The annual metropolitan forecasts housing markets in the top 25 Greater Metropolitan Statistical areas in the U.S., and include housing and population densities. The forecasts are listed in order from the most populated major U.S. city to the least.
Housing Predictor forecasts are issued in January of the New Year and updated as local market conditions change throughout the year in the more than 230 markets forecast.
Some 20 factors are taken into account to determine forecasts, including home sales volume, mortgage lending, new home construction, regional economic growth and development, commercial building, employment levels, historical trends and consumer confidence.
The unprecedented foreclosure crisis is impacting most major U.S. markets and is projected to trigger additional housing value losses in 2011 as markets grow more accustomed to the new economy with less bank lending, lower employment levels and social change.