Another good link regarding nationwide housing prices: http://money.cnn.com/2005/12/29/real...kets/index.htm
Note Greenville NC is -4% in terms of prices vs. value (underpriced homes). Another reason for you to look into moving there.

Also note Merced is 77% overpriced, plus probably more than half of the top twenty are in the same area.....smog, overpriced homes...I repeat! Do NOT move to the Central Valley, CA! We bought our 4bdrm/2ba new-construction home just before prices in our neighborhood skyrocketed. We could sell ours for about a $150,000 profit over what we bought it for only just 2.5 years ago.