Staff Report
Published Dec. 28, 2009

Backing up recent housing numbers from the Lowcountry, an independent analysis has put the Charleston region among the top five areas where residential real estate is most likely to rebound in 2010.

Moody’s Investors Service, an economic and financial research and analysis company, said confidence shown by the Boeing Co. had a lot to do with its assessment of Charleston.

SmartMoney.com published the report, which noted that, once again, both Seattle and Charleston continue to be on economic and quality of life lists. North Charleston beat out Seattle for a second Boeing 787 assembly line late this year.

The online publication quotes an economist saying that income levels in the Southeast and Charleston didn’t get out of synch with the housing market as much as they did in many areas of the United States. The economist also said the future for high-end manufacturing is on the rise.

Housing markets on the rebound

Moody’s data shows that the following five housing markets are predicted to do better in 2010:

Source: Moody’s Investors Service