America's 10 Sickest Housing Markets

By
Real Estate Agent with Coldwell Banker

A recent article was published on TODAY.com regarding housing markets most adversely affected by price decreases, increased vacancies, and the down economy.  The list is as follows (starting with the worst):

Tucson, AZ

Indianapolis, IN

Memphis, TN

Atlanta, GA

Baton Rouge, LA

Dayton, OH

Detroit, MI

Kansas City, MO

St. Louis, MO

Oklahoma City, OK

The data wa sgathered by 24/7 Wall St. via a census of the 75 largest U.S. metro areas.  They ranked the cities with the highest overall vacancy rates for both homeowner vacancy and rental vacancy in the 2Q of 2011.  They then removed the cities on that list that had either improved homeowner vacancy rate in either the last twelve months or the last quarter.  They also took unemployment rates into consideration.  They also used historical median home prices provided by NAR.

Feedback from anyone in any of these areas would be welcomed.  It's nice to be able to compare media driven information with real life experiences of people living in these markets.  Thanks all!

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Tags:
tucson
market
kansas city
atlanta
housing
memphis
detroit
indianapolis
dayton
st louis
baton rouge
real estate
oklahoma city

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainer
8,897
Pam Canova
Long & Foster, Mt. Airy/Damascus - Mount Airy, MD
Realtor, Mt. Airy, Maryland

Thanks.  It is really helpful to have this information.

Aug 09, 2011 05:50 PM #1
Rainmaker
333,447
Sharon Lord
Maracay Homes - Chandler, AZ
New Home Advisor

John - WOW Tucson was #1....?!?!?  That blows my mind!  I'm from Detroit originally, and I can't fathom any city beating it out for top spot!

Aug 09, 2011 05:54 PM #2
Rainmaker
251,963
Jeremy Wrenn
Wrenn Home Improvements - Wake Forest, NC
President, Wrenn Home Improvements

John, just thankful our area isn't in that list, and sorrowful for those that are in those areas!

Aug 09, 2011 06:00 PM #3
Rainmaker
687,364
Sheila Newton Team -- Anderson & Greenville SC Real Estate
Berkshire Hathaway HomeServices - C. Dan Joyner - Anderson, SC
25 years experience -Residential Real Estate Sales

so happy we are not on that list!!! Hate it for the ones that are!!

Aug 10, 2011 11:46 PM #4
Rainmaker
1,111,544
Jim Frimmer
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist

I wonder if it has something to do with heat. Sickness can be cured, so those cities should get to work curing their sickness! J♪♫♫♪

Aug 15, 2011 01:28 PM #5
Post a Comment
Spam prevention
Show All Comments
Rainer
48,742

John Davison

Raleigh-Cary-Triangle NC
Ask me a question
*
*
*
*
Spam prevention