These 40 Cities Are on the Brink of a Housing Crisis

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30. Miami Beach, Florida

Percentage of mortgages underwater: 14.5%

Median home value: $377,600

Offshore from the city of Miami proper lies Miami Beach. Home values here have declined by 1.4% in the last year, according to Zillow, and they’re projected to rise only 2.1% in the coming year. Compare that with the projected increase of 5.1% for U.S. home values overall.

Miami Beach is in worse shape than Miami, with 14.5% of homes having negative equity versus 10% of Miami’s homes. Homeowner vacancy is a major problem, with Miami Beach having a homeowner vacancy rate of 3.5%, which is more than double the average rate in the rest of the country.

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6 thoughts on “These 40 Cities Are on the Brink of a Housing Crisis”

  1. unfortunate news. Trump’s “booming economy” is a f’in lie. In fact, basically everything the White House says is a self serving scam or out right falsehood. Dump Trump NOW! make America Great Again!

    1. Richard D Bowman

      Aurora’s problems reflect the democratic control of Illinois’ legislature. Illinois has a poor business climate. Caterpillar’s decided to move manufacturing out of its Aurora facility. And Illinoisians are leaving in droves because of high taxes.

    2. Richard D Bowman

      Sorry, Trump has done more for business than the preceding president. Gasoline prices are at very low prices. We can’t afford another democratic socialist president.

  2. This started way before Trump got elected into office. It was the banks that loaned to people who should not have gotten mortgages. They also approved mortgages for way more than buyers should have been granted. Peoples spending habits are way out of line and they cannot make thier mortgage payments. No ones faullt but the buyers.

  3. THE REAL AMERICAN

    8 yrs of give it all away,sit on ur ass and watch the real back bone of this america do the work for the slug’s that obama fed and groomed that put him on his selfish podium, BRAVO!!!!

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