Most Resilient
Forbes, with the help of data supplied by Moody’s, has projected when and how certain areas of the country will recover from the current housing slump. The data takes into account housing affordability, vacancy rates, the strength of the local economy and job market, investor share in 2005 and the share of subprime mortgages.
Here are their top choices:
Tampa, Fla.
Market trough: First quarter, 2008
Annual price growth following trough: 10.6%
Phoenix
Market trough: Fourth quarter, 2008
Annual price growth following trough: 7.7%
Las Vegas
Market trough: Second quarter, 2009
Annual price growth following trough: 7.2%
San Diego
Market trough: Second quarter, 2008
Annual price growth following trough: 5.3%
New Orleans
Market trough: Third quarter, 2007
Annual price growth following trough: 4.3%
To view other cities on their list, click here.