Top 10 Riskiest Home Markets For Fall, 2008
The home market has slowed down, but the risk associated with homes prices 2 years from now have bifurcated. The worst markets according the the PMI Institute study show an almost certainty that home prices will be lower than they are today in the following communities. But looking down the list the majority of homes in the country are expected to be at a higher prices, with many markets this being a certainty.
Top 10 Riskiest Home Markets For Fall, 2008
Fort Lauderdale-Pompano Beach-Deerfield Beach; FL A 99.5
Riverside-San Bernardino-Ontario; CA 99.5
Orlando-Kissimmee; FL 99.4
Miami-Miami Beach-Kendall; FL 99.3
Tampa-St. Petersburg-Clearwater; FL 99.0
Las Vegas-Paradise; NV 98.5
Los Angeles-Long Beach-Glendale; CA 98.5
Santa Ana-Anaheim-Irvine; CA 97.7
Jacksonville; FL 97.5
Phoenix-Mesa-Scottsdale; AZ 96.3
The number at the end is the percentage chance that homes prices will be lower in 2 years.
Very funny comparison. However you don't need to pay property tax on Barbies 3 Story Dream House. With the unemployment ...
My wife has actually decided to study for and get her real eatate licence just so we dont ever have ...
I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
Great to hear that the big boys
are predicting recovery sooner than
most think.
Thanks for the value! 
I agree--good analogy. You have to crawl before you can walk. Right now, at least in Austin, many people would ...
I live in the Philippines and I am glad we are not on the lists... 
I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
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Comment by Cyndee Haydon on 2 October 2008:
Interesting – yesterday Case Shiller release price index and Tampa market showed flat versus months of declining numbers – many think we have hit the bottom in July with prices back to 2005 levels – of course who know what will happen with “the armegedon bailout” – get we’ll see in 2 years
Comment by Mike Regan on 13 January 2009:
I’m an appraiser in Pompano Beach FL. I’m seeing condo units which sold for 300k 2 to 3 years ago selling below 115k at foreclosure. It also looks like a lot more foreclosures are going to hit the market soon.