Forecasted Market Recovery?

http://www.cnnmoney.com/realestate2010

The above link is to another expert opinion and a 1-year forecast for home prices in over 380 metro areas across the country. Select your city and consider the projected trend – remember you will have to do your own research for your market. Let’s take Charlotte, NC and Las Vegas as an example and comparison. As outlined in the article and reviewing the various statistics, the conclusion is that 2010 is going to be another difficult year in real estate. However, all markets are different and national overviews are just that and do not illustrate local trends.

Charlotte, NC
Median Home Price: $178,000
Price Climb during the Boom: 32.2%
Price Drop so Far: -10.4%
Projected Add’l Decline: -2.7%
Projected when Prices will hit Bottom: 2011: Q1

Las Vegas, NV
Median Home Price: $157,000
Price Climb during the Boom: 130.8%
Price Drop so Far: -57.0%
Projected Add’l Decline: -18.1%
Projected when Prices will hit Bottom: 2011: Q3

So…. do your own research and hopefully what happens in Vegas stays in Vegas!