10 housing markets ready for a fall

[donsu]

http://www.netscape.com/viewstory/2006/12/19/10-housing-markets-that-will-fall-in-2007/?url=http%3A%2F%2Fmoney.cnn.com%2F2006%2F12%2F18%2Fmagazines%2Ffortune%2Fworstmarkets.fortune%2Findex.htm%3Fsection%3Dmoney_topstories&frame=true


36 of the 100 biggest markets are expected to see price declines. Here are the markets with the worst prospects in 2007.

-snip-

The area poised for the biggest fall in 2007? Stockton, Calif., where prices are expected to drop by 7.1 percent and another 5.3 percent in 2008. If the forecast holds true, a home purchased in Stockton today for $350,000 will be worth a mere $307,917 two years from now. And that doesn't account for the additional toll inflation can take on the true value of your asset.

Next in line to take a turn for the worse: Las Vegas, where our forecasters think prices will sink 6.6 percent next year and another 8.1 percent in 2008.

(the charts wouldn't copy well, you will have to go to site to check them out)

See forecasts for 100 markets.

10 housing markets ready for a fall
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[whistle]

1. Every market where Bush's wars have created a false economy

...will fall within the next six to twelve months

[Quakerfriend]

2. I have bought or sold 4 properties in the past 6 months and,

these numbers seem a bit silly to me.

I have seen a very consistent decline of 20-25% in the NW suburbs of Philly. The properties ranged widely in terms of value and were both rental and residential. All in highly desirable locations. Just my experience.

[GreenPartyVoter]

3. Feh. I sitll can't afford to buy a home even if they do 'fall'.

[Dr.Phool]

4. Property values are dropping in the Sarasota-Bradenton area

Because Katherine Harris is moving back into the neighborhood.