America's Riskiest Real Estate Markets


	America's Riskiest Real Estate Markets

danny-esque

4-15-2008 3:56 AM

116 views

tags:

recession, real estate, us economy

danny-esque says:

East coast cities have it bad again.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/8ddaafb9-0bd2-4168-8f68-6230a77c2545/9C0A045F-D8AE-404A-9863-996D596B1804/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://promo.realestate.yahoo.com/americas-riskiest-real-estate-markets.html" href="http://promo.realestate.yahoo.com/americas-riskiest-real-estate-markets.html" style="font-size: 11px;">promo.realestate.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://promo.realestate.yahoo.com/americas-riskiest-real-estate-markets.html"><H3> America's Riskiest Real Estate Markets </H3></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://promo.realestate.yahoo.com/americas-riskiest-real-estate-markets.html"><P>There's roulette and there's skydiving. Then there's investing in <A href="http://realestate.yahoo.com/Michigan/Detroit/neighborhoods;_ylt=AiITxhr9tkpZmv8RRBw.OU3xkdEF;_ylu=X3oDMTA5aTZoZm40BHNlYwNwcm9tbw--">Detroit</A> and <A href="http://realestate.yahoo.com/Ohio/Cleveland/Homes_for_sale/result.html;_ylt=AnizKIneB9vxQAvyCaUceETxkdEF;_ylu=X3oDMTA5aTZoZm40BHNlYwNwcm9tbw--">Cleveland</A> real estate.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://promo.realestate.yahoo.com/americas-riskiest-real-estate-markets.html"><P>That's especially risky because those markets are in freefall. Lenders have fled, <A href="http://realestate.yahoo.com/Foreclosures;_ylt=ArypdfBhv0gyzbiPilpeZlHxkdEF;_ylu=X3oDMTA5aTZoZm40BHNlYwNwcm9tbw--">foreclosures</A> are on the rise, homes aren't selling and 
local economies have stalled</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://promo.realestate.yahoo.com/americas-riskiest-real-estate-markets.html"><P>The riskiest were those that had the highest foreclosure rates, slow job growth (or job loss) and a rash of listed homes. By these measures, 
<A href="http://realestate.yahoo.com/Florida/Orlando/Homes_for_sale/result.html;_ylt=AmWiTQ3wTiaZF33sEVeT3NDxkdEF;_ylu=X3oDMTA5aTZoZm40BHNlYwNwcm9tbw--">Orlando</A> has everything working against it. Other spots, <A href="http://realestate.yahoo.com/Colorado/Denver/Homes_for_sale/result.html;_ylt=Ao0b8W5.FOw8a1AO0wRTpXXxkdEF;_ylu=X3oDMTA5aTZoZm40BHNlYwNwcm9tbw--;_ylt=AsXEs0Ue8p0oQZgP7Z7CBB3xkdEF;_ylu=X3oDMTA5aTZoZm40BHNlYwNwcm9tbw--">Denver</A>, for example, exhibit negative characteristics like foreclosures, lending 
problems and vacancies, but are adding jobs, a sign that the local economy can better handle these difficulties.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://promo.realestate.yahoo.com/americas-riskiest-real-estate-markets.html"><P>The availability of jobs gets at the critical question of how much money is available within a market. A market with money on the sidelines 
has better recovery prospects because it means potential buyers are out there. A market without economic activity to generate buyers is simply 
sinking.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/9C0A045F-D8AE-404A-9863-996D596B1804/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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