While the housing market in Washington, DC appreciated 6.5% last year, it wasn't all roses in the US: nearby Virginia Beach, VA saw a depreciation of 12.5% in the same year! Think your property investment is safe? Will bankruptcy stop a foreclosure? Better check out the top ten appreciators and ten worst depreciators on the infographic, below!
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2010 was a tough year. 2009's record-breaking foreclosure numbers were passed, and worse is expected in 2011. Values in most American markets continue to plunge downward, except in a few cities.
70% of the U.S.'s housing markets dropped in 2010, and in 2011 an overall national price drop of -4.7% year-over-year is anticipated.
The monthly report by Clear Capitol Home Data Index (HDI) is the home value analysis of the 50 largest U.S. real estate markets, broken down by population size.
35 of the 50 largest markets are expected to depreciate this year, pulling the average values down another -3.6%.
The national market is losing value, but some cities are beginning to see a rebound in property values, already.
In California, 6/15 major metropolises reported increases in prices in 2010 (Riverside, San Diego, Los Angeles, San Jose, San Francisco, and Frenso).
The one-size-fits-all model really isn't working anymore. We're seeing prices stabilize in one market ... while going down in others.
Florida, Arizona, and metros like Oklahoma City are expected to take the largest price hits.
Below is a list of the top 10 cities that expect to appreciate most, follow by a list of the 10 expected to decline the most.