Monday, May 10, 2010

In these markets, housing has a long way to go - Tomorrow's Real Estate Trouble Spots


[mEDITate-OR:
loose all track of your money...
as you are loosing it.
This is a rather odd way to look at this.
Not how much you have already lost, but how much you SHOULD expect to loose now.
So..., IF you are already 50% underwater in your home in Phoenix...!!!
you are supposed to feel sorry for poor Flagstaff...
they MIGHT loose as much as 21% of their home's value.
As they say in the Bull ring...
it all depends on who is getting gored.
-----------
In these markets, housing has a long way to go
These cities, communities rank among tomorrow’s real estate trouble spots
Since the 1970s casino-rich Atlantic City has been a beachfront escape for poker aficionados and Keno-loving retirees from Philadelphia, Northern New Jersey and New York.

Sure Eugene, Ore., is picaresque. But homes there are priced 21 percent more than they should be.
-------------
List: Tomorrow's Real Estate Trouble Spots
While metros like Miami, Las Vegas and Los Angeles have gained notoriety for plummeting home prices, it's not those markets that have the most to worry about now.
------------
3. Metropolitan Statistical Area: Portland-Vancouver-Beaverton, Ore.-Wash.
Equilibrium Home Price: $189,818.00
Overpriced: 31%
12-month Price Forecast: -9%
5. Metropolitan Statistical Area: Bellingham, Wash.
Equilibrium Home Price: $230,024.00
Overpriced: 22%
12-month Price Forecast: -9%
6. Metropolitan Statistical Area: Flagstaff, Ariz.
Equilibrium Home Price: $219,260.00
Overpriced: 21%
12-month Price Forecast: -13%
9. Metropolitan Statistical Area: Eugene-Springfield, Ore.
Equilibrium Home Price: $180,210.00
Overpriced: 21%
12-month Price Forecast: -8%



No comments:

Post a Comment