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The 15 Worst Housing Markets For The Next Five Years

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Housing has turned the corner and is said to be a bright spot in the U.S. economy.

But national home prices are expected to climb just 3.3 percent in the next five years, according to the latest data from Fiserv Case-Shiller.

Earlier this week we put together a list of the 15 best housing markets for the next five years that will see home prices rise at a much faster pace.

Today, we're following it up with a feature on the 15 housing markets that are projected to see the most declines or the slowest growth in home prices.

Note: The median family income and home price data is for Q1 2012. Unemployment data is for May 2012, and population data is for 2011.

Crestview-Fort Walton Beach-Destin, Florida

Annualized expected growth from 2012 - 2017: +1.8 percent

Home prices in the Crestview-Fort Walton Beach-Destin metro area have declined 38.4 percent since their Q4 2005 peak, and it has a median home price of $195,000.

It has a population of 183,482, an unemployment rate of 6.2 percent, and a family income $62,400.

Data provided by Fiserv Case Shiller Indexes



Amarillo, Texas

Annualized expected growth from 2012 - 2017: +1.7 percent

Amarillo has a median home price of $137,000 and a median family income of $62,200. It also has a population of 253,823, an unemployment rate of 5.0 percent.

Data provided by Fiserv Case Shiller Indexes



Nashville-Davidson--Murfreesboro-Franklin, Tennessee

Annualized expected growth from 2012 - 2017: +1.7 percent

The Nashville-Davidson--Murfreesboro-Franklin metro area has a median home price of $152,000 that is down 8.1 percent from Q2 2007.

It has a population of 1.6 million, an unemployment rate of 7.3 percent, and a median family income of $61,400.

Data provided by Fiserv Case Shiller Indexes



See the rest of the story at Business Insider

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