Which U.S. Cities Are the Worst for Real Estate?
The real estate industry is struggling with an epidemic of home sales, a slowdown in construction and an unprecedented wave of job losses.
But it also appears that the United States has some of the worst neighborhoods in the country.
The latest data from real estate website Trulia shows that the country’s 20 biggest metro areas ranked by real estate vacancies are located in metro areas that are far from the best places to live.
In many of these areas, home prices are among the highest in the nation.
“The housing market in the U.K. has been extremely strong, and the United Kingdom is very much a model of housing stability and affordability,” said Robert Cawley, a senior economist at Trulia, which released the new analysis.
But the U., by far, has the worst housing situation in the world.
In the past year, home sales have declined in 20 of the 20 largest metro areas.
Meanwhile, construction has been slowing and vacancy rates have been on the rise.
“It’s really tough to get any of those things going, particularly when it’s happening in the suburbs, so you have to look to the suburbs as a place to look for a job,” said Michael Haggerty, chief economist at real estate company LendingTree.
Many of the country, including Washington, D.C., and Chicago, have seen some of their largest housing bubbles burst in the past few years.
But many experts believe that the real estate bubble is largely responsible for the U’s housing problems.
“If you look at the data, you’ll find that housing is one of the biggest drivers of the housing market,” said David Sirota, senior economist with real estate research firm Trulia.
“There are so many variables that are driving up the housing prices, but I think the underlying cause is the housing crisis.”
A new report by realtor.com, which is owned by the realtor association, found that the housing sector was the worst place to live for renters in the United State in 2016.
The site compared median income and home prices to job vacancy rates in the areas where home prices were higher.
The top metro areas were in the top 10, but the bottom 20 ranked near the bottom.
In Nashville, Tenn., where the median income was $75,000, home vacancy rates were 12.4 percent, nearly double the national rate of 5.4.
The metro area also had the third-highest unemployment rate in the metro area, at 11.7 percent.
In Denver, Colo., the unemployment rate was 5.9 percent.
Homes in the lower end of the list were also very expensive, with the median home price in the bottom 30 percent of the metro areas averaging $2,898, while in the middle 20 percent the median price was $2.7 million.
The list of metro areas with the worst average home prices for renters is as follows: Washington, DC, San Francisco, Calif., Los Angeles, Calif.
Houston, Texas, San Diego, Calif.; San Jose, Calif; Chicago, Ill.; and Tampa, Fla.
In addition to the metro cities, the report looked at census tracts and census tracts with fewer than 20,000 people.
In those areas, the median household income was lower than the national median of $53,000 in 2016, with more than 60 percent of households earning less than $30,000.
In all but two of the top 20 metro areas, median household incomes were more than $100,000 per year, according to the study.
That means the average income in the area was nearly $600,000 below the national average.
In other words, the bottom 10 metro areas had median household net worths below $80,000 and median household earnings below $100 (according to the Census Bureau).
A new housing bubble has hit the market in many parts of the U, but not all.
The new report found that, even though home prices have been booming in many places, there are some places that have seen prices increase more than 20 percent.
“In most of the markets that have a housing bubble, there’s been a very strong market,” Siroka said.
“But in some places, that bubble has actually burst.”
The report found two metro areas in particular to have a strong housing bubble.
In Orlando, Fla., home prices doubled between 2014 and 2016, while rents went up 10 percent.
The biggest home price increases occurred in Atlanta, where the average home price rose 15 percent.
And in Chicago, where rents jumped by 8 percent.
But Sirotas analysis also found that most of those price increases are not in metro neighborhoods.
The bottom 20 metro area median household gross income was still less than the nation’s median of about $44,000 as of January, and median rent in the city was $1,400.
But that is still much lower than in the region’s most expensive metro