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!

 

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

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Rainer
8,149
Pam Canova
Realtor Mount Airy, Md.
Weichert, Realtors

Thanks.  It is really helpful to have this information.

August 09, 2011 05:50 PM
Rainmaker
329,854
Sharon Lord
Argent Décor - AZ Vacation Home Furnishing Service
Argent Décor

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!

August 09, 2011 05:54 PM
Rainmaker
213,885
Jeremy Wrenn
President, Wrenn Home Improvements
Wrenn Home Improvements

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

August 09, 2011 06:00 PM
Rainmaker
606,770
Sheila Newton Team -- Anderson & Greenville SC Real Estate
--Residential/Short Sales/Foreclosures
Berkshire Hathaway HomeServices - C. Dan Joyner

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

August 10, 2011 11:46 PM
Rainmaker
1,108,089
Jim Frimmer
Realtor & CDPE, Mission Valley specialist
HomeSmart Realty West

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♪♫♫♪

August 15, 2011 01:28 PM
Anonymous
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Rainer
48,672

John Davison

Raleigh-Cary-Triangle NC
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