The 15 Worst Housing Markets For The Next Five Years

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Home prices are expected to bottom later this year after falling 35 per cent from their Q1 2006 peak, according to newest data from Fiserv-Case Shiller.And all non-price metrics like existing home sales, and rising home order volumes etc, “indicate that the housing sector hit bottom last year and has started along a path of slow recovery,” according to David Stiff, chief economist at Fiserv Case-Shiller.

Despite this, there are still some housing markets across the U.S. that are expected to report a decline or very marginal increases in home prices over the next five years.

We drew on Fiserv Case-Shiller data and ranked 15 cities by the projected annualized change in home prices between Q4 2011 and 2016. We also included the median home price, median household income, unemployment rate, and the change in home prices since their peak to give a better scope of the housing market.

Note: Data median family income and home price data is for Q4 2011. Unemployment data is for February 2012, and population and households data is for 2010.

College Station-Bryan, Texas

Annualized expected growth from 2011 - 2016:
+1.1 per cent

The College Station-Bryan metro area has seen home prices ease 2.8 per cent since their Q4 2010 peak. It has a median family income of $53,400 below the national media of $63,000.

It has a population of 231,623 and an unemployment rate of 5.9 per cent.

Data provided by Fiserv Case-Shiller Indexes

Amarillo, Texas

Annualized expected growth from 2011 - 2016:
+1.1 per cent

Amarillo's home prices have declined just 0.7 per cent since their peak in Q3 2010. The metro has a median home price of $128,000, and a median family income of $61,000.

It has a population of 253,823 and a relatively low unemployment rate of 4.9 per cent.

Data provided by Fiserv Case-Shiller Indexes

Louisville-Jefferson County, Kentucky-Indiana

Annualized expected growth from 2011 - 2016:
+1.0 per cent

Home prices have fallen 3.4 per cent since their Q2 2008 peak in the Louisville-Jefferson County metro area. It has a median family income of $59,300 and a median home price of $129,000.

It has a population of nearly 1.3 million people and an unemployment rate of 8.4 per cent.

Data provided by Fiserv Case-Shiller Indexes

Columbia, Missouri

Annualized expected growth from 2011 - 2016:
+0.9 per cent

Columbia's home prices have fallen 0.7 per cent since their peak in Q1 2008. It has a median family income of $63,400, and a median home price of $152,000.

It has a population of 175,831 and an unemployment rate of 5.0 per cent.

Data provided by Fiserv Case-Shiller Indexes

Shreveport-Bossier City, Louisiana

Annualized expected growth from 2011 - 2016:
+0.9 per cent

Shreveport-Bossier City home prices are down 0.5 per cent since their Q3 2010 peak. The metro has a population of 403,595 and an unemployment rate of 6.8 per cent.

The metro has a median home price of $149,000 and a median family income of $54,500.

Data provided by Fiserv Case-Shiller Indexes

St. George, Utah

Annualized expected growth from 2011 - 2016:
+0.9 per cent

St. George has a population of 141,666, a median family income $55,200, and an unemployment rate of 7.3 per cent. Home prices have tumbled 37.3 per cent since they peaked in Q4 2006.

Data provided by Fiserv Case-Shiller Indexes

Atlantic City-Hammonton, New Jersey

Annualized expected growth from 2011 - 2016:
+0.9 per cent

Home prices have fallen 35.1 per cent in the Atlantic City-Hammonton metro area since their Q2 2006 peak.

It has a median home price of $215,000 well above the national median, and a median family income of $63,800 just a smidge higher than the national median of $63,000. It also has a high unemployment rate of 12.5 per cent.

Data provided by Fiserv Case-Shiller Indexes

Laredo, Texas

Annualized expected growth from 2011 - 2016:
+0.8 per cent

Laredo's home prices have fallen 5.1 per cent since their Q1 2009 peak. It has a population of 256,496 and a median income of $39,400. It also has an unemployment rate of 7 per cent.

Data provided by Fiserv Case-Shiller Indexes

Waterloo-Cedar Falls, Iowa

Annualized expected growth from 2011 - 2016:
+0.7 per cent

The Waterloo-Cedar Falls metro area has a median home price of $118,00 and a median family income of $62,800.

It has a population of 168,289 and an unemployment rate of 5.1 per cent.

Data provided by Fiserv Case-Shiller Indexes

Nassau-Suffolk, New York

Annualized expected growth from 2011 - 2016:
+0.7 per cent

Nassau-Suffolk home prices have fallen 22.8 per cent since their Q2 2006 peak. Its median home price of $380,000 is much higher than the national median of $163,000, and a median family income of $102,800 which is also much higher than the national media.

It has a population of about 2.84 million and an unemployment rate of 7.1 per cent.

Data provided by Fiserv Case-Shiller Indexes

Austin-Round Rock-San Marcos, Texas

Annualized expected growth from 2011 - 2016:
+0.7 per cent

Home prices have declined 1.7 per cent since their Q1 2009 peak in the Austin-Round Rock-San Marcos metro area. It has a median family income of $71,500 and a median home price of $188,000 both above the national median. The metro has an unemployment rate of 5.9 per cent.

Data provided by Fiserv Case-Shiller Indexes

Monroe, Louisiana

Annualized expected growth from 2011 - 2016:
+0.7 per cent

Monroe has a population of 177,651 and an unemployment rate of 8.0 per cent. It has a median income of $50,500 below the national median.

Data provided by Fiserv Case-Shiller Indexes

Morgantown, West Virginia

Annualized expected growth from 2011 - 2016:
+0.7 per cent

Morgantown has a population of 132,251 and an unemployment rate of 5 per cent. It's median family income of $64,600 is just above the national median of $63,000.

Data provided by Fiserv Case-Shiller Indexes

Elizabethtown, Kentucky

Annualized expected growth from 2011 - 2016:
+0.5 per cent

Elizabethtown has a population of 121,771, and an unemployment rate of 8.0 per cent. It has a median family income of $54,800.

Data provided by Fiserv Case-Shiller Indexes

Miami-Miami Beach-Kendall, Florida

Annualized expected growth from 2011 - 2016:
-0.1 per cent

Miami-Miami Beach-Kendall home prices are 54.2 per cent off their Q1 2007 peak, and the metro has a median home price of $182,000. At 10.3 per cent, unemployment is higher than the national average and the median family income of $47,600 is below the national median.

Data provided by Fiserv Case-Shiller Indexes

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