The 15 Worst Housing Markets For The Next Five Years

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Housing has turned the corner and is said to be a bright spot in the U.S. economy.But national home prices are expected to climb just 3.3 per cent in the next five years, according to the latest data from Fiserv Case-Shiller.

Earlier this week we put together a list of the 15 best housing markets for the next five years that will see home prices rise at a much faster pace.

Today, we’re following it up with a feature on the 15 housing markets that are projected to see the most declines or the slowest growth in home prices.

Note: The median family income and home price data is for Q1 2012. Unemployment data is for May 2012, and population data is for 2011.

Crestview-Fort Walton Beach-Destin, Florida

Annualized expected growth from 2012 - 2017: +1.8 per cent

Home prices in the Crestview-Fort Walton Beach-Destin metro area have declined 38.4 per cent since their Q4 2005 peak, and it has a median home price of $195,000.

It has a population of 183,482, an unemployment rate of 6.2 per cent, and a family income $62,400.

Data provided by Fiserv Case Shiller Indexes

Amarillo, Texas

Annualized expected growth from 2012 - 2017: +1.7 per cent

Amarillo has a median home price of $137,000 and a median family income of $62,200. It also has a population of 253,823, an unemployment rate of 5.0 per cent.

Data provided by Fiserv Case Shiller Indexes

Nashville-Davidson--Murfreesboro-Franklin, Tennessee

Annualized expected growth from 2012 - 2017: +1.7 per cent

The Nashville-Davidson--Murfreesboro-Franklin metro area has a median home price of $152,000 that is down 8.1 per cent from Q2 2007.

It has a population of 1.6 million, an unemployment rate of 7.3 per cent, and a median family income of $61,400.

Data provided by Fiserv Case Shiller Indexes

Ithaca, New York

Annualized expected growth from 2012 - 2017: +1.7 per cent

Ithaca has a median home price of $177,000 that is down 1 per cent from Q4 2009.

It has a population of 101,723, an unemployment rate of 6.7 per cent, and a median family income of $80,900.

Data provided by Fiserv Case Shiller Indexes

Washington-Arlington-Alexandria, DC-Virginia-Maryland

Annualized expected growth from 2012 - 2017: +1.6 per cent

The Washington-Arlington-Alexandria metro has a median home price of $369,000, down 26.3 per cent from its Q1 2006 peak.

It has a population of about 4.5 million, an unemployment rate of 5.6 per cent, and a median family income of $104,100.

Data provided by Fiserv Case Shiller Indexes

Ann Arbor, Michigan

Annualized expected growth from 2012 - 2017: +1.5 per cent

Ann Arbor has a median home price of $155,000, down 24.4 per cent from its Q4 2005 peak.

It has a population of 347,962, an unemployment rate of 5.6 per cent, and a median family income of $83,200.

Data provided by Fiserv Case Shiller Indexes

Clarksville, Tennessee-Kentucky

Annualized expected growth from 2012 - 2017: +1.4 per cent

The Clarksville metro area has a median home price of $139,000, above the national median of $181,000.

It has a population of 277,701, an unemployment rate of 9.0 per cent, and a median family income of $52,100.

Data provided by Fiserv Case Shiller Indexes

Atlantic City-Hammonton, New Jersey

Annualized expected growth from 2012 - 2017: +1.4 per cent

The Atlantic City-Hammonton metro area has a median home price of $205,000, above the national median of $181,000. And its home prices are 34.1 per cent lower than they were during their peak in the second quarter of 2006.

It has a population of 274,338, an unemployment rate of 13.5 per cent, much higher than the national average of 8.1 per cent, and a median family income of $64,200 above the national median of $62,900.

Data provided by Fiserv Case Shiller Indexes

Denver-Aurora-Broomfield, Colorado

Annualized expected growth from 2012 - 2017: +1.3 per cent

The Denver-Aurora-Broomfield has seen home prices fall 7.4 per cent since they peaked in Q1 2006, and now has a median home price of $270,000.

It has a population of about 2.6 million, an unemployment rate of 8.2 per cent and a median family income of $75,300.

Data provided by Fiserv Case Shiller Indexes

Elmira, New York

Annualized expected growth from 2012 - 2017: +1.3 per cent

Elmira has a median home price of $84,000 far below the national median of $181,000.

It has a population of 88,840, an unemployment rate of 9.7 per cent and a median family income of $58,000, below the national median of $62,900.

Data provided by Fiserv Case Shiller Indexes

Midland, Texas

Annualized expected growth from 2012 - 2017: +1.2 per cent

The Midland metro area has a median family income of $64,800, a population of 140,308, and an unemployment rate of 3.8 per cent.

Data provided by Fiserv Case Shiller Indexes

Phoenix-Mesa-Glendale, Arizona

Annualized expected growth from 2012 - 2017: +1.1 per cent

The Phoenix-Mesa-Glendale metro area has a median home price of $164,000 and home prices are 49.8 per cent off their Q2 2006 peak.

It has a population of 4.26 million, an unemployment rate of 7.3 per cent a median family income of $59,400.

Data provided by Fiserv Case Shiller Indexes

Naples-Marco Island, Florida

Annualized expected growth from 2012 - 2017: +0.9 per cent

Naples-Marco Island home prices are down 51.1 per cent since their Q1 2006 peak.

The metro has a population of 328,134, an 8.4 per cent unemployment rate, median home price of $265,000 and a median family income of $64,000.

Data provided by Fiserv Case Shiller Indexes

Fort Lauderdale-Pompano Beach-Deerfield Beach, Florida

Annualized expected growth from 2012 - 2017: -0.2 per cent

Home prices in the Fort Lauderdale-Pompano Beach-Deerfield Beach metro area have fallen 46.6 per cent since their Q2 2006 peak.

The median home price is $215,000, above the national median, and median income is $60,100 below the national median. It has a population of about 1.8 million and an unemployment rate of 7.8 per cent.

Data provided by Fiserv Case Shiller Indexes

Miami-Miami Beach-Kendall, Florida

Annualized expected growth from 2012 - 2017: -0.6 per cent

Miami-Miami Beach-Kendall home prices are 50.4 per cent off their Q1 2007 peak, and the metro has a median home price of $196,000.

It has a population of 2.5 million people, an unemployment rate of 9.2 per cent, and a median family income of $47,700 below the national median.

Data provided by Fiserv Case Shiller Indexes

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