Provided by The Business Insider’s Gus Lubin and Linette Lopez
If you bought a home in Miami in 2005, we’re sorry: over the following six years it depreciated in value by more than 54.3%.
And the rebound — if there is a rebound — won’t come soon.
Between Q2 2011 and Q2 2016, Miami home prices will decline at an annualized rate of 0.7%, according to data provided by Fiserv Case Shiller.
Fiserv identified 15 housing markets that will appreciate at an annualized rate of less than 1.5% — a pretty lousy investment. If you stay out of these markets, the national average is slightly better at 3.7%.
Here ar the 15 Worst Housing Markets For The Next Five Years
The worst place to invest: Miami, Florida
Cumulative growth from 2005 to 2011: -54.3%
Annualized growth from 2011 to 2016: -0.7%
Trough: Q3 2012
The second worst place to invest: Atlantic City, New Jersey
Cumulative growth from 2005 to 2011: -34.05%
Annualized growth from 2011 to 2016: 0.2%
Trough: Q3 2012
3. Nassau County, New York
Cumulative growth from 2005 to 2011: -27.3%
Annualized growth from 2011 to 2016: 0.7%
Trough: Q4 2011
#4 (tie) Fort Lauderdale, Florida
Cumulative growth from 2005 to 2011: -52.9%
Annualized growth from 2011 to 2016: 0.8%
Trough: Q4 2012
#4 (tie) Midland, Texas
Cumulative growth from 2005 to 2011: -40.95%
Annualized growth from 2011 to 2016: 0.8%
Trough: Q1 2009
#4 (tie) Washington, D.C.
Cumulative growth from 2005 to 2011: -28.1%
Annualized growth from 2011 to 2016: 0.8%
Trough: Q1 2009
#7 Abilene, Texas
Cumulative growth from 2005 to 2011: -18.9%
Annualized growth from 2011 to 2016: 1.0%
Trough: Q1 2009
#8 Morgantown, West Virginia
Cumulative growth from 2005 to 2011: -4.15%
Annualized growth from 2011 to 2016: 1.1%
Trough: N/A
#9 (tie) Austin, Texas
Cumulative growth from 2005 to 2011: 2.63%
Annualized growth from 2011 to 2016: 1.2%
Trough: Q4 2012
#9 (tie) Waterloo-Cedar Falls, Iowa
Cumulative growth from 2005 to 2011: -2.73%
Annualized growth from 2011 to 2016: 1.2%
Trough: N/A
#11 (tie) Baton Rouge, Louisiana
Cumulative growth from 2005 to 2011: -14.48%
Annualized growth from 2011 to 2016: 1.4%
Trough: Q1 2012
#11 (tie) Amarillo, Texas
Cumulative growth from 2005 to 2011: -10.5%
Annualized growth from 2011 to 2016: 1.4%
Trough: Q4 2012
#11 (tie) Lancaster, Pennsylvania
Cumulative growth from 2005 to 2011: -5.15%
Annualized growth from 2011 to 2016: 1.4%
Trough: Q2 2012
#11 (tie) Monroe, Louisiana
Cumulative growth from 2005 to 2011: -11.31%
Annualized growth from 2011 to 2016: 1.4%
Trough: N/A
#11 (tie) Shreveport, Louisiana
Cumulative growth from 2005 to 2011: -10.38%
Annualized growth from 2011 to 2016: 1.4%