In cities such as Seattle, San Francisco and New York real estate continues to booming. During the first quarter of this year 2007, the median price for a Manhattan home went up to 18%, to $872,000, when compared with the same period last year, according to a repot from a Web portal that came on April 17. The median price for all of New York City, which includes much weaker middle-class neighborhoods in the Brooklyn, Bronx, Queens and Staten Island, rose to 4% in the first quarter, to $535,000.

And the numbers continue to amaze everyone in the real estate market. Manhattan real estate continues to climb greater heights because of the wealth of its buyers, the still-strong job market, the limited supply of homes and the weak dollar, which is pulling in more foreign buyers. And Manhattan isn't America's only strong market; bright spots in the real estate market include Charlotte, N.C. and Austin, Texas.