I've tracked CNN money's appreciation reports for several years and I have found them to be accurate based on tracking the Reno, Las Vegas, Phoenix, and Tucson markets.
This article was quite interesting. A firm estimated the forecasts for 2006 & 2007. I don't read into these 100% because they never explain their numbers , however, its another data point.http://money.cnn.com/pf/features/lists/re_growth_forecast/http://money.cnn.com/2005/12/29/real_estate/buying_selling/handicapping_housing_markets/index.htm
The biggest observation was that Texas may be the next emerging market. Steve, better get ready!
Check your city out! Also, I would recommend going back to CNN money from time to time because they make a good effort to track the national market.