Fewer housing markets are forecast to appreciate making the Housing Predictor Top 25 market list for the year as job layoffs and business failures throw the national economy into a deepening recession. There are now eight markets forecast to experience housing inflation in 2009.
North Dakota and Montana were the last two states to produce signs of a downturn in their real estate markets. At the beginning of the year, Montana placed all five of its markets on the list with forecast housing inflation, but since that time economic conditions have deteriorated and show a powerful likelihood of worsening through the remainder of 2009.
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