Major Metropolitan Real Estate Market Forecasts
The major 25 real estate metropolitan statistical areas are based on housing and population densities in the Greater Metropolitan areas, and are listed in order from the heaviest populated areas to the least concentrated in 2009.
The Housing Predictor forecasts are issued annually at the beginning of the year and updated throughout the calendar year as market conditions and economic dynamics change. More than 20 factors are taken into consideration to issue the forecasts and are compiled from the more than 250 local housing market forecasts made for all 50 states.
A combination of factors, including the credit crisis, all-time record levels of home foreclosures, worsening consumer confidence and growing unemployment account for some of the issues damaging housing prices in the majority of the nation.
|Rank||Real Estate Market||Forecast|
|1.||New York, NY||-29.7%|
|2.||Los Angeles, CA||-18.2%|
|5.||San Francisco, CA||-17.6%|
|21.||St. Louis, MO||-11.0%|