Where will the Housing Market Bounce Back the Most?

Housing Market Bounce Back Report - Good News!
Vero Real Estate's VeroForecast ran a study recently on where the strongest housing market bounce back may occur. Want some good news? The housing market bounce back report states that 40% of major metro markets will see a bounce back in home values in 2011. The report also states that smaller cities (cities with under 250,000 people) will make up the majority of those with positive growth statistics.
Housing Market Bounce Back | 5 Strongest: Dec. 2010-Dec. 2011
San Diego, Calif. +3.5%
Kennewick, Wash. +3.4%
Pittsburgh, Pa. +2.7%
Fargo, N.D. +2.6%
Washington, D.C. +2.5%
Housing Market Bounce Back | 5 Weakest: Dec. 2010-Dec. 2011
Reno, Nev. -7.2%
Orlando, Fla. -6.5%
Boise City, Id. -6.4%
Daytona Beach, Fla. -6.3%
Port St. Lucie, Fla. -6.3%
http://finance.yahoo.com/real-estate/article/111989/where-will-housing-bounce-back-most?mod=realestate-buy
Regionally, the report sees more vigorous recovery in the South, with overall growth rates being the best in Texas, Louisiana and Arkansas. As usual, the weakest regions will be in Florida, Nevada, California, and Arizona.
The housing market bounce back report concludes that around 40% of all major metro areas should see some mild appreciation over the next 12 months, and nearly 60% of all markets will appreciate over the next 12 to 24 month horizon. These projections are much better than last year, when it was projected that there would be a double digit drop in home prices. Right now, any projected growth is good news, and the housing market bounce back report seems to be showing that the real estate market prices may just be finally heading in a direction of positive growth.

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