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| Best and Worst Places for Housing Prospects |
| Written by Jonathan Smoke | |
| 04.02.2008 | |
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Discuss this article on the forums. (0 posts) We’ve updated our Prospects Index calculations based on the latest historical data and forecasts for key housing metrics, including market equilibrium, economic outlook, home price risk, and long-term home price appreciation. So it’s time to feature our new best and worst places for housing prospects. Before we get into the list, it’s important to note our emphasis on prospects. Our index calculations are meant to give a picture of what we expect these markets to be like in 3-5 years. While the market equilibrium is current, the other variables are based on the most recent forecasts out for five years. Using the 361 largest markets in the country (all 361 metropolitan statistical areas), the best markets for housing are in the south and west: Tyler, TX The worst metropolitan statistical areas are mostly the markets we hear about in the news—those that were most “bubbilicious” or suffering from economic decline: Ocean City, NJ Looking at all 939 metropolitan and micropolitan statistical areas by relative prospects, we see that the majority of the worst prospects, depicted in red, are in coastal states and Midwestern states. The greener pastures are in Texas, Colorado, New Mexico, and much of the south outside of Florida. National subscribers can access two different versions of our latest Housing Prospects reports, one focused on the 361 metropolitan statistical areas, and one covering all 939 market areas. 
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