Connecticut Foreclosure

Nearly all of the Worst 25 Forecast housing markets in 2010 are projected to sustain double-digit deflation for the year. Two markets in CT are listed in the Top 25 for 2010. A broad range of the country's markets compose the worst 25 with a total of 16 states represented, which showsjust how broadly the housing  crisis is impacting the U.S. Rising foreclosures and more bank-assisted short sales will send housing prices lower in the majority of the country in 2010. But there are markets that are on the mend moving into recoveries. Some 44 cities are forecast to appreciate during the year, more than in the last four years.

Greenwich came in as the number seven worst forcast market for the coming year with a projected -13.4% decline. Stamford makes the list at number 22 with a projected -10.2% decline in values. Some people are suprised that Greenwich is projected to lose so much value next year, but nationwide, more and more higher end homes are projected to go into foreclosure in the coming year or two.

Economic volatility, declining prices and restrained mortgage financing will hinder many of the worst markets from recovering in 2010. But nearly all of the nation's markets will move on a path towards stabilization as the surplus inventory of homes is bought up by buyers.

WORST 25 HOUSING MARKETS 2010

Rank       Real Estate Market       2010 Forecast

    1.        Manhattan, NY          − 17.2%

    2.        Las Vegas, NV          − 15.4%

    3.        Providence, RI         − 13.8%

    4.        Miami , FL             − 13.8%

    5.        Newport, RI            − 13.6%

    6.        Henderson, NV          − 13.5%

    7.        Greenwich, CT          − 13.4%

    8.        Scottsdale, AZ         − 12.4%

    9.        Columbia, SC           − 12.2%

   10.        Charleston, SC         − 12.1%

   11.        Salem, OR              − 11.8%

   12.        Prince George's, MD    − 11.6%

   13.        Phoenix, AZ            − 11.3%

   14.        Brooklyn & Queens, NY  − 11.2%

   15.        Myrtle Beach, SC       − 11.2%

   16.        Ogden UT               − 10.9%

   17.        Bethesda, MY           − 10.8%

   18.        Richmond, VA           − 10.8%

   19.        Portland, OR           − 10.4%

   20.        Palm Beach, FL         − 10.4%

   21.        Maui, HI               − 10.3%

   22.        Stamford, CT           − 10.2%

   23.        Chicago, IL            − 10.2%

   24.        Fresno, CA             −  9.8%

   25.        Oakland, CA            −  9.6%

  * The Worst 25 Markets are composed of cities that have the highest probability of reaching their forecast deflation in 2010 from the more than 250 local markets Housing Predictor forecasts.