January 29, 2009
Some of the most drastic markdowns and short sales in United States real estate can be found in suburban neighborhoods. Stockton and Elk Grove California, both mostly suburban communities, together have the highest foreclosure rates in the country. Many analysts have been predicting for over a year now that suburbs will become the next slum neighborhoods, while urban areas will re-gentrify and become desirable again.
More on U.S. Suburban Foreclosures Linked to Gas Prices, Unemployment, Infrastructure Problems
