10 bad cities to buy ss

10 Places You DON’T Want To Buy A House

10. Elkhart, IN

• Despite a lower-than-average unemployment rate, Elkhart home values are expected to fall

• Elkhart’s home values are still 13% below pre-crash values

Projected 1-Year Decline: 0.9%

Public domain

9. Provo, UT

• Provo’s home values declined by more than 3% over the past year, and are expected to continue to do so

• Provo’s market has barely rebounded, and is currently just 8% higher than the 2012 lows

Projected 1-Year Decline: 1.0%

Michael Duersch

8. Santa Fe, NM

• Santa Fe’s home values are just 3% above the lows

• If the declines continue, we could see new post-crisis low prices in Santa Fe

Projected 1-Year Decline: 1.1%

Wikipedia/ prazak

7. Columbia, MO

• Columbia’s home values have declined almost 4% in the past year

• The market is ranked just a 1.4 out of 10 on Zillow’s “health” index

Projected 1-Year Decline: 1.1%

Wikipedia/ csch15

6. Ocean City, NJ

• Ocean City has an expensive market, with the average home worth about half a million dollars

• Superstorm Sandy has created a difficult housing recovery in the area

Projected 1-Year Decline: 1.6%

Wikipedia/ Arabsalam

5. Houma, LA

• Houma’s market has rebounded strongly since the crisis, and may have come too far, too fast

• The average home value in Houma is actually more than its pre-crisis peak

Projected 1-Year Decline: 1.8%

Wikipedia/ infrogmation

4. Charlottesville, VA

• Charlottesville actually has a fairly robust market, with far fewer underwater mortgages and delinquent homeowners than the U.S. average

• However, the average listing price has risen more than 22% in the last 18 months alone, leaving the market due for a pullback

Projected 1-Year Decline: 1.8%

Bobak Ha’Eri

3. Cape Cod, MA

• Cape Cod’s home values are still well below the pre-crisis peak

• After a strong 2013, home values have already begun to fall this year

Projected 1-Year Decline: 2.0%

Flickr/ Phillip Capper de Wellington

2. Baton Rouge, LA

• Baton Rouge has a relatively inexpensive market, with the average home worth $138,400

• However, the market barely budged during the crash, and is now 5% higher than its pre-crisis peak

Projected 1-Year Decline: 2.5%

Public domain

1. Kingston, NY

• Kingston has one of the least healthy real estate markets in the U.S.

• 24% of Kingston’s homeowners are underwater on their mortgage

• Nearly 14% of all mortgages are currently delinquent in Kingston

Projected 1-Year Decline: 2.5%

Daniel Case

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