The hardest places to sell homes are those with falling prices and a large inventory of unsold homes.
Forbes magazine, which examined markets all over the country, concluded that Florida has the most markets that are really in the doldrums. Several cities there are overbuilt, saddled with lousy loans and flat sales.
Here are the 10 markets where Forbes says the sales opportunities are the most challenging: Miami, Orlando, Phoenix, Tampa, Los Angeles, Washington, D.C., Chicago, Baltimore, San Diego, Denver Sources: Forbes Mag April 2008
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Falling prices are good news for home buyers, making it increasingly likely that they will be able to find a property at a price that is significantly lower than it would have been two years ago and probably less than the house would have brought just a few months ago.
Real-estate data company Zillow.com estimates that the median value for all homes in the 12 months ending March 31 fell 25 percent in the Las Vegas metro area, 19 percent in Miami and Orlando, and 16 percent in Phoenix. They declined lesser amounts in most other areas. In the metro areas of Raleigh and Charlotte, N.C., Dallas and Houston, prices are rising, but very modestly.
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