Worst 25 Forecast Markets in 2010

Nearly all of the Worst 25 Forecast housing markets in 2010are projected to sustain double-digit deflation for theyear. A broad range of the country's markets compose theworst 25 with a total of 16 states represented, which showsjust how broadly the housing crisis is impacting the U.S.Rising foreclosures and more bank-assisted short sales willsend housing prices lower in the majority of the country in2010. But there are markets that are on the mend moving intorecoveries. Some 44 cities are forecast to appreciate duringthe year, more than in the last four years. Economic volatility, declining prices and restrainedmortgage financing will hinder many of the worst marketsfrom recovering in 2010. But nearly all of the nation'smarkets will move on a path towards stabilization as thesurplus inventory of homes is bought up by buyers.





WORST 25 HOUSING MARKETS 2010 Rank Real Estate Market 2010 Forecast 1. Manhattan, NY − 17.2% 2. Las Vegas, NV − 15.4% 3. Providence, RI − 13.8% 4. Miami , FL − 13.8% 5. Newport, RI − 13.6% 6. Henderson, NV − 13.5% 7. Greenwich, CT − 13.4% 8. Scottsdale, AZ − 12.4% 9. Columbia, SC − 12.2% 10. Charleston, SC − 12.1% 11. Salem, OR − 11.8% 12. Prince George's, MD − 11.6% 13. Phoenix, AZ − 11.3% 14. Brooklyn & Queens, NY − 11.2% 15. Myrtle Beach, SC − 11.2% 16. Ogden UT − 10.9% 17. Bethesda, MY − 10.8% 18. Richmond, VA − 10.8% 19. Portland, OR − 10.4% 20. Palm Beach, FL − 10.4% 21. Maui, HI − 10.3% 22. Stamford, CT − 10.2% 23. Chicago, IL − 10.2% 24. Fresno, CA − 9.8% 25. Oakland, CA − 9.6% * The Worst 25 Markets are composed of cities that havethe highest probability of reaching their forecast deflation in2010 from the more than 250 local markets Housing Predictorforecasts.