What will your home be worth in 2012?

California

Metro: Los Angeles-Long Beach-Glendale

What a home will be worth in 2012*: $253,328

Q4 2008 price: $350,000

Projected price change by MSA**: -27.6%

Projected price change by state: -13.2%

Los Angeles, best known as the home of Hollywood, is home to excellent universities such as the University of Southern California and large corporations such as aerospace contractor Northrop Grumman. Southern California has been particularly damaged by the downturn in the housing market, and home values are expected to remain soft.

*For all slides, estimated change in median home price.

**For all slides, percentage change forecasted for the Metropolitan Statistical Area from 2009 through 2012.

Texas

Metro: Houston-Sugar Land-Baytown

What a home will be worth in 2012: $160,471

Q4 2008 price: $160,000

Projected price change by MSA: 0.3%

Projected price change by state: -0.1%

Texas in general and Houston in particular have been spared the worst of the downturn, thanks in large part to the energy industry. The sixth-largest metropolitan area in the country will hold steady over the next four years. Prices are expected to dip a bit in 2009 and 2010, but regain ground by 2012.

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New York

Metro: New York-White Plains-Wayne (N.Y.-N.J.)

What a home will be worth in 2012: $343,937

Q4 2008 price: $440,000

Projected price change by MSA: -21.8%

Projected price change by state: -15.6%

One of the metros with the highest housing prices in the nation, the New York-White Plains-Wayne area is projected to have the third-largest drop in the country, behind Los Angeles and Tampa, Fla. Analysts predict that 2009 and 2010 will be the worst years, and then home prices will stabilize. Of particular concern is the impact that the crisis in the financial industry, one of the area's largest employers, has had on the housing market. From banker to back-office staff, thousands of people lost their jobs or saw their incomes slashed. As Wall Street strengthens, so will real-estate prices.

Florida

Metro: Tampa-St. Petersburg-Clearwater

What a home will be worth in 2012: $119,348

Q4 2008 price: $166,000

Projected price change by MSA: -28.1%

Projected price change by state: -30.9%

The Tampa Bay area, on Florida's west coast, has seen its home prices fall dramatically and its unemployment rise. Like many Florida towns, the metro's economy depends on tourists continuing to visit its amusement parks, aquarium and beaches. Florida, however, has been one of the biggest victims of the housing bust and won't see a meaningful rise in home values until 2012.

Illinois

Metro: Chicago-Naperville-Joliet

What a home will be worth in 2012: $248,136

Q4 2008 price: $247,000

Projected price change by MSA: +0.5%

Projected price change by state: +0.6%

Chicago, hometown of President Barack Obama, is the third-largest city in the U.S. and a financial center. The city is famous for its architecture, museums, nightlife and deep-dish pizza. The area's top employers include Jewel-Osco supermarkets, United Airlines and J.P. Morgan.

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Pennsylvania

Metro: Philadelphia

What a home will be worth in 2012: $171,347

Q4 2008 price: $195,000

Projected price change by MSA: -12.1%

Projected price change by state: -3.6%

This year, prices in the nation's fifth-largest metropolitan area are projected to fall 11.6%. Housing prices in the suburbs have dropped but still remain expensive. Real estate in Center City also has seen significant declines but will begin to turn around in 2011.

Ohio

Metro: Cleveland-Elyria-Mentor

What a home will be worth in 2012: $139,573

Q4 2008 price: $129,000

Projected price change by MSA: +8.2%

Projected price change by state: +7.0%

The Cleveland area is projected to have the fourth-largest price change over the next four years, which is good news for the metro's battered homeowners. Both employment and home prices have been among the hardest-hit in the U.S.

Michigan

Metro: Warren-Troy-Farmington Hills

What a home will be worth in 2012: $157,469

Q4 2008 price: $149,000

Projected price change by MSA: +5.7%

Projected price change by state: +2.0%

The metro area includes some relatively affluent suburbs of Detroit, including Farmington Hills. Troy is a retail and business hub, and Warren is home to the General Motors Technical Center. The local real-estate market has been brutalized by the woes of the auto industry. Home prices fell so far, so fast that they are expected to hit bottom in 2010 and then begin rising again.

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Georgia

Metro: Atlanta-Sandy Springs-Marietta

What a home will be worth in 2012: $182,199

Q4 2008 price: $182,000

Projected price change by MSA: +0.1%

Projected price change by state: +0.3%

Atlanta, the capital of Georgia, has seen its home-price declines slow. Prices dropped about 1% in March from to the previous month but were down 16% from a year earlier. The Atlanta metro is home to many of the nation's largest companies including Delta Air Lines, CNN, Coca-Cola and Home Depot.

North Carolina

Metro: Charlotte-Gastonia-Concord (N.C.-S.C.)

What a home will be worth in 2012: $191,788

Q4 2008 price: $185,000

Projected price change by MSA: +3.7%

Projected price change by state: +0.8%

Small price drops over the next two years are projected to be reversed in 2011 and 2012. The economy has been one of the least affected during the recession thanks to the strength of local industries. Bank of America, Lowe’s and Duke Energy all have headquarters in the Charlotte area.