Update: What are the Top 10 worst housing markets in the USA?
By Ricardo "The Realtor" Perdomo, For all of your Real Estate needs & more... Call R
(Keller Williams Realty)
1. Las Vegas, Nevada: Home prices dropped from 2006 to 2009 more than 56%...according to Moody's Economy.com . More than 81% of single-family home mortgages in Las Vegas had negative equity in the fourth quarter of 2009, according to Zillow. It may take more than 20 years for the prices to get back to where they were in the peak. 2. Merced, California: As real estate became increasingly unaffordable in the bigger cities like San Francisco, many would-be homebuyers started exploring options in smaller markets, such as Merced. This trend increased real estate demand in Merced, prices appreciated even faster as exotic mortgage products and investor interest hit the market. Area home prices jumped nearly 129% from 2002 to 2006. 3. Phoenix, Arizona: Home prices in Phoenix jumped more than 1...
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