in the top third for the biggest declines in the country. In the last year alone, prices fell nearly 6 percent, the 40th worst decline in the country. However, Fiserv projects the region has hit its trough. Through the fourth quarter of this year, home prices are expected to increase 3.8 percent. Between the end of this year and the end of 2013, they will go up an additional 8.3 percent.
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