Connect with us

Hi, what are you looking for?

The American GeniusThe American Genius

Housing News

Ten cities may continue struggling regardless of national market

Home prices up, some cities may still struggle

Standard and Poor’s reported yesterday that while the Case-Shiller Home Price Indices are up over last year, several cities are still struggling.

Today, Forbes forecasts ten cities where the housing crisis will continue, regardless of the national recovery.

By analyzing Local Market Monitor data of 315 Metropolitan Statistical Areas (MSAs) for area rankings and determined that

Ten worst real estate “trouble spot” MSAs

According to Forbes.com:

  1. Atlantic City – Hammonton, NJ– overpriced homes 54%, 12 month price forecast -9%
  2. Provo-Orem, UT– overpriced homes 44%, 12 month price forecast -12%
  3. Portland-Vancouver-Beaverton, OR/WA– overpriced homes 31%, 12 month price forecast -9%
  4. Glens Falls, NY– overpriced homes 22%, 12 month price forecast -11%
  5. Bellingham, WA– overpriced homes 22%, 12 month price forecast -9%
  6. Flagstaff, AZ– overpriced homes 21%, 12 month price forecast -13%
  7. Salt Lake City, UT– overpriced homes 21%, 12 month price forecast -10%
  8. Charleston-North Charleston-Summerville, SC– overpriced homes 21%, 12 month price forecast -9%
  9. Eugene-Springfield, OR– overpriced homes 21%, 12 month price forecast -8%
  10. Salisbury, MD– overpriced homes 21%, 12 month price forecast -8%

If your city is in the top 10, are there reasons other than home prices that may impact a continued decline or a possible recovery? What do you think of the top 10?

CC Licensed image courtesy of isaks via Flickr.com.

Advertisement. Scroll to continue reading.

Tara Steele is the News Director at The American Genius, covering entrepreneur, real estate, technology news and everything in between. If you'd like to reach Tara with a question, comment, press release or hot news tip, simply click the link below.

8 Comments

Leave a Reply

Your email address will not be published.

The
American Genius
news neatly in your inbox

Subscribe to our mailing list for news sent straight to your email inbox.

Advertisement

KEEP READING!

Real Estate Technology

(TECH NEWS) It turns out that Internet of Things, like smart bulbs in homes, are not secure and give up your info - here...

Real Estate Marketing

(MARKETING) Your fancy, self-animating website might be making people violently ill, even if it is insanely beautiful. Sorry...

Real Estate Marketing

(MARKETING) Conduit is a CRM that does more than CRM, it analyzes your networking data to help you see how to improve your relationships.

Real Estate Corporate

(REAL ESTATE) Zillow has long been a data powerhouse, but a lawsuit about a $150M listing offers a look into listings claims.

The American Genius is a strong news voice in the entrepreneur and tech world, offering meaningful, concise insight into emerging technologies, the digital economy, best practices, and a shifting business culture. We refuse to publish fluff, and our readers rely on us for inspiring action. Copyright © 2005-2022, The American Genius, LLC.