A recent report by Standard and Poor's Ratings Services introduces a new tool for predicting where home prices are headed. In its report “Boom, Bubble, or Bust?” the rating agency uses its Housing Volatility Index to calculate the volatility of home prices in 331 metropolitan statistical areas and forecasts the probability of a downturn in prices. According to the report, San Luis Obispo, Calif., New Bedford, Mass., and Ventura, Calif., are most likely to experience declines in market value, while Austin, Texas, is least likely.

Learn more about markets featured in this article: Austin, TX.