4 cities where housing prices are most likely to fall in the next year
The prediction follows a persistently elevated unemployment rate and a recent spike in coronavirus cases after a plateau.
After a deadly three months, the outbreak has eased in most coastal states. But states in the south and southwest, including, the "elevated unemployment rate" and "recent spike in COVID-19 cases across the country" will be the catalyst for a drop in home prices over the next year. CoreLogic also highlighted the markets most at risk of a downturn over the next year: Prescott and Lake Havasu, Arizona; Daphne-Fairhope-Foley, Alabama; and Naples and Crestview-Fort Walton Beach, Florida.
An increase in cases, dismissal of the tourism market, and the recession are all circumstantial factors that are likely to contribute to a downward trend in these markets. However, as CoreLogic explained, some may be in better shape than others to weather the storm.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Expanded Unemployment Checks May Get An Extension As GOP And White House NegotiateLawmakers likely won’t reach a deal on the next stimulus bill before the extra $600 per week expires next week, so the White House and GOP are discussing a side deal.
Read more »
Trump announces 'surge' of federal agents to US cities in Operation Legend - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
House passes bill to reverse Trump travel ban from Muslim countries - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
The White House doubles down on Trump's payroll-tax cut proposal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
House sends 'holy grail' conservation legislation to TrumpThe House today approved the most ambitious conservation package in a generation, sending to the White House the bipartisan legislation whose passage was only made possible by an odd alignment of election-year politics
Read more »
LIVE: Microsoft reports quarterly and full fiscal year earnings - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »