Ten cities may continue to have a struggling real estate market regardless of a turnaround, predicts a Forbes.com list … Wisconsin did NOT make the list! (Forbes reports this week as seen via Agent Genius)
Ten worst real estate “trouble spot” MSAs According to Forbes.com:
- Atlantic City – Hammonton, NJ– overpriced homes 54%, 12 month price forecast -9%
- Provo-Orem, UT– overpriced homes 44%, 12 month price forecast -12%
- Portland-Vancouver-Beaverton, OR/WA– overpriced homes 31%, 12 month price forecast -9%
- Glens Falls, NY– overpriced homes 22%, 12 month price forecast -11%
- Bellingham, WA– overpriced homes 22%, 12 month price forecast -9%
- Flagstaff, AZ– overpriced homes 21%, 12 month price forecast -13%
- Salt Lake City, UT– overpriced homes 21%, 12 month price forecast -10%
- Charleston-North Charleston-Summerville, SC– overpriced homes 21%, 12 month price forecast -9%
- Eugene-Springfield, OR– overpriced homes 21%, 12 month price forecast -8%
- Salisbury, MD– overpriced homes 21%, 12 month price forecast -8%
We’re thankful Wisconsin did not make that list. Today was so busy with real estate closings at First Weber Group in Milwaukee, we ran out of rooms! Multiply that across Wisconsin and 50 First Weber offices and WOW what a day it must have been for Wisconsin real estate.
We’d be happy to help you, too. Thanks for reading the First Weber blog.