How far will drop the price of housing in Spain? U.S. rose to 73%

Date: February 26, 2010	Source: Sources
Category: Economy

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In the U.S., housing is needed drops to 73% in the most extreme cases to bounce. The 20 areas of the U.S. where prices fell more housing until the housing market has shown signs of resurrection, according to the popular real estate portal zillow.com . Falls in the top 20 areas ominously missing from the standpoint of real estate ranging from 46% in Orlando (Florida) to 73% of the grant (california)

The U.S. housing tsunami has clearly two disaster areas: California and Florida. 17 of the worst areas across the U.S. are in those states, which are accompanied by some points as Las Vegas (Nevada), Phoenix (Arizona) and Reno (Nevada)

As shown in the table, many of the affected cities are metropolitan areas with large populations. for example, Phoenix has more than 1.5 million people and half the top 20 is about 260,000 inhabitants, more than 15 major Spanish cities and comparable to areas such as Vigo (Galicia's most populous), Gijón (the largest nucleus of Asturias), A Coruña, vitoria, pomegranate, Hospitalet de Llobregat (Barcelona) or móstoles (madrid).

In Spain, only the hardest hit areas are approaching the lower range of the top 20 United States. according to the ranking of the worst areas of Spain prepared by idealista.com, Sagunto (Valencia), Brunete (Madrid) and Hospitalet de Llobregat is the worst performing localities from highs. them, prices have fallen by 36%, 33% y 29%, respectively.

This entry echoes extracts from articles published in zillow.com and idealista.com .

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