Tomorrow Real Estate Trends
Where are the trouble spots in the U.S. ? by Francesca Levy Wednesday, April 28, 2010 provided by In these cities, the housing crisis is expected to worsen. Since the late 1970s casino-rich Atlantic City, N.J., has been a beachfront escape for poker aficionados and Keno-loving retirees from Philadelphia, Northern New Jersey and New York. More from robertjrussell.com : • Real Estate Outlook: Signs of Recovery • Online Radio Show • Join us on Facebook! Today, buying a home in Atlantic City is a gamble. Of 315 cities measured by Local Market Monitor, a Cary, N.C.-based real estate research firm, the Atlantic City metro is expected to experience the largest drop in home value over the next 12 months. A pocket of Northwestern cities where restrictions on building have artificially inflated prices, and smaller metros whose housing markets have benefited from internal migration, join Atlantic City on our list of real estate trouble spots. Like cities in California, Florida, Nevada and Ariz...