Housing Markets, Top Rising and Falling

It's always fun to compare different markets, but this report doesn't mention our Salt Lake City Real Estate Market.
What we're seeing locally, is more homes are being sold, but the prices are still creeping downwards.  However, not as much in other Real Estate markets.  We don't take the huge increases in good markets and as a result, we also don't take the huge decreases.

The people that are seeing the biggest decreases are in the price ranges over $400,000.

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.