10 Worst Real Estate Markets 2010
The ten cities where home prices fell the most over the past year have been plagued by unemployment, and most were in states that had the biggest speculative bubble. These ten worst real estate markets are:
1. Detroit – Livonia – Dearborn, Michigan
2. Las Vegas – Paradise, Nevada
3. Phoenix – Mesa – Scottsdale, Arizona
4. Merced, California
5. Miami – Miami Beach – Kendall, Florida
6. Modesto, California
7. Orlando – Kissimmee, Florida
8. Lakeland – Winter Haven, Florida
9. Salinas, California
10. Cape Coral – Fort Myers, Florida
Kiplinger provides detailed information about the housing markets in these cities and CLICK HERE to get more information about these markets like
Percentage of change in home price reflects the period from July 1, 2008, to June 30, 2009
One-year forecast change in home price is through June 30, 2010
Affordability index is the ratio of median home price to median household income in a market. Markets are ranked 1 through 10, with 1 being the most affordable.
Unemployment rate is as of October 2009
Foreclosure rate is as of the third quarter of 2009
This blog post is brought to you by SimplifyEm Pay Rent Online and Property Management Software
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. 10 Worst Real Estate Markets Where Prices Have Fallen. Is it Time to Buy? is brought to you by SimplifyEm Pay Rent Online and Property Management Software
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I am excited that I discovered your blog . Looking forward to getting to know more about you.
I work with a Property Auction company in Alabama. Check out my link. I am always looking to expand my network. Thanks again!
Due to the high number of homes and foreclosures, it was predictable that prices would fall… For sure it’s time to buy!!
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