median price

2009 was a tough year for job creation in the United States. Since job creation drives home prices, the 2009 job losses are likely to leave a lasting impact.

How lasting?

Economists estimate that it may take the United Stated 125 months (10+ years) to fully recover the jobs lost during the great recession of 2009.

In Texas, which had the strongest job growth of any state over the last decade, it is predicted to take 37 months or just over 3 years for the job losses to be recovered.

Mark Dotzour, the director of the Real Estate Center at Texas A&M University, has announced that the Texas real estate market has likely reached bottom.

Fortune and Economy.com just released 5-year real estate appreciation predictions for 54 major metropolitan areas.

For the analysis, they looked at the likely price increase or decrease for a luxury home that would ell today for twice the local median price.

Here is a summary of the results: