Mobile, Ala.
TAD DENSON - MYSHOTZ.COM/MOBILE BAY CONVENTION & VISITORS BUREAU
Home prices in Mobile have dropped about 7 percent in recent years. At the same time, the area’s price-to-income ratio has dropped to 1.52 through the third quarter of 2009. That is significantly less than its average ratio of 2.18 for the 15 years ending in 2003.
