Fortune Magazine’s 10 Worst Real Estate Markets for 2009.


Everyone loves a top 10 list, but being a part of this one is not a mark of a city experiencing good financial times. Here’s a look at Fortune’s 10 Worst Real Estate Markets for 2009:

  1. Los Angeles, CA – Projected 24.9% drop in 2009
  2. Stockton, CA – Projected 24.7% drop in 2009
  3. Riverside, CA – Projected 23.3% drop in 2009
  4. Miami-Miami Beach, FL – Projected 22.8% drop in 2009
  5. Sacramento, CA – Projected 22.2% drop in 2009
  6. Santa Ana-Anaheim, CA – Projected 22.0% drop in 2009
  7. Fresno, CA – Projected 21.6% drop in 2009
  8. San Diego, CA – Projected 21.1% drop in 2009
  9. Bakersfield, CA – Projected 20.9% drop in 2009
  10. Washington, D.C. – Projected 19.9% drop in 2009

If these predictions are correct, we’re in for yet another really bad year to come. The brilliant minds running the government (sarcasm) better have some tricks up their sleeves because additional drops of this large a magnitude could be catastrophic!

BTW – Note that 8 of the top 10 worst are all in California . . . surprised?

Anyone got their own predictions?

About Author

Joshua Dorkin

Joshua Dorkin (@jrdorkin, Google+) founded when he saw a need for free, trustworthy information about real estate investing online. Over the past 12 years, Josh has grown the site from self-funded hobby to full-time job and passion. Today, BiggerPockets brings together over 600,000 members, housing the world’s largest library of real estate content, iTunes’ #1 real estate podcast, and an array of analysis tools, all geared toward helping users succeed.


  1. I believe Florida and California are hit hard because of the home values, but here in Chicago, we’re getting slapped pretty hard also, prices are plunging and it doesn’t look good at all for ’09!

  2. The California real estate market would be cooking right now if we had inventory to sell. What we have are a lot of frustrated buyers and little or nothing to sell them at the moment.

    We need the bank to release the foreclosures to straighten out this mess.

    Until that happens the numbers are all just screwed up.

  3. Now its the end of 2010 and all the predictions were wrong; as usual. The drops were half as much as this and in some cases not at all. The drops were probably due, in part, to the hysteria predictions like this caused.

Leave A Reply

Pair a profile with your post!

Create a Free Account


Log In Here