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The Worst Real Estate Markets

June 26, 2008 by Marco Santarelli

The worst performing markets, according to a recent report by the Office of Federal Housing Enterprise Oversight (OFHEO), where property values are falling the fastest in the country are Florida with eight (8), California with six (6) and Michigan with three (3).

Merced, California has the honor of being that fastest deflating city in the country with an annual depreciation of -13% over the past 12 months. This is followed by Punta Gorda, Florida at -12%, and Santa Barbara, California, one of the most expensive markets in the country at -12%.

So where are some of the best markets? Well, the US Gulf Coast where markets are rebounding from hurricane Katrina happen to have some of the best investment opportunities for investors today. Housing is affordable, rental numbers make sense, and property values are increasing between 6% to 7% per year. Those are some of the biggest reasons for our Bayside Park investment opportunity in Waveland, Mississippi.

Filed Under: Real Estate Investing, Real Estate Investments Tagged With: Investment Properties, Investment Property, Real Estate Investing, Real Estate Investment

About Marco Santarelli

Marco Santarelli is an investor, author, Inc. 5000 entrepreneur, and the founder of Norada Real Estate Investments – a nationwide provider of turnkey cash-flow investment property.  His mission is to help 1 million people create wealth and passive income and put them on the path to financial freedom with real estate.  He’s also the host of the top-rated podcast – Passive Real Estate Investing.

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