The 10 Least (and Most) Healthy US Metro Housing Markets

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The U.S. market for housing has improved since the collapse of 2007 to the degree that home prices continue rising to record levels in many areas while for-sale inventory remains low. The most recent data point came in Wednesday morning’s second-quarter GDP report, which noted that residential fixed investment declined quarter over quarter.

Not all housing markets are equal, however. In some markets where prices fell the most and have since risen sharply, there are high levels of home flipping and fraud, as well as house price growth far outpacing rental cost growth.

In fact, the health of eight Florida metro areas that were hard hit by the housing collapse are rated high-risk areas in the latest CoreLogic Market Health Indicator. Scores reflect affordability as measured by the correlation between home prices and income levels, as well as the difference in cost between buying and renting, higher flipping rates and higher fraud rates.

According to CoreLogic the 10 least healthy of the top 100 U.S. housing markets, along with their home price index growth since 2012, rent growth, flipping index and fraud index rank are the following.

Fort Lauderdale-Pompano Beach-Deerfield Beach, Florida
> Home price growth: 59%
> Rent price growth: 29%
> Flipping index rank: 21st
> Fraud index rank: 1st

Jacksonville, Florida
> Home price growth: 41%
> Rent price growth: 18%
> Flipping index rank: 33rd
> Fraud index rank: 13th

Lakeland-Winter Haven, Florida
> Home price growth: 53%
> Rent price growth: 29%
> Flipping index rank: 29th
> Fraud index rank: 12th

Miami-Miami Beach-Kendall, Florida
> Home price growth: 63%
> Rent price growth: 27%
> Flipping index rank: 24th
> Fraud index rank: 2nd

New Orleans-Metairie, Louisiana
> Home price growth: 36%
> Rent price growth: 19%
> Flipping index rank: 27th
> Fraud index rank: 17th

Orlando-Kissimmee-Sanford, Florida
> Home price growth: 57%
> Rent price growth: 31%
> Flipping index rank: 10th
> Fraud index rank: 14th

Palm Bay-Melbourne-Titusville, Florida
> Home price growth: 62%
> Rent price growth: 37%
> Flipping index rank: 6th
> Fraud index rank: 18th

Riverside-San Bernardino-Ontario, California
> Home price growth: 69%
> Rent price growth: 24%
> Flipping index rank: 41st
> Fraud index rank: 44th

Tampa-St. Petersburg-Clearwater, Florida
> Home price growth: 52%
> Rent price growth: 23%
> Flipping index rank: 7th
> Fraud index rank: 8th

West Palm Beach-Boca Raton-Delray Beach, Florida
> Home price growth: 60%
> Rent price growth: 32%
> Flipping index rank: 42nd
> Fraud index rank: 3rd