Audio-Why Sacramento has the worst local housing market

February 19, 2008

jonathan-miller.jpgThe worst housing market in the United States right now is in Sacramento, California, according to Radar Logic’s director of research Jonathan Miller, whose analytics business produces a daily “spot” price for residential real estate in major U.S. metropolitan areas, or MSAs.

Among the housing markets that are holding up the best are Milwaukee and Seattle, Miller told the Reuters Housing Summit — but prices increases in Seattle may not last much longer.

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