The 15 Worst Housing Markets For The Next Five Years

Miami, Florida

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If you bought a home in Miami in 2005, we’re sorry: over the following six years it depreciated in value by more than 54.3%.And the rebound — if there is a rebound — won’t come soon.

Between Q2 2011 and Q2 2016, Miami home prices will decline at an annualized rate of 0.7%, according to data provided by Fiserv Case Shiller.

Fiserv identified 15 housing markets that will appreciate at an annualized rate of less than 1.5% — a pretty lousy investment. If you stay out of these markets, the national average is slightly better at 3.7%. [Note: The data has been corrected for Midland, Texas.]

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[slide
permalink=”the-worst-place-to-invest-miami-florida-1″
title=”The worst place to invest: Miami, Florida”
content=”Cumulative growth from 2005 to 2011: -54.3%

Annualized growth from 2011 to 2016: -0.7%

Trough: Q3 2012

Data provided by Fiserv Case Shiller Indexes.

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[slide
permalink=”the-second-worst-place-to-invest-atlantic-city-new-jersey-2″
title=”The second worst place to invest: Atlantic City, New Jersey”
content=”Cumulative growth from 2005 to 2011: -34.05%

Annualized growth from 2011 to 2016: 0.2%

Trough: Q3 2012

Data provided by Fiserv Case Shiller Indexes.

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[slide
permalink=”the-third-worst-place-to-invest-nassau-county-new-york-3″
title=”The third worst place to invest: Nassau County, New York”
content=”Cumulative growth from 2005 to 2011: –27.3%

Annualized growth from 2011 to 2016: 0.7%

Trough: Q4 2011

Data provided by Fiserv Case Shiller Indexes.

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[slide
permalink=”4-tie-fort-lauderdale-florida-4″
title=”#4 (tie) Fort Lauderdale, Florida”
content=”Cumulative growth from 2005 to 2011: -52.9%

Annualized growth from 2011 to 2016: 0.8%

Trough: Q4 2012

Data provided by Fiserv Case Shiller Indexes.

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[slide
permalink=”4-tie-midland-texas-5″
title=”#4 (tie) Midland, Texas”
content=”Cumulative growth from 2005 to 2011: 40.9% [Note: This figure has been corrected to +40.9 from -40.9.]

Annualized growth from 2011 to 2016: 0.8%

Trough: Q1 2009

Data provided by Fiserv Case Shiller Indexes.

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[slide
permalink=”4-tie-washington-dc-6″
title=”#4 (tie) Washington DC”
content=”Cumulative growth from 2005 to 2011: -28.1%

Annualized growth from 2011 to 2016: 0.8%

Trough: Q1 2009

Data provided by Fiserv Case Shiller Indexes.

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[slide
permalink=”7-abilene-texas-7″
title=”#7 Abilene, Texas”
content=”Cumulative growth from 2005 to 2011: -18.9%

Annualized growth from 2011 to 2016: 1.0%

Trough: Q1 2009

Data provided by Fiserv Case Shiller Indexes.

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[slide
permalink=”8-morgantown-west-virginia-8″
title=”#8 Morgantown, West Virginia”
content=”Cumulative growth from 2005 to 2011: -4.15%

Annualized growth from 2011 to 2016: 1.1%

Trough: N/A

Data provided by Fiserv Case Shiller Indexes.

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[slide
permalink=”9-tie-austin-texas-9″
title=”#9 (tie) Austin, Texas”
content=”Cumulative growth from 2005 to 2011: 2.63%

Annualized growth from 2011 to 2016: 1.2%

Trough: Q4 2012

Data provided by Fiserv Case Shiller Indexes.

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[slide
permalink=”9-tie-waterloo-cedar-falls-iowa-10″
title=”#9 (tie) Waterloo-Cedar Falls, Iowa”
content=”Cumulative growth from 2005 to 2011: -2.73%

Annualized growth from 2011 to 2016: 1.2%

Trough: N/A

Data provided by Fiserv Case Shiller Indexes.

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[slide
permalink=”11-tie-baton-rouge-louisiana-11″
title=”#11 (tie) Baton Rouge, Louisiana”
content=”Cumulative growth from 2005 to 2011: -14.48%

Annualized growth from 2011 to 2016: 1.4%

Trough: Q1 2012

Data provided by Fiserv Case Shiller Indexes.

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[slide
permalink=”11-tie-amarillo-texas-12″
title=”#11 (tie) Amarillo, Texas”
content=”Cumulative growth from 2005 to 2011: -10.5%

Annualized growth from 2011 to 2016: 1.4%

Trough: Q4 2012

Data provided by Fiserv Case Shiller Indexes.

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[slide
permalink=”11-tie-lancaster-pennsylvania-13″
title=”#11 (tie) Lancaster, Pennsylvania”
content=”Cumulative growth from 2005 to 2011: -5.15%

Annualized growth from 2011 to 2016: 1.4%

Trough: Q2 2012

Data provided by Fiserv Case Shiller Indexes.

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[slide
permalink=”11-tie-monroe-louisiana-14″
title=”#11 (tie) Monroe, Louisiana”
content=”Cumulative growth from 2005 to 2011: -11.31%

Annualized growth from 2011 to 2016: 1.4%

Trough: N/A

Data provided by Fiserv Case Shiller Indexes.

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[slide
permalink=”11-tie-shreveport-louisiana-15″
title=”#11 (tie) Shreveport, Louisiana”
content=”Cumulative growth from 2005 to 2011: -10.38%

Annualized growth from 2011 to 2016: 1.4%

Trough: Q3 2011

Data provided by Fiserv Case Shiller Indexes.

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[slide
permalink=”if-foreclosures-pick-up-then-things-could-get-even-worse-16″
title=”If foreclosures pick up, then things could get even worse”
content=”A Frightening Satellite Tour Of America’s Foreclosure Wastelands >
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