10 Worst Real Estate Markets For 2009
Listed below are the 10 worst real estate markets in the United States, with 8 being in California, predicted for 2009. 8 in one state, huh? That’s an incredible hit; almost 25% of a projected change? That’s pretty serious. Arizona, with it’s foreclosures stacking up in Phoenix, is still a valuable investment. With the scare of the economy’s fall, sellers are wanting to liquidate quickly. There are deals out there. Contact us if you’re interested in buying now.
1. Los Angeles, CA
2008 median house price: $375,340
2009 projected change: -24.9%
2010 projected change: -5.1%
2. Stockton, CA
2008 median house price: $248,050
2009 projected change: -24.7%
2010 projected change: -4.0%
3. Riverside, CA
2008 median house price: $256,540
2009 projected change: -23.3%
2010 projected change: -4.8%
4. Miami, FL
2008 median house price: $293,590
2009 projected change: -22.8%
2010 projected change: -6.4%
5. Sacramento, CA
2008 median house price: $225,140
2009 projected change: -22.2%
2010 projected change: 2.3%
6. Santa Ana-Anaheim, CA
2008 median house price: $532,810
2009 projected change: -22.0%
2010 projected change: -3.5%
7. Fresno, CA
2008 median house price: $257,170
2009 projected change: -21.6%
2010 projected change: -3.3%
8. San Diego, CA
2008 median house price: $412,490
2009 projected change: -21.1%
2010 projected change: -2.9%
9. Bakersfield, CA
2008 median house price: $227,270
2009 projected change: -20.9%
2010 projected change: -2.5%
10. Washington, DC
2008 median house price: $343,160
2009 projected change: -19.9%
2010 projected change: -5.7%




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