For My Friends

Since I have many friends and family in Utah I thought I should share this article by Forbes.com. Many economists have been touting the end of falling real estate prices, but according to some new research there are still many areas of the US that will see falling home prices in the next year. Forbes put together the top 10 cities with falling prices with Utah having two cities on that list.

1. Atlantic City, NJ.

Overpriced 54%

12 month drop -9%

2. Provo/Orem, UT

Overpriced 44%

12 month drop -12%

3. Portland, OR/ Vancouver/WA

Overpriced 31%

12 month drop -9%

4. Glens Falls, NY

Overpriced 22%

12 month drop -11%

5. Bellingham, WA

Overpriced 22%

12 month drop -9%

6. Flagstaff, AZ

Overpriced 21%

12 month drop -13%

7. Salt Lake City, UT

Overpriced 21%

12 month drop -10%

8. Charleston, SC

Overpriced 21%

12 month drop -9%

9. Eugene/Springfield, OR

Overpriced 21%

12 month drop -8%

10. Salisbury, MD

Overpriced 21%

12 month drop -8%

To see what is causing these price drops and why each of these metros was chosen check out these Forbes and MSN articles.