Tuesday, January 18, 2011

The Eight States Running Out Of Homebuyers


1. Michigan
>Vacancy Rate: 15.98% (9th Worst)
>Unemployment: 12.4% (Tied for 2nd Worst)
>Population Change (2005-2010): -2.05% (Worst)

2. Nevada
> 2010 Foreclosures: 9.42% (Worst)
> Unemployment: 14.3% (Worst)
> Decrease in Building Permits 2006 to 2010: -84.39 (Worst)

3. Arizona
> Vacancy Rate: 17.3% (5th Worst)
> 2010 Foreclosures: 5.73% (2nd Worst)
> Decrease in Building Permits 2006 to 2010: -81.36% (4th Worst)

4. California
> 2010 Foreclosures: 4.08% (4th Worst)
> Unemployment: 12.4% (Tied for 2nd Worst)
> Decrease in Building Permits 2006 to 2010: -74.7% (6th Worst)

5. Illinois
> 2010 Foreclosures: 2.87% (9th Worst)
> Decrease in Building Permits 2006 to 2010: -81.32% (5th Worst)
> Population Change: 1.23% (8th Worst)

6. Georgia
> 2010 Foreclosures: 3.25% (6th Worst)
> Unemployment: 10% (9th Worst)
> Decrease in Building Permits 2006 to 2010: -82.29% (2nd Worst)

7. Oregon
> Unemployment: 10.6% (Tied for 5th Worst)
> Decrease in Building Permits 2006 to 2010: -74.08% (7th Worst)
> # of Listings With Price Reductions (Portland): 35% (Tied for 8th Worst Among 50 Largest US Cities)

8. Florida
> Vacancy Rate: 21.03% (2nd Worst)
> 2010 Foreclosures: 5.51% (3rd Worst)
> Decrease in Building Permits 2006 to 2010: -81.37% (3rd Worst)

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