real estate market

According to the Federal Reserve, the pace of the recession has slowed or stabilized in most areas of the United States. Beige Book survey of economic conditions through July 20 showed that labor markets across the country were "extremely soft," with little upward pressure on wages. Employers reported different methods of cutting pay in addition to, or instead of, freezing or lowering wages.

Housing Predictor.com, the research company that almost two years ago before the credit crisis came predicted the foreclosure epidemic and the real estate depression, presented 2009 forecast regarding to the annual best and worst housing market. The Best 25 Markets and the Worst 25 Market forecasts are issued annually and updated throughout the year. The best and worst markets have the highest probability of hitting their forecast from all the forecasts the survey company issues.