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50 housing markets that are turning ugly

GOBankingRates Logo By Cameron Huddleston of GOBankingRates | Slide 1 of 51: The U.S. housing market has been strong, and home prices have been rising steadily since 2012. However, signs of weakness have started appearing lately — including a slowdown in the pace at which home prices have been rising.
That doesn’t mean the housing market is headed for a crash. But some places could be more at risk of a downturn than others. To identify those places, GOBankingRates evaluated 500 cities to identify which ones have high rates of foreclosures and underwater mortgages (houses that are worth less than what is owed). GOBankingRates also looked at changes in median home listing prices, the number of days homes are on the market and percentage of for-sale listings with price cuts and compared those figures with national averages to see which housing markets were lagging behind the nation as a whole.
Florida has the highest number of cities with real estate markets that could be in trouble, followed by Illinois. Keep reading to see which cities in these and other states have housing markets that are turning ugly.

Trouble appears to be brewing in these real estate markets

The U.S. housing market has been strong, and home prices have been rising steadily since 2012. However, signs of weakness have started appearing lately — including a slowdown in the pace at which home prices have been rising.

That doesn’t mean the housing market is headed for a crash. But some places could be more at risk of a downturn than others. To identify those places, GOBankingRates evaluated 500 cities to identify which ones have high rates of foreclosures and underwater mortgages (houses that are worth less than what is owed). GOBankingRates also looked at changes in median home listing prices, the number of days homes are on the market and percentage of for-sale listings with price cuts and compared those figures with national averages to see which housing markets were lagging behind the nation as a whole.

Florida has the highest number of cities with real estate markets that could be in trouble, followed by Illinois. Click or swipe through to see which cities in these and other states have housing markets that are turning ugly.

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