Business 2.0 worked with Moody’s www.Economy.com to identify 10 cities that have just about hit rock bottom and are on the way up. The bad news is that the East and West coasts are still not expected to recover as quickly as other portions of the U.S.
Texas had the most cities listed, which were Austin, Dallas and Houston. Here is the full list from Moody’s www.Economy.com:
Dallas-Fort Worth
Projected median sales prices for single-family homes:
Q1 2008: $151,930
Q4 2009: $161,690
Growth rate: 6.4 percent
Indianapolis
Projected median sales prices for single-family homes:
Q1 2008: $122,940
Q4 2009: $130,630
Growth rate: 6.3 percent
New Orleans
Projected median sales prices for single-family homes:
Q1 2008: $153,850
Q4 2009: $162,600
Growth rate: 5.7 percent
Atlanta
Projected median sales prices for single-family homes:
Q1 2008: $177,750
Q4 2009: $187,640
Growth: 5.6 percent
Montgomery
Projected median sales prices for single-family homes:
Q1 2008: $140,020
Q4 2009: $147,690
Growth rate: 5.5 percent
Memphis
Projected median sales prices for single-family homes:
Q1 2008: $143,550
Q4 2009: $150,730
Growth rate: 5.0 percent
Mobile
Projected median sales prices for single-family homes:
Q1 2008: $134,580
Q4 2009: $140,920
Growth rate: 4.7 percent
Austin
Projected median sales prices for single-family homes:
Q1 2008: $186,350
Q4 2009: $195,060
Growth rate: 4.7 percent
Houston
Projected median sales prices for single-family homes:
Q1 2008: $154,850
Q4 2009: $161,910
Growth rate: 4.6 percent
St. Louis
Projected median sales prices for single-family homes:
Q1 2008: $143,920
Q4 2009: $149,710
Growth rate: 4.0 percent
