The grimness of the recession is still ravaging certain US cities with the recovery having a long way to go. Increase on homeless communities, falling house prices along with a rising number in foreclosures are factors causing these cities to affected by any recovery. This list is based on Brookings Institute MetroMonitor Index
Wtihout much ado, here’s the list:
| City | Gross metro product since peak | Home prices YTD |
Employment since peak: | Employment YTD: | Other |
| #20 Dayton Ohio | -6.9% | -3.2% | -8.5% | +3.6% | Four Dayton autoworkers attended the Academy Awards to support a documentary that chronicled the closing of a local GM factory, according to KYPost. The documentary did not win. |
| #19 Portland, OR | -4.8% | -10.4% | -6.6% | +2.5% | Portland shortened its school year by five days to cut costs. Subsequently, the city passed a measure to restore the days by increasing taxes, according to Oregon Live. |
| #18 Phoenix, AZ | -3.3%
|
-17.6% | -10.6% | +2.1% | Phoenix will bid farewell to a major local arts organization at the end of the month due to bankruptcy, according to BizJournal. |
| #17 Grand Rapids, MI | -3.4%
|
-8.0% | -6.9% | +3.2% | The Grand Rapids Press recently begged readers to support an income tax increase to pay city costs. |
| #16 Sacramento, CA | -2.7%
|
-9.2% | -8.4% | +3.5% | Last year a “tent city” outside Sacramento attracted global attention. Now the land have been fenced off, but homeless remains a problem around the city, according to CBS. |
| #15 Stockton, CA | -3.4%
|
-9.0% | -5.0% |
+4.1% . |
Stockton has been named the second most miserable city in America and the most obese, according to ABC News |
| #14 Orlando, FL | -1.0%
|
-17.5% | -7.3% |
+4.1% |
Old Southern Bank failed last week, the first Orlando-based bank failure in 20 years, according to the Orlando Sentinel. |
| #14 Orlando, FL | -3.2%
|
-9.0% | -6.8% | +3.9% | Teachers at a Modesto high school joined the state-wide walkout to protest budget cuts. But students didn’t participate, calling the walk out pointless, according to ABC News. |
| #12 Lakeland, FL | -2.4%
|
-17.8% | -7.0% | +4.1% | Gun stores are popping up everywhere in Lakeland and across Southwest Florida, according to Florida Weekly — a clear sign of the recession. |
| #11 Riverside, CA | -3.9%
Home prices YTD: Employment since peak: Employment YTD:
|
-8.4% | -10.5% | +3.6% | Veterinarians in the major horse-breeding town have reported a spike in the number of abandoned horses, according to the Press-Enterprise. |
| #10 Youngtown, OH | -6.1% | -6.0% | -11.1% | +3.9% | Youngstown has been tearing down hundreds of houses a year since 2005, according to The Columbus Dispatch. |
| #9 Miami, FL | -4.4%
|
-14.1% | -6.3% | +3.7% | A Miami courthouse was literally overflowing with foreclosure paperwork. Clerks had to transport the 125,000-plus files to a larger storage area, according to Miami News. The pile is still increasing. |
| #8 Boise City, ID | -4.1%
|
-16.4% | -10.7% | 2.9% | An important bill for urban renewal has hit a stalemate in the Boise legislature due to concerns about financing, according to Times-News |
| #7 Jacksonville, FL | -4.9%
|
-13.8% | -7.2% | 3.9% | A property holding company just foreclosed on a set of Jacksonville apartment complexes, putting over 1,239 homes at risk, according to BizJournal. |
| #6 Tampa, FL | -4.9%
|
-12.4% | -8.9% | +4.0% | Half of Tampa homeowners have underwater mortgages, according to Tampa Tribune. |
| #5 Palm Bay, FL | -5.6%
|
-15.0% | -10.2% | +3.6% | After two years of staff cuts, Palm Bay officials are advertising 140 volunteer positions in government, according to Florida Today. |
| #4 Bradenton, FL | -5.8%
|
-10.2% | -14.4% | +3.8% | Federal regulators gave a decree to the Horizon Bank of Bradenton: raise more capital by the end of April or prepare to be sold, according to the Herald Tribune. |
| #3 Cape Coral, FL | -14.8%
|
-11.4% | -17.0% | +3.7% | Cape Coral has America’s second highest foreclosure rate, according to RealtyTrac. |
| #2 Las Vegas, NV | -4.4%
|
-20.8% | -9.8% | +4.4% | Luxury casinos and resorts in Sin City are suffering, as companies aren’t shelling for office trips, according to the Las Vegas Sun. |
| #1 Detroit, MI
|
-14.2% | -11.7% | -15.6% | +4.2% | Mayor Bing has a new plan to get rid of hundreds of thousands of foreclosed or vacant homes. He’s going to bulldoze one quarter of the city, according to CNBC. |
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