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!
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