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Top 10 metro home-value losers for 2006
What's the outlook for
home prices in 2007? Many economists think it
will be a tough year, but many metro areas are
expected to hold up nicely. Some that may continue
to suffer are those hurt most in the down market
of 2006.
According to the National Association
of Realtors, or NAR, these are the 10 U.S. metropolitan
areas that suffered the greatest percentage
loss of value in 2006.
 |
| 2006 biggest value losers |
 |
|
1 |
Detroit-Warren-Livonia, Mich. |
-7.4 |
2 |
Toledo, Ohio |
-6.2 |
3 |
Sarasota-Bradenton-Venice, Fla. |
-5.6 |
4 |
Akron, Ohio |
-4.9 |
5 |
Youngstown-Warren-Boardman, Ohio-Pa. |
-4.8 |
6 |
Bloomington-Normal, Ill. |
-4.4 |
7 |
South Bend-Mishawaka, Ind. |
-4.0 |
8 |
Indianapolis
|
-3.6 |
9 |
Cleveland-Elyria-Mentor, Ohio |
-3.2 |
10 |
Lansing-E.Lansing, Mich. |
-3.2 |
|
Source: National
Association of Realtors, February 2007 Metropolitan
Area
Existing-Home Prices and State Existing-Home Sales report |
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