Where the markets are going in '09

Another look at 100 metropolitan real estate markets. Western NY does very well, courtesy of CNNMoney.com.


Top 5 Markets
1.) McAllen, TX
Home Price (median)- $109,000
Price Change (5 years)- 23.3%
Forecast (May '09)- 4.0%
% change in foreclosure rate (1 year)- 23%

2.) Rochester, NY
Home Price (median)- $121,000
Price Change (5 years)- 20.1%
Forecast (May '09)- 2.7%
% change in foreclosure rate (1 year)- 5%

3.) Birmingham
Home Price (median)- $156,000
Price Change (5 years)- 29.4%
Forecast (May '09)- 2.7%
% change in foreclosure rate (1 year)- 20%

4.) Syracuse
Home Price (median)- $126,000
Price Change (5 years)- 29.5%
Forecast (May '09)- 2.6%
% change in foreclosure rate (1 year)- 27%

5.) Buffalo/Niagara Falls
Home Price (median)- $105,000
Price Change (5 years)- 24.5%
Forecast (May '09)- 2.4%
% change in foreclosure rate (1 year)- 14%

Bottom Five
96.) Las Vegas
Home Price (median)- $277,000
Price Change (5 years)- 60.8%
Forecast (May '09)- -18.3%
% change in foreclosure rate (1 year)- 2%

97.) Phoenix
Home Price (median)- $237,000
Price Change (5 years)- 60.9%
Forecast (May '09)- -18.3%
% change in foreclosure rate (1 year)- 9%

98.) Orlando
Home Price (median)- $245,000
Price Change (5 years)- 62.5%
Forecast (May '09)- -21.0%
% change in foreclosure rate (1 year)- 399%

99.) Fort Lauderdale
Home Price (median)- $309,000
Price Change (5 years)- 56.1%
Forecast (May '09)- -22.2%
% change in foreclosure rate (1 year)- 450%

100.) Miami
Home Price (median)- $329,000
Price Change (5 years)- 94.8%
Forecast (May '09)- -24.9%
% change in foreclosure rate (1 year)- 370%

OTHER AREA NOTABLES:
18.) Albany, NY
Home Price (median)- $200,000
Price Change (5 years)- 64.1%
Forecast (May '09)- 0.9%
% change in foreclosure rate (1 year)- 10%

32.)Pittsburgh
Home Price (median)- $144,000
Price Change (5 years)- 18.1%
Forecast (May '09)- -1.3%
% change in foreclosure rate (1 year)- 1%

Click here to view the full list