U.S. Markets Where Home Values Are Falling Fastest

December 11, 2014

Investopedia cites the NAR’s third quarter 2014 report to explore why five markets experienced big decreases in home values.

 

The largest drop nationwide, at 15.2 percent, was experienced by Cumberland, a metro area on the border of West Virginia and Maryland. Investopedia attributes this drop to higher violent crime in Cumberland than state-wide averages. Other factors are the large inventory of houses for sale and a moderate inventory of foreclosures.

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