Anyone looking for evidence that the housing recovery, when it comes, will be uneven need look no further than our list of markets on the Builder Market Health Index. Some markets at the top of the list appear poised for recovery this year. Price adjustments have been worked out, employment levels are rising, and excitement has returned to the real estate market. But scroll to the bottom of the list and you’ll find markets still searching for a bottom. Even the top two markets on the list, Austin and Raleigh, have at least one blemish, though they still manage to score about 50, the threshold for a healthy, not weak, market. Hanley Wood Market Intelligence uses projections for employment, household formation, income, and home values to determine the healthiest and weakest markets for 2010. [Read this article]
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