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The consumer finance website has published a new article and corresponding infographic detailing the 10 cities and towns in America that might not recover from the real estate crash
KANKAKEE, Illinois, October 21, 2013 /PRNewswire/ --
CashAdvanceOnline.net, the leading short term loan comparison site and consumer finance resource, has shared details of a new article published on its site. The new "Personal Finance News" portal now features an article and complementary colorful infographic about which regions within the U.S. are bucking the national trend of regaining momentum within the real estate market.
Entitled "American Real Estate Blackspots that Might Not Recover," the set shows which struggling areas continue to see their real estate market make losses. The site was motivated to produce the article and graphic in order to give a more balanced view of the reality for many Americans, whose homes continue to lose equity in 2013.
A spokesperson for CashAdvanceOnline.net made the announcement in the following statement that was released to the press:
"From reading the press, many would be led to believe that the whole of America is entering into a period of real estate recovery. Granted, some areas of California that saw their average house price plunge by 49% during the crash have slowly seen prices go up by 30% since this time last year. However, this is not a truly representative trend. For some entire states, homeowners may never make back any of the money that they have lost on their homes since buying them."
The statement continued, "With this in mind, we decided to analyze the market and highlight the 10 areas within the nation where the real estate market is not growing - and, in many cases, where average house prices continue to decline. We hope that consumers will read the article with interest to discover the other side of the story. We also invite readers to download our infographic or embed it onto their site for free, for a useful illustration of the scenario."
The top 10 most struggling regions for real estate as covered in the article are:
1. Kankakee, Illinois
2. Rockford, Illinois
3. Wheeling, West Virginia
4. Las Cruces, New Mexico
5. Bangor, Maine
6. Danville, Virginia
7. Vineland-Millville-Bridgeton, New Jersey
8. Albuquerque, New Mexico
9. Auburn, Alabama
10. Steubenville, Ohio
Read the article in full and download the infographic for free at: http://www.cashadvanceonline.net/real-estate-blackspots/
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