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The American real estate market in free fall Category: Real estate news Chapter: International property news Housing prices are down and the number of foreclosures is cause for alarm: +79% in 2007! The cities of Miami and Las Vegas are the most severely impacted followed by Detroit, Minneapolis, Phoenix, San Diego, San Francisco, Tampa, Washington, etc. Only Charlotte in North Carolina seems to have been spared. According to real estate specialists, it will take several months before the real estate market recovers a semblance of stability. Updated on: 17/06/2008 And on the same subject: The subprime crisis Fuether information : USA real estate still declining 2008-2011 Appelimmo. All rights reserved Real estate listings