Intro and Markets 1 through 5

Markets 6 through 10

Markets 16 through 20

Next 30 Biggest Markets

Notes:

*All data and upside/downside commentary courtesy the Meyer's Group

*Demand/Supply Ratio (1.0 plus -- Job-growth-driven-demand exceeds permit supply; 0 to .99 -- Supply exceeds demand; less than 0 -- Negative job growth)

*Illustrations by John Mattos

Upside
Tight housing supply keeps resale equity high ... highly educated and skilled workforce ... major technology and bio-tech hub ... industry diversification ... single-family permits up.

Downside
Continued employment losses ... rising foreclosure rate ... low housing affordability and high business costs ... vulnerable to tourism slowdowns ... region losing residents ... home price appreciation will be modest.

Upside
Strong home price appreciation ... steady residential construction and new construction projects ... steady population growth ... effort to revitalize downtown under way.

Downside
Job losses continue ... delayed national recovery impacting region ... multifamily permit activity waning ... declines in vehicle sales negatively affecting metro economy.

Upside
Stronger economic recovery than the national norm ... steady population growth ... good home price appreciation for new and existing homes ... strong personal income growth ... building permit issuance could set area record.

Downside
Tight supply of developable land pushing prices up ... strained regional infrastructure ... heavy reliance on tourism ... job-driven and demand/supply ratios continue to move back.

Upside
Mortgage rates keeping single-family permit activity steady ... leaner manufacturing base ... fiscally stronger state and local governments ... expanding workforce ... steady population growth ... price appreciation strong.

Downside
National recovery slowing new home orders ... airline industry is not stabilized ... loss of corporate headquarters hurting local economy ... multifamily permitting has trailed off.

Upside
Double-digit price appreciation ... high per-capita income ... single-family and multifamily permit issuances up ... employment conditions expected to improve.

Downside
High cost of doing business ... population growth below historical average ... increasing home prices pulling affordability ratio down ... job growth and demand/supply ratios in negative territory.

Intro and Markets 1 through 5

Markets 6 through 10

Markets 16 through 20

Next 30 Biggest Markets