Ten Troubled Housing Markets
September 19, 2012 by Douglas A. McIntyre
NEW YORK (24/7 Wall St./MarketWatch) — Since the peak in early 2006, the median price of a U.S. home is down by a third. And though the market has begun to show signs of having bottomed, prices are still down nationally by 1.9% from last year and are expected to fall an additional 1% from the beginning of this year through 2013.
July unemployment in the worst housing markets was above the national rate.
Of the 384 largest housing markets measured by real-estate data company Fiserv, 69 have seen home prices fall more than the national average. 24/7 Wall St. reviewed the markets with the worst home-price declines from their pre-recession peak
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