INDUSTRYILLUSTRATED
DS News tracks the latest and most relevant industry surveys and data to
keep you in the know. This month, with the help of HomeValueForecast.com,
we've identified the "money pit" markets—those with the greatest depreciation in property values over the course of the downturn. At the other end of
the spectrum, believe it or not, there are a handful of markets where property
values now are actually higher than they were in June 2006, before the crash,
making these the most profitable markets in terms of property appreciation
over the last six years.
SINGLE-FAMILY HOME VALUES
BEST AND WORST PERFORMING COUNTIES
SINCE MARKET PEAK
+6.93%
Yakima, WA
-56.84%
Macomb, MI
-58.83%
-58.33%
-59.17%
Wayne, MI
Washoe, NV
Sacramento, CA
-68.70%
+1.68%
Onondaga, NY
+13.75%
Erie, PA
-63.75%
Merced, CA
Clark, NV
-55.22%
Riverside, CA
+6.38%
Marion, IL
-51.64%
+1.24%
Wake, NC
+14.87%
Maricopa, AZ
Oklahoma, OK
+4.53%
El Paso, TX
+15.12%
Travis, TX
+6.07%
Bexar, TX
-62.05%
Saint Lucie, FL
SINGLE-FAMILY HOME VALUES
% Change
Since 06-2006
County & State
% Change
Since 06-2006
County & State
-68.70
+15.12
Travis, TX
-63.75
Clark, NV
+14.87
Oklahoma, OK
-62.05
Saint Lucie, FL
+13.75
Erie, PA
-59.17
Washoe, NV
+6.93
Yakima, WA
-58.83
Sacramento, CA
+6.38
Marion, IL
-58.33
Wayne, MI
+6.07
Bexar, TX
-56.84
Macomb, MI
+4.53
El Paso, TX
-55.22
Riverside, CA
+1.68
Onondaga, NY
-51.64
112
Merced, CA
Maricopa, AZ
+1.24
Wake, NC
Since the housing market crashed, only nine
markets among the nation's 200 largest corebased statistical areas (CBSA) have seen
home prices cross over into positive territory.
Source:
HomeValueForecast.com,
a joint venture of Pro Teck Valuation
Services and Collateral Analytics
