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Top Real Estate Markets of 2009 Announced

(EMAILWIRE.COM, January 11, 2010 ) Destin, Florida -- The top real estate markets in 2009 named by Housing Predictor have been released. All ten markets that made the list saw greater improvements in the volume of sales as a result of lower home prices, the federal governmentÂ’s first time buyersÂ’ tax credit and low mortgage rates.

For a moment you might gaze and wonder if there even were enough markets with a strong enough volume of sales to make the list, but bargain prices produced a swell of activity among first time buyers to get them off the fence and into homes. Ironically, all ten are in different states, including some of the worst financially damaged markets in the country in Ohio and Michigan. Markets in Rhode Island, Wisconsin and even Vermont also made the top ten.

Cleveland, Ohio leads the list as the stateÂ’s markets start what appears to be a recovery of sorts in AmericaÂ’s worst housing downturn since the Great Depression. More markets from the Great Lakes and mid-west made the top ten than any other areas of the country.

In 2010 the housing market is far from out of crisis as the epidemic of foreclosures is projected to worsen with another round of foreclosures sweeping the nation triggered by bank servicing companies ramping up efforts to recover banking losses. A high number will sustain double-digit deflation as a result.

Consumers, many of the nationÂ’s largest banks, mortgage companies, retail outlets and real estate firms consult Housing Predictor, which was the first real estate research firm to forecast the foreclosure epidemic and the national housing depression. Check your market forecast, the best and worst 25 market forecasts, real estate news and analysis on the housing market at

Housing Predictor
Mike Colpitts

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