Top 10 Real Estate Bubble Sitters

Can't Get Bigger Bubbles! Today Bankrate.com gives three interesting top 10 list - top 10 real estate market that will continue to soar, top 10 real estate market with little room to run and top 10 real estate market which will see bubble burst. Here is the top 10 real estate market which wont' appreciate too much :

1. Washington, D.C.: ranked 10th of markets facing possible housing bubble and price may decline in 2007.
2. Fort Myers/Cape Coral, Florida: overvalued as the annual appreciation soared 33% in 2005 yet still affordable.
3. Chicago: no major housing price appreciation yet ratio of housing costs to income exceeds other markets in the state with slow job growth.
4. Honolulu: great economy with little room for home price to increase before drop-off in 2007.
5. Tucson, Arizona: 32% home price increase for the 12 months pushes the current price about 25% higher than the normal price. The market is expected to stablize in 2006.
6. San Francisco: one of the most expensive cities with median home price around $720,000. Shortage of supply will keep the price from falling yet the high price will also keep people from buying.
7. Detroit: despite low housing price appreciation in 2005 compare to other big cities, major job loss and high unemployment rate won't attract buyers.
8. Minneapolis: little home price appreciation when other cities are hot and still expect to see little increase for the next two years.
9. Baltimore: reports indicating the market is overpriced by 17%.
10. Denver: only small housing price appreciation expected in the next few years.