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Home prices in Wilmington fell 5% this year and LMM projects an additional 4% fall into 2013.
FORBES: Cities Where Home Prices Are Still Tumbling
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We asked LMM for the top ten markets where it was least wise to invest in a home.
FORBES: The Worst Cities for Real Estate Investing
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Lucie, No. 5 on the list, was considered until recently by LMM to be a suitable market for speculative investors.
FORBES: The Worst Cities for Real Estate Investing
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"Markets with a high percentage of jobs in those categories tend to be more or less stable markets, " says LMM president Ingo Wizner.
FORBES
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To select the best markets for investing, LMM analyzed the 145 Metropolitan Statistical Areas with populations over 400, 000 on a variety of factors, including historic population growth, job growth, housing price changes and the mix of jobs in an area, using data through Sept. 1.
FORBES: Real Estate