Top 10 Declining Real Estate Markets 2008

**Eddie O Pestano** · 10-14-2008, 11:18 PM

Indeed every western(global?) home sales and investment seems(?) to be turning sour everyday. As a matter of a brighter option why not try the Philippine real estate market? It looks like a safer place to buy a home and settle down. Its the least affected area by the global financial crises.

**Seek4Home.com** · 10-16-2008, 08:02 PM

I figured Miami would be there, sign.

**creampuffgoodness** · 11-02-2008, 08:04 PM

Wow, one percent is already a big thing! I'm also surprised that Las Vegas was in the list! I agree it will be a long time before it would recover.

**ryanallen** · 04-04-2009, 01:58 AM

Well things change quickly. In a couple of months you may some new entries in this list. You never knw.

**prop4everyone** · 04-04-2009, 08:46 PM

Your list is correct. Unfortunately for 2009 the resetting of 3 and 5 year
ARMS are going to be mainly in Florida. As if florida isn't hurting enough
already. Many florida realtors are working hard to fix the NY market. Why?
Because a good percent of homes in florida are owned by new yorkers. If
you fix up NY market first, the florida market will follow.

**Thumper** · 04-07-2009, 03:58 PM

I'm not too surprised about any cities in Florida since there was such a boom here. I wish I would've waited a couple years before buying my house but at least I didn't back in 2005.