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New York City ranked #1 housing market according to Forbes
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Post New York City ranked #1 housing market according to Forbes 
http://www.forbes.com/2009/02/24/housing-cities-ten-lifestyle-real-estate_home_prices_slide_4.html?thisSpeed=15000

In Depth: Best U.S. Housing Markets

No one is making a great deal of money in real estate right now, but that doesn't mean all cities are feeling the same amount of pain. Using data released Feb. 24 from the S&P/Case-Shiller home price index, we examined 20 cities in the U.S. on the basis of how fast home prices are falling, whether or not that descent is picking up speed or slowing down, and how many months of lost equity homeowners have endured. The data covers the period between November 2008 and December 2008 for month-to-month results, and December 2007 to December 2008 for year-over-year numbers. Our list of the 10 best-performing cities is followed by the list of the 10 worst performers.

Best, No. 1: New York, N.Y.
Index score: 183.5
Prices were last this low: November 2004
Month-to-month drop: -1.72%
Year-over-year drop: -9.19%

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Number 1 is nice but considering everywhere is doing so badly, number 1 is still bad.

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