8. Pensacola, FL
Home price forecast (1 year):* -13.6%
Home prices in this small Southern town tucked away in the Florida Panhandle have been more volatile than in neighboring cities in Alabama and Mississippi. Prices dropped 7.4% in Pensacola last year alone.
The economy, propped up by a strong military presence, has been stagnant, especially since the recession has taken a toll on tourism. The unemployment rate was 10.7% in December, and home prices are expected to fall even faster this year, down 13.6%. Is this a good time to buy a home in Pensacola?
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