Is Your City in the List of Bottom Real Estate Markets?

According to Builder magazine the real estate markets that have been hit the hardest will take the most time to recover. They did a study of all the real estate markets in USA to determine which ones are the weakest.  The real estate markets that appear on this list have had the most job losses, increasing foreclosures and falling home prices.

The real estate markets were ranked based on population trends and job growth, perennial drivers of housing demand. Builder magazine also examined the rate of home price declines. The other factors considered by the magazine included the rate of building permits, which they consider to be the  single best ongoing indicator of builder confidence in a market.  They combined all these factors to rank the markets with a score.

The bottom 5 markets in USA are:

1.  Detroit, Michigan

2. Stockton, California

3. Port St. Lucie, Florida

4. West Palm Beach, Florida

5. Daytona Beach, Florida

Check the list to see which real estate markets are likely to recover last from the real estate downturn. Click Here

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