| City | Unemployment Rate | Mortgages 90-Plus Days Delinquent | 12-Month Home Price Forecast | 2011 Net Migration Projection | Job Growth Projection |
| Riverside-San Bernardino | 13.9% | 8.21% | 1% increase | 4,110 residents leaving | 0.69% |
| Stockton | 18% | 7.78% | 1% decrease | 620 residents leaving | 0.54% |
| Detroit | 13.3% | 5.42% | 2% decrease | 1,340 residents leaving | 0.53% |
| Los Angeles | 11.7% | 5.53% | 1% increase | 7,880 residents leaving | 0.88% |
| Bakersfield | 16.2% | 6.85% | 3% decrease | 311 residents incoming | 0.21% |
| San Francisco-Oakland | 10.1% | 4.17% | No change | 3,030 residents leaving | 0.94% |
| Sacramento | 12.1% | 5.83% | 2% decrease | 1,270 residents incoming | 0.55% |
The Forbes list of cities most unable to withstand a weaker economy. Cities in Decline by Cal Watch
As the state budget shortfall grows, there is increased liability on houses due to the property tax. In Fresno the risk to housing due to unfunded pension decisions made 15 years ago is real. Our county supervisors, all still in office, are watching their city disappear because of ignorant decisions they made, and they knew these decisions were ill founded at the time.
No comments:
Post a Comment