Whenever we travel, My Fella and I look at real estate prices.
Especially if we like the area.
Come to think of it, we're usually curious even if we don't like the area. That's why I found this 24/7 Wall Street article so interesting: Ten Housing Markets That Will Collapse This Year.
The US cities with the biggest potential price drops are:
- Fort Lauderdale, Florida
- Bethesda, Maryland
- Salinas, California
- El Centro, California
- Miami, Florida
- Merced, California
- Detroit, Michigan
- Las Vegas, Nevada
- Riverside-San Bernardino, California
- Naples, Florida
I can't verify the accuracy of the research, but if you're considering an American house purchase in any of the above areas, it's a worthwhile read.
Currently in Las Vegas - MANY houses are 30-40% of what they were five years ago - amazing prices if you want to live in Sin City. ;-)
Posted by: john | August 12, 2011 at 12:30 PM
Senor C
According to Case-Shiller, Vegas real estate will drop another 20% by early 2013, which would bring the average house price down to $115,000.
Compare that to British Columbia real estate where the average single family home is priced around $500,000.
I think we're due for a housing correction in this area as well...
Posted by: kelsi | August 12, 2011 at 07:03 PM
We usually pick up those real estate booklets in grocery stores and noticed the low prices all across the Southeast. Even waterfront on the Gulf was surprisingly affordable. We just do not want to live in the USA!
Posted by: Croft | August 12, 2011 at 08:01 PM
Mexi-Croft
My Fella and I are heading to the Gulf Coast this winter. Looking forward to seeing some of the sights you blogged about. Did you stay in any good coastal parks in Alabama... or in Florida around Pensacola/Tallahassee?
Posted by: kelsi | August 12, 2011 at 08:41 PM