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Friday 12 August 2011
rl2010marketing: 10 housing markets that will collapse this year
rl2010marketing: 10 housing markets that will collapse this year: "10 housing markets that will collapse this year"
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The real estate market is already in the deepest depression in modern U.S. history. If you think it can’t get any worse, think again.
In several cities, the real estate market is about to drop even more. Home values in many of those cities, such as Las Vegas, have already collapsed as unemployment has shot higher. And with no hope of quick recovery, housing prices are expected to continue to fall. 24/7 Wall St. identified ten housing markets that are expected to drop by at least another 10 percent by 2012.
Methodology: We used data from the Fiserv Case-Shiller Indexes, which track real estate activity in 380 cities.
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