Home Front: We top the "troubled list" in a new book

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Home Front

A blog about the economy and the Sacramento-area real estate market.

June 16, 2009

We top the "troubled list" in a new book

Bloomberg Press sent over a new book titled: "The Cul De Sac Syndrome," which is about the housing crisis and where we go from here. I haven't started it yet, but did see in the index there was a watch list about which cities will prosper.

Sacramento isn't on it.

In the book author John Wasik runs a list of cities to watch. Here's a look:

Most Troubled Areas
These areas may experience the longest recovery period:

Inland Empire, Calif. Riverside-San Bernardino counties
Sacramento, Stockton, Lodi, Merced and Modesto
Las Vegas and Phoenix
Miami-Dade
Detroit
Cleveland (and industrial cities throughout Ohio)
San Diego

Less troubled areas
In these places price declines will be offset in a shorter period by growth in jobs and population:

Atlanta
Denver
Baltimore - Washington, D.C.
Los Angeles County
Tampa-St. Petersburg
Orlando
Chicago

Bargain Cities
In these areas housing prices will be lower relative to major adjacent population areas
Charlotte

Raleigh-Durham
Baton Rouge
Chattanooga
Colorado Springs
El Paso
Springfield-Eugene, Ore.
Davenport, Iowa
Rock Island-Dover, Ill.
Dover, Del.
Louisville, Lexington, Ky.
Oklahoma City
Spokane

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