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Hilo Predicted to be One of the Worst Performing Housing Markets in 2012

An over supply of homes discounted by banks, Freddie Mac, Fannie Mae, HUD and mortgage companies to sell-off the record volume of foreclosures is pressuring home the U.S. The supply leaves no shortage of real estate markets for the worst housing markets forecast in 2012..

…The worst 25 housing markets forecast annually by Housing Predictor are a selection of the worst of the worst markets with the highest probability to reach their projected average home value losses during the calendar year.

The worst performing city was Las Vegas, predicted to drop 8.4% in 2012 in average price, followed by Wilmington in Deleware and Hilo, Hawaii, both down 8.2%.

HousingPredictor.com has provided market forecasts since 2006, based on factors such as income levels, employment rates and trends, real estate sales history and current market velocity.