Reviewing the heat index calculations used to produce today’s animated real estate heat maps I noticed that some areas have fallen below the 0.85 index value that typically represents the bottom of a market cycle. Because these areas have overshot the bottom, I am calling them devastated cities:

Rank Heat Index 1Yr Change City
1. 0.59 -50% Merced, California
2. 0.68 -41% Stockton, California
3. 0.70 -19% Monroe, Michigan
4. 0.73 -38% Modesto, California
5. 0.74 -17% Detroit - Livonia - Dearborn, Michigan
6. 0.75 -34% Salinas, California
7. 0.76 -36% Vallejo - Fairfield, California
7. 0.76 -33% El Centro, California
7. 0.76 -31% Punta Gorda, Florida
7. 0.76 -31% Yuba City, California
11. 0.79 -35% Naples - Marco Island, Florida
11. 0.79 -34% Cape Coral - Fort Myers, Florida
11. 0.79 -13% Bay City, Michigan
11. 0.79 -12% Warren - Troy - Farmington Hills, Michigan
15. 0.81 -9% Greeley, Colorado
15. 0.81 -6% Jackson, Michigan
17. 0.83 -10% Flint, Michigan
18. 0.83 -8% Ann Arbor, Michigan