Sunday, December 19, 2010

Cities With The Biggest Drop In Housing Prices

Cleveland, Minneapolis, Portland, Dallas, Phoenix, Chicago, Boston and Atlanta.

These are the "Big Eight", not really a distinction I would like Charlotte to have.  When you look at these cities, it is a mixture of older cities with less desirable weather, or cities that experienced runaway appreciation which led to the housing crisis by a large degree. 

As you look at the recovery and the number of businesses moving here, both of those reasons, weather and a stable economy, are major factors. 

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