Friday, April 9th, 2010
America's most undervalued cities
Four years after home prices hit their peaks, CNNMoney looks at how 330 metro areas have fared.
Metro area
Median
home price
% undervalued
2010
% undervalued
2006
Las Vegas, Nev.
$129,700
-41.40%
38%
Vero Beach, Fla.
$123,300
-39.80%
54%
Merced, Calif.
$102,300
-37.70%
77%
Cape Coral, Fla.
$118,700
-36.80%
52%
Houma, La.
$116,200
-34.60%
-1%
Port St. Lucie, Fla.
$115,600
-33.30%
72%
Warren, Mich.
$117,500
-32.30%
15%
Vallejo, Calif.
$196,900
-31.90%
53%
Stockton, Calif.
$145,100
-31.80%
72%
Modesto, Calif.
$138,700
-31.80%
67%
Midland, Texas
$133,100
-30.70%
-7%
West Palm Beach, Fla.
$164,400
-30.30%
57%
Lake Charles, La.
$101,600
-29.40%
N.A.
Lafayette, La.
$126,700
-29.40%
3%
Naples, Fla.
$199,900
-29.00%
84%
Killeen, Texas
$106,700
-28.80%
-16%
Houston, Texas
$128,200
-28.80%
-14%
Sarasota, ...
Posted in buyers, Distressed, Foreclosures, Investing, seller's | 10,127 Comments »
Wednesday, February 27th, 2008
Homeowners in the hardest-hit cities hope for some relief from the Bush administration's recent foreclosure initiative -- but they'll still have to cope with dramatically declining home-sale prices.
Residents of Sacramento, Calif., where home sale prices for November 2007 fell a startling 18.6% from the year before, are likely breathing a ...
Posted in Uncategorized | 9,516 Comments »
Wednesday, February 27th, 2008
The housing market will continue its downward spiral, forecasts say, and that means opportunities for buyers. But waiting for the market bottom may not be the smartest strategy. Here are 5 reasons to buy now -- and 5 reasons you may want to wait.
By Melinda Fulmer, MSN Real Estate
The latest ...
Posted in Uncategorized | 8,580 Comments »
Tuesday, February 19th, 2008
A growing trend in today’s market are homeowners that choose to walk away from their mortgage payment, not because they can’t afford the home, but more so because of loss of equity.
This is even more of a reality for those that ended up borrowing 100% for the purchase. Some ...
Posted in Investing, Lending, Lessons | 6,515 Comments »
Wednesday, December 26th, 2007
A common statement that I hear about Orange County is that it is insulated and will retain values higher than other areas. That seemed to make sense and I was looking for empirical data to support this statement.
Often you can find the condition of an area by looking at ...
Posted in Distressed | 9,041 Comments »