According to Fortune magazine, of the 10 worst real estate markets in the nation, LA is number one! Oh wait, that's bad. With a 2008 median home price of $375,340, forecasters are predicting an almost 25% drop in prices next year, and another 5% drop in 2010. We may top this list, but California owns it. Eight of the 10 markets are in the Golden State. For once, it doesn't seem fun to be Arnold Schwarzenegger. (Pictured: An old-timey Gold Rush poster.) [Fortune]
Filed under:
Loading comments...