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    10 Worst Real Estate Markets for 2009

    Posted by Darius at 11:56 am on Sunday, March 22nd, 2009

    provided byThe housing market hasn’t bottomed out yet. For the third quarter, the closely-watched S&P Case-Shiller national home-price index fell 16.6%, and experts are predicting further declines. Of the top 100 markets, here are 10 with the worst forecasts.

    1. Los Angeles

    2008 median house price: $375,340

    2009 projected change: -24.9%

    2010 projected change: -5.1%

    The median home price in the L.A.-Long Beach-Glendale metro area is projected to fall nearly 25% in 2009 - the biggest drop in the country.

    stockton.jpg
    Courtesy: Stockton CVE

    2. Stockton, Calif.

    2008 median house price: $248,050

    2009 projected change: -24.7%

    2010 projected change: -4.0%

    3. Riverside, Calif.

    2008 median house price: $256,540

    2009 projected change: -23.3%

    2010 projected change: -4.8%

    miami_skyline.jpg
    AP Photo

    4. Miami-Miami Beach

    2008 median house price: $293,590

    2009 projected change: -22.8%

    2010 projected change: -6.4%

    Miami will be nursing the hangover from its epic building boom for years to come. After falling 22% in 2008, prices are predicted to plunge another 23% next year.

    5. Sacramento

    2008 median house price: $225,140

    2009 projected change: -22.2%

    2010 projected change: 2.3%

    anaheim.jpg
    AP Photo/Joan C. Fahrenthold

    6. Santa Ana-Anaheim

    2008 median house price: $532,810

    2009 projected change: -22.0%

    2010 projected change: -3.5%

    7. Fresno

    2008 median house price: $257,170

    2009 projected change: -21.6%

    2010 projected change: -3.3%

    san_diego_skyline.jpg
    BusinessFacilities.com

    8. San Diego

    2008 median house price: $412,490

    2009 projected change: -21.1%

    2010 projected change: -2.9%

    9. Bakersfield, Calif.

    2008 median house price: $227,270

    2009 projected change: -20.9%

    2010 projected change: -2.5%

    wash_dc.jpg
    AP Photo/J. Scott Applewhite

    10. Washington, D.C.

    2008 median house price: $343,160

    2009 projected change: -19.9%

    2010 projected change: -5.7%

    Copyrighted, Fortune. All rights reserved.


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