Investopedia cites the NAR’s third quarter 2014 report to explore why five markets experienced big decreases in home values.
The largest drop nationwide, at 15.2 percent, was experienced by Cumberland, a metro area on the border of West Virginia and Maryland. Investopedia attributes this drop to higher violent crime in Cumberland than state-wide averages. Other factors are the large inventory of houses for sale and a moderate inventory of foreclosures.
PB Topical Ref
