Biggest 2009 Home Value Swings in U.S.A.

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Education & Training with Realty Mark Associates AB066878

I came across this article at http://www.cnbc.com/id/34525550?slide=1 which is from a Zillow generated report on the vagaries of real estate markets throughout the U.S. using their "Zestimates". These value shifts are a comparison of 2008 to 2009 figures. Fifteen markets with the most dramatic shifts are highlighted out of 154; 3 good and 12 not so good.

If you are in or near these areas, it may help customers that you're working with to understand what is happening immediately around to them. I find that articles from a news source like CNBC.com contain useful information to pass on.

15. Denver, Colorado had a .9% gain

14. Providence, Rhode Island had a 1.8% gain                                                                              

13. Tampa, Florida had a -14.9% loss

12. Sacramento, California had a -13.4% loss

11. Orlando, Florida had a -20.7% loss

10. Boston, Massachusetts had a 1.5% gain                       

9. Detroit, Michigan had a -20.5% loss                                    

8. Las Vegas, Nevada had a -31% loss

7. San Francisco, California had a -5.1% loss

6. Riverside, California had a -21% loss

5. Phoenix, Arizona had a -20.4% loss

4. Miami - Fort Lauderdale, Florida had a -16.1% loss

3. New York, New York had a -10.4% loss

2. Chicago, Illinois had a -10.4% loss

1. Los Angeles, California had a -4.2% loss of value

All in all, Zillow reported that 2009 home value losses are stabilizing compared to 2008.

 

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Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hi Suzanne,

Thank you for sharing an informative and helpful post. Merry Christmas!

John Pusa

Dec 23, 2009 10:09 AM #1
Rainmaker
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Suzanne Strickler
Realty Mark Associates - Havertown, PA
School is never out for the Successful.

John

May the New Year find you brimming with business!

Dec 23, 2009 10:28 AM #2
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Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

What a great list.  Thank you for taking the time to share.

Dec 23, 2009 12:17 PM #3
Rainmaker
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Suzanne Strickler
Realty Mark Associates - Havertown, PA
School is never out for the Successful.

Jim

I enjoy reading your comments. Merry Christmas to you and yours.

 

Dec 24, 2009 01:49 AM #4
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Suzanne Strickler

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