Real Estate Crash: How's Your City Doing?

[Jon Klaus]

Dallas and Denver are on top.

http://www.businessinsider.com/henry-blodget-real-estate-heads-for-the-depths-2009-7#dallas-tx-

[J Scott]

Originally posted by Adrian Pillow:

Atlanta is getting destroyed!!! This -15% is baloney. Vacancies and foreclosures are rampant there, no matter which areas I have seen in the last few weeks. Sad sad sad. The job market is weak as well so no rebound for them anytime soon. Depending on where you are I think closer to 25-50% off peak.

I wasn't in ATL during the peak, so I don't have a ton of empirical data, but I agree that the parts of ATL that I've been investing in (west surburbs) are down WAY more than 15%.

I'm picking up REOs left and right at 20-30% of peak market prices, and even properties in very good condition appear to be down 30-40% the past year or two.