Map | The RI Blog

7May/101

Where Home Equity is Evaporating the Quickest (Map)

Forbes has compiled a list of 11 real estate markets with home values which are still declining quickly. Here is how they determined these areas:

Using data from Moody's Economy.com and Equifax, we measured the percentage of home equity--or the amount invested in the home, plus or minus any price appreciation or depreciation--relative to the home's current value in the country's 200 largest metropolitan statistical areas. We ranked metros based on data from the first quarter of this year. We also included numbers from 2006 and 2008 for reference.

Here are the markets:

Modesto, CA
Cape Coral-Fort Myers, FL
Phoenix-Mesa-Glenda, AZ
Las Vegas-Paradise, NV
Oxnard-Thousand Oaks-Ventura, CA
Stockton, CA
Merced, CA
Reno-Sparks, NV
Riverside-San Bernadino-Ontario, CA
Anchorage, AK
Bremerton-Silverdale, WA

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3May/100

Where Home Prices Have Fallen Most (Map)

Tagged as: interactive, kiplinger, map, maps, prices No Comments

3Apr/109

Booms & Busts: Looking Back at the Dynamic U.S. Real Estate Market

In the newest issue of Current Issues In Economics And Finance, a journal maintained by the New York Federal Reserve Bank, Jaison R. Abel and Richard Deitz look into the real estate market in upstate New York and investigate why some areas are seemingly immune to booms and busts. They also depict a much more dynamic national real estate market. Here is their abstract:

Over the past decade, the United States has seen real estate
activity swing from boom to bust. But upstate New York has
been largely insulated from this volatility, with metropolitan
areas such as Buffalo, Rochester, and Syracuse even registering
home price increases during the recession. An analysis of upstate
housing markets over the most recent residential real estate cycle
indicates that the region’s relatively low incidence of nonprime
mortgages and the better-than-average performance of these
loans contributed to this stability.