I stumbled across this on the Web today. It’s a study by the Center for Economic and Policy Research and the National Low Income Housing Coalition. It represents their guesstimate of the prospects for housing appreciation in a number of statistical MSA’s.

I don’t know if they have any particular bones to pick but the study looked fairly straight forward to me. Interestingly it predicts that homebuyers will not accumulate equity in a number of markets through 2012. Now those kind of predictions have to be taken with a grain of salt but, nevertheless, it makes for interesting reading.