Audio By Carbonatix
Here’s another tidbit courtesy of financial magazine’s OCD need for lists: Fortune predicts that the Miami-Miami Beach are will be the fourth worst real-estate market for 2009.
No real analysis attached to the list-icle, but they predict that the median house price in the area will fall 22.8% next year. Ouch. In 2010 they predict the bleeding will stem a little, and that the figure will only fall by 6.4%. Still ouch. Of course to blame: the building boom.
Eight of the other spots on the list are taken by California locales, with LA coming in number one. Washington, D.C. is the only other non-Cali city on the list.
—Kyle Munzenrieder
This year, make your gift count –
Invest in local news that matters.
Our work is funded by readers like you who make voluntary gifts because they value our work and want to see it continue. Make a contribution today to help us reach our $30,000 goal!
