The Robbo Report

84% Of The Nation's Housing Market Declines In The First Quarter ·

Global Insight: California, Florida and Michigan accounted for the steepest losses and contained 45 of the 50 worst performing metropolitan areas for this period. California and Florida had been among the most overvalued states for the past several years and Michigan is reeling from the impact of a slumping economy. Other housing markets in the bottom 50 include Las Vegas and Reno, Nevada and Bend, Oregon, areas cited in earlier House Price studies as being precariously overvalued and likely to be the next “shoe to drop.”

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