Justice

The Neighborhoods Where Locals Want to Live

Trulia tracks where in-town buyers search for housing.
Reuters

The bottom of the American housing market is nowhere in sight - according to Bloomberg, property values declined 3.7 percent in 20 cities between November 2010 and November 2011.

But to look exclusively at the forest is to miss some of the subtle differences between its trees. Super-smart neighborhoods in New York, Los Angeles, London and elsewhere have seen housing prices sky-rocket, driven not just by out-of-state buyers but by international ones. A Chinese buyer, for example, broke records when he purchased a Toronto condo for a record $28 million last year.