Declining Cities: The People Have Left, the Houses Remain

WASHINGTON, D.C. – January 6, 2011 – (RealEstateRama) — The Great Recession of 2007 to 2009 created new declining cities, and posed further difficulties for cities already in decline. Some cities may not re-attain home price peaks for many years, and could see some neighborhoods cease to be viable economically, according to a study released today from the Mortgage Bankers Association (MBA)