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Forums » Housing News & Real Estate Market » Real Estate Crash: How's Your City Doing?

Real Estate Crash: How's Your City Doing? Subscribe to Real Estate Crash: How's Your City Doing?

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Tag Tags: crash bubble blodget


Jon Klaus

Real Estate Investor · Dallas, Texas


Forum_avatar_avatar-jonk
DonorPro Basic

Icon_minipost Jul 02 '09, 01:52 AM

Dallas and Denver are on top.

http://www.businessinsider.com/henry-blodget-real-estate-heads-for-the-depths-2009-7#dallas-tx-

Edited: 06/26/2010 at 08:49AM


Josh Green

Banker · Tampa Area, Florida


Forum_avatar_avatar-j20a00g

Icon_minipost Jul 02 '09, 02:15 AM

by 'on top' you meant for the least amount of fallout right?

my market (tampa) has a 41% decrease from peak to trough and a current decrease of 23%. nice!

Edited: 06/26/2010 at 08:49AM


Jon Klaus

Real Estate Investor · Dallas, Texas


Forum_avatar_avatar-jonk
DonorPro Basic

Icon_minipost Jul 02 '09, 02:19 AM

Yes, "on top" means least decline from peak to trough. Perhaps you, Vegas, and Phoenix will be on top in appreciation from trough going forward.

Edited: 06/26/2010 at 08:49AM


Lynn Z


Forum_avatar_avatar-dal1

Icon_minipost Jul 04 '09, 04:02 AM

South Carolina - flat to nothing moving.
Rentals next to nothing. I don't know what realtors et al are living on. Spousal income I suppose

Edited: 06/26/2010 at 08:50AM


Rich Weese

Real Estate Investor · sioux falls, South Dakota


Forum_avatar_avatar-venomousviper
Donor

Icon_minipost Jul 05 '09, 08:00 PM

Josh-
Leave some FL properties for me. I'm on my way... Rich

Edited: 06/26/2010 at 08:51AM


Adrian Pillow

General Contractor · Warrenton, Virginia


Forum_avatar_avatar-pillow

Icon_minipost Jul 11 '09, 08:39 AM

DC I will agree is about -20% off. Depending on location, some areas are soft and other barely feel at all.

Atlanta is getting destroyed!!! This -15% is baloney. Vacancies and foreclosures are rampant there, no matter which areas I have seen in the last few weeks. Sad sad sad. The job market is weak as well so no rebound for them anytime soon. Depending on where you are I think closer to 25-50% off peak.

Just the way I see it.

Edited: 06/26/2010 at 08:56AM


Justin S.

Rehabber · Chandler, Arizona


Forum_avatar_avatar-wheelhouse
DonorPro

Icon_minipost Jul 11 '09, 10:30 AM

Phoenix at -54% is about right, but houses are selling fast. I'm getting multiple offers within a few days on market.

Edited: 06/26/2010 at 08:56AM

Small_wh_logo_full_1600_350_black_cJustin S., Wheelhouse Properties
E-Mail: wheelhouseproperties@gmail.com
Telephone: 4806780446
Website: http://www.wheelhouseproperties.com
Realtor, Re-modeler, Cash Buyer


J Scott

Real Estate Investor · Atlanta, Georgia


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Donor

Icon_minipost Jul 11 '09, 12:19 PM

Originally posted by Adrian Pillow

Atlanta is getting destroyed!!! This -15% is baloney. Vacancies and foreclosures are rampant there, no matter which areas I have seen in the last few weeks. Sad sad sad. The job market is weak as well so no rebound for them anytime soon. Depending on where you are I think closer to 25-50% off peak.


I wasn't in ATL during the peak, so I don't have a ton of empirical data, but I agree that the parts of ATL that I've been investing in (west surburbs) are down WAY more than 15%.

I'm picking up REOs left and right at 20-30% of peak market prices, and even properties in very good condition appear to be down 30-40% the past year or two.

Edited: 06/26/2010 at 08:56AM


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