To compile this list, Forbes asked Moody’s Economy.com to compile a list of the country’s real estate markets that are nearest to recovery. Moody’s looked at the country’s Census-defined metro areas–including metropolitan and micropolitan statistical areas–with populations over 500,000, and prepared forecasts through 2011. They then compared them to prices in the second quarter of 2008, which are the latest figures available, to calculate how far prices will likely fall before reaching bottom.
Source: Forbes
