These PA Towns Have Among the 100 Worst Real Estate Markets In U.S., Study Says

Several Pennsylvania communities have among the 100 worst real estate markets in the country, according to a new study.

With more new homes being sold in July than in nearly 10 years, the personal finance website WalletHub conducted an in-depth analysis of 2016’s Best Real-Estate Markets. Three Pennsylvania markets are just not keeping up with the times, the study says.

The study looks at markets that don't just involve the individual towns. They also include the areas surrounding the communities.

To help prospective homebuyers find the most attractive housing markets, WalletHub’s analysts compared U.S. cities across 16 key metrics. The data set ranges from “median home-price appreciation” to “housing affordability” to “job growth rate.”

Here are two examples:

• Berkeley, California, has the lowest average number of days until a house is sold, 38, which is 4.9 times lower than in Paterson, New Jersey, the city with the highest, 186.
• San Mateo, California, has the lowest percentage of homes with negative equity, 1.9 percent, which is 27 times lower than in Hartford, Connecticut, the city with the highest, 51.2 percent.

Read the methodology here.

Here is the WalletHub list, with the total compare score based on WalletHub's real estate categories:

1. Newark, NJ 28.52
2. Paterson, NJ 31.83
3. Detroit, MI 34.21
4. Elizabeth, NJ 34.76
5. Cleveland, OH 37.05
6. Flint, MI 37.39
7. Fall River, MA 38.12
8. Hartford, CT 40.99
9. Waterbury, CT 41.01
10. Baltimore, MD 41.54
11. Rockford, IL 41.6
12. New Bedford, MA 42.18
13. Bridgeport, CT 42.22
14. Dayton, OH 42.32
15. New Haven, CT 42.55
16. Fayetteville, NC 43.99
17. Miami Beach, FL 44.83
18. Fort Lauderdale, FL 45.17
19. Philadelphia, PA 45.43
20. Toledo, OH 45.92
21. Miami, FL 46.35
22. Miami Gardens, FL 46.46
23. Waukegan, IL 46.51
24. Montgomery, AL 47.19
25. Indianapolis, IN 47.59
26. Springfield, MA 48.07
27. Yonkers, NY 48.16
28. Joliet, IL 48.19
29. Portsmouth, VA 48.47
30. Jersey City, NJ 48.71
31. Brockton, MA 48.81
32. Cincinnati, OH 49.13
33. Lakeland, FL 49.22
34. West Palm Beach, FL 49.25
35. Providence, RI 49.27
36. Albuquerque, NM 49.39
37. North Las Vegas, NV 49.55
38. St. Louis, MO 49.56
39. Yuma, AZ 49.61
40. Allentown, PA 49.62
41. Compton, CA 49.67
42. Akron, OH 49.75
43. Jacksonville, FL 50.02
44. Tuscaloosa, AL 50.04
45. Chicago, IL 50.22
46. Hialeah, FL 50.44
47. Mobile, AL 50.68
48. Buffalo, NY 50.71
49. Las Vegas, NV 50.85
50. Worcester, MA 50.91
51. Milwaukee, WI 50.98
52. Pompano Beach, FL 51.08
53. Palm Bay, FL 51.2
54. Albany, NY 51.21
55. Victorville, CA 51.37
56. Hollywood, FL 51.38
57. Inglewood, CA 51.64
58. Port St. Lucie, FL 51.86
59. New York, NY 51.86
60. Norfolk, VA 52.26
61. Palmdale, CA 52.43
62. Columbus, GA 52.58
63. Hampton, VA 52.81
64. Lancaster, CA 52.82
65. El Monte, CA 53.21
66. Peoria, IL 53.28
67. Elgin, IL 53.38
68. Miramar, FL 53.43
69. San Bernardino, CA 53.63
70. Tallahassee, FL 53.68
71. Jackson, MS 53.72
72. South Gate, CA 53.74
73. Rialto, CA 53.76
74. Baton Rouge, LA 53.98
75. Newport News, VA 53.99
76. Lynn, MA 54.08
77. Pomona, CA 54.31
78. Moreno Valley, CA 54.33
79. Gainesville, FL 54.39
80. Tucson, AZ 54.41
81. Augusta, GA 54.48
82. Erie, PA 54.54
83. Aurora, IL 55
84. Cape Coral, FL 55.09
85. Fresno, CA 55.16
86. Vallejo, CA 55.38
87. Birmingham, AL 55.63
88. Clearwater, FL 55.74
89. St. Petersburg, FL 55.89
90. Carson, CA 55.91
91. Fontana, CA 56.04
92. Coral Springs, FL 56.09
93. Santa Barbara, CA 56.13
94. Shreveport, LA 56.34
95. Lansing, MI 56.42
96. Winston-Salem, NC 56.51
97. Warren, MI 56.59
98. Sunrise, FL 56.66
99. Kenosha, WI 56.82
100. Stockton, CA 56.87
     

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