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In Depth: America's 25 Weakest Housing Markets
© AP Photo
Data was provided by Moody's Economy.com. It looked at metro areas with populations over 500,000 to find those farthest from recovery. The firm prepared forecasts through 2011 and compared them to prices in the second quarter of 2008, the latest figures available, to calculate how far prices will likely fall before reaching bottom. The percent figures are for drop in prices between second quarter 2008 (latest figures available) and the projected bottom. Cities are listed by percent-change to bottom.
Metro Area: Cape Coral, Fla.
Population: 651,400
When will the bottom be reached?: late 2009
Forecast price change to bottom: -25.6%
If you liked this story, read: America's Fastest-Dying Towns Ten Extreme Home-Sale Tricks Click here for a list of the country's strongest markets. | |