10 worst real-estate markets for 2009
 

10 worst real-estate markets for 2009
The housing market hasn't bottomed out yet. For the third quarter, the closely-watched S&P Case-Shiller national home-price index fell 16.6%, and experts are predicting further declines. Of the top 100 markets, here are 10 with the worst forecasts.

1, Los Angeles, California
2. Stockton, California
3. Riverside, California
4. Miami, Florida
5. Sacramento, California
6. Santa-Ana, Anaheim California
7. Fresno, California
8. San Diego, California
9. Bakersfield, California
10. Washington, D.C.

http://money.cnn.com/galleries/2008/...une/index.html

I read that article as well, they anticipate a further 27% drop in the miami area for next year:thumbsup

Yep. Actually from the looks of it, by 2010 I may wanna be looking for some real estate over in Cali.
:thumbsup:thumbsup

seems like California is not the place to buy a house right now eh :winkwink:

seriously tho, im hoping prices come down to an almost normal price in LA, it would be nice to own a condo for less than $600k

Noice to see Orange County representing again... lol...

I think technically we stopped counting anaheim and santa ana as ours a long time ago.

True dat.

Hopepfully the housing out there gets back to reasonable prices. I am sure it will still be higher than the midwest, but something under a half mil for a decent place bigger than a bread box would be nice.

You can pick up a 6-8 yr old, 3000+ sq ft home in Buckeye, AZ right now for 70-80k

Wow, I didn't know the price was that low.

Fucking A!

Jimmy Gunn was busting my balls for picking up a 2000 sq foot, 4 BR, 2 BATH here in MI for $85k.

:disgust

if prices keep going down, I'm moving back to San Diego

Hard to believe Vegas and Phoenix are not on that list.

Nice thread, sucks for la home owners

How wonderful to be in the epicenter of a horrible real estate decline.

Fuck around here... homes going for a mil 1-2 years ago are lucky to get 500k... gnarly...

no shit..Las Vegas is suuuucckkking

I was thinking the same thing, expecting Phoenix to be right near the top. Maybe they are anticipating a turnaround the second half of 09.

what are some good american real estate sites?

holy fuck you can pick up a 5 bedroom home with a pool in phoenix for around $220k is this serious?

damn that sucks for the people that own there.

imagine all everyone had the most overpriced real estate in the country....go figger

absolutely

Was just browsing around on yahoo real estate. I could pick up a 4b/4b 1,800 - 2,300 sqft house in Highlands Ranch CO (ritzy area) for $200k.

Man I hope this shit stays like this for just a couple more years.

It's ok you can keep em we don't want.

I was shocked at the prices and all the billboards trying to sell condos in Miami way back in August. Makes me wonder what the prices are like right now. I am very tempted to pick up some property down there in the coming months.

So... I just moved from LA to Stockton... woo hoo... i moved down on the list... LOL

i was watching some real estate show (i cant recall the name) and they were in miami talking to "condo vultures" who come in and bargain low with condo sellers trying to take advantage of the situation.

One guy bought his condo for 2.2mill and about 1-2 years later was trying to sell for $999,999 OUCH. :Oh crap

they were talkin about how they would throw "condo buying parties" and hire fake paparazzi and have champagne and make the people coming to buy the condo feel like a celeb.