Highest Crime Cities…is there a Correlation to Real Estate?<O</O

The Congressional Quarterly Press just put out its “most dangerous cities” list for the past year. <ST1New Orleans</ST1 is in the number one spot. In 2007, Detroit had the lead, but now we’ve noticed some competition from <ST1New Orleans</ST1 Misfortune begets crime. We’ve seen a marked increase in crime in our foreclosure hotspots. I mention this list after learning that there is a statistical increase in crime of over 2% that comes with each 1% increase in foreclosures in a neighborhood. Is anyone paying attention to this correlation? With such a wave of distressed housing across the <ST1US</ST1, what will happen to our crime rates, and do you expect to see any new names on this list next year?

Top 10 Most Dangerous Cities in America 2008

1. <ST1New Orleans
   
2. <ST1Camden
   
3. Detroit
   
4. </ST1<ST1St. Louis</ST1
   
5. <ST1Oakland
   
6. </ST1<ST1Flint, Mich.</ST1
   
7. <ST1Gary, Ind.</ST1
   
8. <ST1Birmingham, Ala.</ST1
   
9. <ST1Richmond, Calif.
   
10. </ST1<ST1North Charleston

Contributed by Mario Romero, CRS, CDPE, CLHMS
602-252-4191 office, 602-254-9810 fax
The Romero Team - Melcher Agency
www.TheRomeroTeam.com
www.ShortSaleTeamAz.com
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