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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Rainer
8,747
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
329,904
Sharon Lord
Argent Décor - Phoenix, AZ
Argent Décor - AZ Vacation Home Furnishing Service

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
225,533
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
651,189
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
1,108,853
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
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Rainer
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John Davison

Raleigh-Cary-Triangle NC
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