The housing market has been in a serious slump since the Great Recession of 2008. Many homeowners have found themselves owing far more on their homes than the actual value. This has led to a major drop in the net worth of some homeowners. While some areas of the country have seen their housing prices decline gradually, some areas have seen the value of their homes fall off a cliff. Let's take a look at the five worst housing markets in the
TUTORIALS: Economic Indicators
TUTORIAL: Market Crashes
The Bottom LineAs you can see, the fall of housing prices has affected real-estate markets all across the country with some areas seeing such large declines that it may take a decade or more for them to recover.