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10 Places You DON’T Want To Buy A House

10 bad cities to buy ss

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10 markets projected to decline this year

Text of 10 bad cities to buy ss

  • 10 Places You DONT Want To Buy A House
  • 10. Elkhart, IN Despite a lower-than- average unemployment rate, Elkhart home values are expected to fall Elkharts home values are still 13% below pre-crash values Projected 1-Year Decline: 0.9% Public domain
  • 9. Provo, UT Provos home values declined by more than 3% over the past year, and are expected to continue to do so Provos market has barely rebounded, and is currently just 8% higher than the 2012 lows Projected 1-Year Decline: 1.0% Michael Duersch
  • 8. Santa Fe, NM Santa Fes home values are just 3% above the lows If the declines continue, we could see new post-crisis low prices in Santa Fe Projected 1-Year Decline: 1.1% Wikipedia/ prazak
  • 7. Columbia, MO Columbias home values have declined almost 4% in the past year The market is ranked just a 1.4 out of 10 on Zillows health index Projected 1-Year Decline: 1.1% Wikipedia/ csch15
  • 6. Ocean City, NJ Ocean City has an expensive market, with the average home worth about half a million dollars Superstorm Sandy has created a difficult housing recovery in the area Projected 1-Year Decline: 1.6% Wikipedia/ Arabsalam
  • 5. Houma, LA Houmas market has rebounded strongly since the crisis, and may have come too far, too fast The average home value in Houma is actually more than its pre-crisis peak Projected 1-Year Decline: 1.8% Wikipedia/ infrogmation
  • 4. Charlottesville, VA Charlottesville actually has a fairly robust market, with far fewer underwater mortgages and delinquent homeowners than the U.S. average However, the average listing price has risen more than 22% in the last 18 months alone, leaving the market due for a pullback Projected 1-Year Decline: 1.8% Bobak HaEri
  • 3. Cape Cod, MA Cape Cods home values are still well below the pre-crisis peak After a strong 2013, home values have already begun to fall this year Projected 1-Year Decline: 2.0% Flickr/ Phillip Capper de Wellington
  • 2. Baton Rouge, LA Baton Rouge has a relatively inexpensive market, with the average home worth $138,400 However, the market barely budged during the crash, and is now 5% higher than its pre-crisis peak Projected 1-Year Decline: 2.5% Public domain
  • 1. Kingston, NY Kingston has one of the least healthy real estate markets in the U.S. 24% of Kingstons homeowners are underwater on their mortgage Nearly 14% of all mortgages are currently delinquent in Kingston Projected 1-Year Decline: 2.5% Daniel Case
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