Nationally, home prices are projected to decline 4 percent by the end of this year, according to Fiserv Case-Shiller’s latest projections. The country’s largest population centers will not escape this fate. In fact, in all but 50 of the 384 largest metropolitan areas examined, home prices are projected to decline for at least another 12 months before they start improving.
Among the 50 fortunate regions where housing prices are expected to increase, the gains will likely be modest. Only in nine cities are home values projected to grow by more than 3 percent, and the largest increase is estimated at just 4.3 percent.
24/7 Wall St. reviewed the fastest-growing housing markets to try to identify the reasons behind their success.
24/7 Wall St.’s Fastest-Growing Housing Markets is based on Fiserv Case-Shiller’s forecast of changes in home prices from the fourth quarter of 2011 to the fourth quarter of 2012. 24/7 Wall St. also included each metropolitan area’s population, February 2012 unemployment rate, and change in home prices from the fourth quarter of 2010 to the fourth quarter of 2011 — all of which was provided by Fiserv Case-Shiller.
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: The States With The Most Homes In Foreclosure The Ten Most And Least Affordable Cities To Buy A Home Nine Countries Where Unemployment Does Not Exist The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.