Forbes Lists Cities with Fastest-Falling Home Prices
January 20th, 2010 categories: Sales
Good news for property owners around greater Cincinnati- we’re not listed in the recent Forbes Magazine article naming U.S. cities with the fastest-falling housing prices.
In order to compile the list Forbes used Altos Research-the January market update, which looks at asking prices, inventory and days on the market for single-family homes–but not condominiums–in 27 of the country’s closely watched real estate markets.The basis for Altos Research is analyzing homes for sale in each city’s Metropolitan Statistical Area.
The top 10:
1. San Diego-Carlsbad-San Marcos, Calif.
2. Salt Lake City, Ut.
3. Charlotte-Gastonia-Concord, N.C.-S.C.
4. Denver-Aurora, Co.
5. Portland-Vancouver-Beaverton, Or.-Wa.
6. Atlanta-Sandy Springs-Marietta, Ga.
7. San Jose-Sunnyvale-Santa Clara, Calif.
8. San Francisco-Oakland-Fremont, Calif.
9. Austin-Round Rock, Texas
10. Seattle-Tacoma-Bellevue, Wash.
Even though Housing Predictor projects over 8% increase in area sales prices-we need to remember that if it happens -it’s 8% over last year’s average prices. And the 2009 average sale price was lower than 2008 and so on.
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