Zillow analyzed forecasted Zillow Home Value Index (ZHVI) data for more than 5, 100 individual neighborhoods in hundreds of cities nationwide.

FORBES: The 25 Hottest Neighborhoods for 2013

See Figure 1 for a comparison of both variants of Case-Shiller and their corresponding analogues based on the Zillow Home Value Index.

FORBES: Zillow Forecasts Tomorrow's Case-Shiller Report to Show 4% Yearly Decline, 1.2% Monthly Increase

This forecast is in line with the trend in the Zillow Home Value Index reported in the Q3 Zillow Real Estate Market Report.

FORBES: By Dr. Stan Humphries, Zillow Chief Economist

According to Zillow's home value index, the median value of top-tier homes in the Sandy Springs area is down 11.2% since July 2006, just after the Erbeys bought the house.

WSJ: Ocwen's Rapid Growth Puts Spotlight on Its Practices

To forecast the indices we used the current Zillow Home Value Index value for May, which we released almost three weeks ago, the April Case-Shiller home indices numbers and the national percentage for foreclosure re-sales in May.

FORBES: Connect

All forecasts are shown in the table below and are based on a model incorporating the previous data points of the Case-Shiller series and the September Zillow data on the Zillow Home Value Index and national foreclosure resales.

FORBES: By Dr. Stan Humphries, Zillow Chief Economist

Forecasts for both variants of the Case-Shiller Index are based on the current Zillow Home Value Index value for July, which we released as part of our Real Estate Market Reports a couple weeks ago, the June Case-Shiller home indices numbers and the national percentage for foreclosure re-sales in July , which can be found in the Zillow real estate market reports.

FORBES: Zillow Forecasts Tomorrow's Case-Shiller Report to Show 4% Yearly Decline, 1.2% Monthly Increase