For the past few years, the housing market bears have had a lot to cheer about. The downturn was just as bad as they expected, making many of them very wealthy. The world was their oyster.
But that’s an old story. In 2009, many housing markets performed much better than expected. In some areas that we projected to have double digit declines, prices rose or stayed flat.
At the end of 2008, Fortune projected declines for what it described the 10 worst markets for 2009. Using the latest data from Case-Shiller, we now know that many of them did far better Fortune thought they would.