10 Best and 10 Worst Housing Markets

While the national median home price is not expected to climb much, if at all, in the next few years, there will be lots of movement at the local level. Some markets are poised to do quite nicely — others will tank. Based on the Case-Shiller index, Moody’s Economy.com forecast the 10 best and worst markets between the fourth quarter of 2008 and the fourth quarter of 2013. Markets where prices didn’t go sky-high will be spared the lows; hence the good showing for Ohio. But the experts say there’s lots of hot air left in bubble markets such as Florida.

10 Best Markets:

Tacoma, WA (metro area) 20.7%
Boulder, CO 17.5%
Toledo, OH 16.7%
Memphis, TN 16.5%
Pittsburgh 16.0%
Cleveland 14.4%
Dayton, OH 13.6%
Akron, OH 13.4%
San Jose, CA 13.3%
Colorado Springs, CO 13.3%

10 Worst Markets:

Miami (metro area) -40.3%
Orlando, FL -33.3%
Fort Lauderdale, FL (metro area) -26.4%
Jacksonville, FL -32.2%
Riverside, CA -25.6%
Los Angeles (metro area) -22.9%
West Palm Beach, FL (metro area) -20.2%
Tampa, FL -19.6%
Virginia Beach, VA -18.2%
New York -18.1%

Source: Fiserv, Moody’s Economy.com

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  •  
    1

    Dryad

    07/01/09 | Report as spam

    RE: 10 Best and 10 Worst Housing Markets

    I was going to move to Jacksonville in 2006. I was shown a new house that was listed for $579k; the realtor "whisper" price was $379k.

    Last week I go an email that the same house is still unsold. The price: $179k plus concessions.

    Watch "Coconuts" by the Marx Brothers.

  •  
    2

    fredocorleone

    12/24/09 | Report as spam

    RE: 10 Best and 10 Worst Housing Markets

    My father said that during the 1950s there were so many devastating hurricanes in Florida that nobody wanted to truly live there. I guess people have short memories...and the big hurricanes will eventually return to destroy the pretty condos and houses again and again.

  •  
    3

    SBork

    01/22/10 | Report as spam

    RE: 10 Best and 10 Worst Housing Markets

    The author must be on the chamber in one of the Ohio cities.
    Four OH cities in the best housing market in the country? Are
    you kidding? Homes are given away. Cleveland is awful,
    dominated by union mentality driving business away.
    Recently Ohio doubled the turnpike fee, then ran a campaign
    to buy passes for a reduced rate. Like a teenager thinking
    about instant gratification to get money now and worry about
    tomorrow later. Desperate state leadership trying to scramble
    for money to pay for a sinking ship. Sorry. I don't think so.

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