Thursday, February 17, 2011

Top 5 Recovering and Sinking Markets


All statistics are pulled from CNN Money and Bankrate.com. These two topics are regarding the comparision of 2009's and 2010's fourth quarters in reference to the sinking home prices and the estimated gain in recovering markets by September of 2012.
Top sinking

Cumberland, MD
: Median home price of $87,000 with a decrease of 20.2%
Kankee-Bradley, Ill: Median home price of $109,500 with a decrease of 14.39%
Ocala, FL: Median home price of $80,200 with a decrease of 13.95%
Toledo, OH: Median home price of $74,500 with a decrease of 13.87%
Youngstown/Warren/Boardman, OH/PA: Median home price of $62,800 with a decrease of 13.62%
Top Recovering

Tacoma, WA: Median home price of $240,000 with an estimated gain of 11.8%
Palm Bay, FL: Median home price of $141,000 with an estimated gain of 9.4%
Memphis, TN: Median home price of $280,000 with an estimated gain of 7.5%
Rochester, NY: Median home price of $125,000 with an estimated gain of 5.3%
Pittsburgh, PA: Median Home price of $133,000 with an estimated gain of 4.6%

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