The 15 Worst Housing Markets For The Next Five Years

The housing market has been showing signs of strength. Economists expect home prices to rise 8% this year and then grow at a more modest pace beyond that.

Over the next five years, national home prices are projected to rise at an average 3.5% rate, according to the latest CoreLogic Case-Shiller report.

Of course, there will be laggards.

We drew on the latest data to identify the worst housing markets for the next five years — the markets with the lowest home price growth.

The 15 cities are ranked by the projected annualized change in home prices between Q4 2012 and Q4 2017.

Note: The median family income and home price is for Q4 2012. Unemployment data is as of February 2013, and population data for the metros is for 2011.

Waterloo-Cedar Falls, Iowa

Annualized expected growth from Q4 2012 - Q4 2017:
1.5%

The Waterloo-Cedar Falls metro area has a median family income of $66,100, above the national median of $64,200. It has a median home price of $121,000, below the national median of $180,000.

The metro has a population of 168,289 and an unemployment rate of 4.9%.

Data provided by CoreLogic Case-Shiller Indexes

Knoxville, Tennessee

Annualized expected growth from Q4 2012 - Q4 2017:
1.5%

Home prices in the Knoxville metro area have fallen 2.8% since they peaked in Q1 2008. It has a median home price of $146,000.

It has a population of 704,500, an unemployment rate of 6.4%, and a median family income of $61,000, below the national median of $64,200.

Data provided by CoreLogic Case-Shiller Indexes

Amarillo, Texas

Annualized expected growth from Q4 2012 - Q4 2017:
1.4%

The Amarillo metro area has a median family income of $63,200, and a median household price of $129,000. It has a population of 253,823, and an unemployment rate of 4.7%.

Data provided by CoreLogic Case-Shiller Indexes

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