Real Estate Markets - The Worst 10 for 2009
From CNNMoney.com - "10 worst real-estate markets for 2009":
- Los Angeles, CA (-24.9% change in median home price predicted for 2009)
- Stockton, CA (-24.7% change in median home price predicted for 2009)
- Riverside, CA (-23.3% change in median home price predicted for 2009)
- Miami-Miami Beach, FL (-22.8% change in median home price predicted for 2009)
- Sacramento, CA (-22.2% change in median home price predicted for 2009)
- Santa Ana-Anaheim, CA (-22.0% change in median home price predicted for 2009)
- Fresno, CA (-21.6% change in median home price predicted for 2009)
- San Diego, CA (-21.1% change in median home price predicted for 2009)
- Bakersfield, CA (-20.9% change in median home price predicted for 2009)
- Washington, D.C (-19.9% change in median home price predicted for 2009)
Roughly another 20-25% in median home price declines predicted for these markets in 2009. Do you agree with these numbers in consideration that some of these markets have already dropped 40-50% from their peak? Is doomsday really upon us?
Labels: real estate markets










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