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CA Has The Worst Housing Market In the U.S.

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Real Estate Agent with The Adam and Eric Group 01499486

California tops the list of the United States worst housing markets.  This year California suffered a year-to-year loss of 25.18% which is followed closely by Nevada with a year-to-year loss of 24.88%.  arrow

Data shows California has been at the bottom of the rankings for  20 consecutive months, only being surpassed by Nevada during the months of January and February 2008.  The rankings are calculated by tracking losses or gains on individual properties sold in a given month.

Rounding out the bottom 10 for the month of March was Florida (down 19.4%), Arizona (down 19.79%); Rhode Island ( down 17.98%) Illinois ( down 14.18%); Washington (down 13.62%); Oregon (down 11.43%); Maryland (down 11.08%) and Virginia (down 10.73%.)

On the opposite end of the spectrum was West Virginia with was up 7.27% for the 12th straight month.

 

Comments(1)

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Alyce Martin
The Realty Group, LLC - Albuquerque, NM
Albuquerque - THE Place To Be!

What's up with West Virginia anyway?  Verrrrry interesting.  Thanks for sharing this info.

May 05, 2009 04:57 PM