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Mary Lowry Smith

Top Rising, Falling Housing Markets

When the recovery in housing finally comes, some housing markets will rebound sooner than others. Real estate forecasting service Local Market Monitor, which covers the nation’s 300 largest markets, has identified 13 markets where it predicts home prices will rise in the coming months and 11 markets where it expects home prices will continue to decline significantly.

To make these picks, Local Market Monitor uses a proprietary formula. Here are the 13 markets where it expects prices to rise:
  1. Baton Rouge, La.
  2. Buffalo-Niagara Falls
  3. Dallas-Plano-Irving
  4. Fort Worth-Arlington
  5. Houston-Sugar Land-Baytown
  6. Little Rock-North Little Rock-Conway, Ark.
  7. McAllen-Edinburg-Mission, Texas
  8. Oklahoma City
  9. Rochester, N.Y.
  10. San Antonio
  11. Syracuse, N.Y.
  12. Tulsa
  13. Wichita, Kan.

Here are the 11 markets where it believes home prices will continue to decline:
  1. Bakersfield, Calif.
  2. Fort Lauderdale-Pompano Beach-Deerfield Beach, Fla.
  3. Fresno, Calif.
  4. Las Vegas-Paradise
  5. Miami-Miami Beach-Kendall
  6. Orlando-Kissimmee
  7. Oxnard-Thousand Oaks-Ventura, Calif.
  8. Phoenix-Mesa-Scottsdale
  9. Riverside-San Bernardino-Ontario, Calif.
  10. Stockton, Calif.
  11. West Palm Beach-Boca Raton-Boynton Beach, Fla.

Source: Local Market Monitor (06/23/2009)
Published Friday, June 26, 2009 12:28 PM by Mary Lowry Smith
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