February 3, 2011 - A new report suggests those making long distance moving plans might want to set their sights on San Diego or Washington, D.C.

Along with San Francisco, those two cities are some of the few metropolitan markets nationwide that have already experienced home price stabilization, according to Fiserv. The data firm added that most U.S. cities should catch up by the end of 2011. In fact, the company predicted 75 percent of U.S. metros will experience stable home prices by the end of the year with 100 percent of markets coming all the way back by 2012. That's good news for consumers looking to pack their storage boxes and hoping their next home won't decrease in value.

There will be a number of factors holding back the slowest-moving markets, such as Miami, Phoenix and Las Vegas.

"Large supplies of foreclosed properties will continue to be the biggest downside risk for home prices and metro area housing markets," said David Stiff, chief economist of Fiserv.

Meanwhile, those moving to New York City, Minneapolis and Portland, Oregon, should expect prices to stabilize by the end of 2011.

Price fluctuations have been difficult to gauge for many consumers waiting to hire cross country moving companies. According to Standard & Poor's and Fiserv's Case-Shiller index, home prices in November were down 1.6 percent from the year before.
 

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