Special Report

Cities on the Verge of a COVID-Driven Housing Crisis

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5. Miami-Fort Lauderdale-West Palm Beach, FL
> Chg. in median home sale price, Q1 2010 to Q1 2020: +120.6% ($125,050 to $275,900)
> Chg. in unemployment, Mar. 2019 to Mar. 2020: 3.1% to 4.1%
> Ratio of median home value to household income: 5.3x
> Pct. employment in industries at high risk from COVID-19: 19.6%
> COVID-19 cases as of May 12, 2020: 402.7 per 100,000

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4. Los Angeles-Long Beach-Anaheim, CA
> Chg. in median home sale price, Q1 2010 to Q1 2020: +87.7% ($350,000 to $657,000)
> Chg. in unemployment, Mar. 2019 to Mar. 2020: 4.2% to 5.7%
> Ratio of median home value to household income: 9.0x
> Pct. employment in industries at high risk from COVID-19: 19.0%
> COVID-19 cases as of May 12, 2020: 278.1 per 100,000

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3. Bakersfield, CA
> Chg. in median home sale price, Q1 2010 to Q1 2020: +95.7% ($116,500 to $228,000)
> Chg. in unemployment, Mar. 2019 to Mar. 2020: 7.9% to 10.2%
> Ratio of median home value to household income: 4.4x
> Pct. employment in industries at high risk from COVID-19: 16.0%
> COVID-19 cases as of May 12, 2020: 150.7 per 100,000

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2. New Orleans-Metairie, LA
> Chg. in median home sale price, Q1 2010 to Q1 2020: +43.8% ($142,584 to $205,000)
> Chg. in unemployment, Mar. 2019 to Mar. 2020: 4.2% to 6.0%
> Ratio of median home value to household income: 4.1x
> Pct. employment in industries at high risk from COVID-19: 22.2%
> COVID-19 cases as of May 12, 2020: 1,372.7 per 100,000

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1. Las Vegas-Henderson-Paradise, NV
> Chg. in median home sale price, Q1 2010 to Q1 2020: +135.8% ($120,000 to $283,000)
> Chg. in unemployment, Mar. 2019 to Mar. 2020: 4.2% to 6.8%
> Ratio of median home value to household income: 5.0x
> Pct. employment in industries at high risk from COVID-19: 35.4%
> COVID-19 cases as of May 12, 2020: 227.4 per 100,000