Weakest U.S. Housing Markets

Home prices in the next year are expected to decline the most in these 10 areas. To arrive at these findings, Moody's ran projection models based on a number of supply and demand drivers: the state of the local economy, job growth, new construction contracts, construction costs, unsold housing inventory and housing affordability; researchers also looked at figures projecting housing turnover and housing sales rates. The third model took into account the state of local credit markets, and foreclosure and delinquency projections. Overall rankings were a weighted average of the three models, slightly favoring factors contributing to supply and demand. Data were supplied by the U.S. Census Bureau, National Association of Realtors, Equifax, a credit market tracking firm, and Moody's Economy.com.Read the Complete Article

• In Pictures: 10 Weakest U.S. Housing Markets