The Top 5 Cities Where Prices Are Being Slashed

 

The top 5 cities where prices are being slashed

A large percentage of houses in these towns are offered at deep discounts. For the lucky few who are buying homes, this may be good news: The latest data show that people selling homes are increasingly abandoning their original asking price and offering their listings for a discount.

 The housing recovery has stalled and sellers are slashing asking prices. In some cities, half the listings on a block have been reduced, according to Trulia.com. See which metros--and which neighborhoods or suburbs--have the highest proportions of discounted homes.

Metro: Minneapolis

Percentage of for-sale homes marked down: 43%
High concentrations of discounted homes: Lynnhurst, Ericsson, Audubon Park
Low concentrations of discounted homes: Downtown East, Near North, North Loop
Example: 4528 Fremont Ave. S
Price: $1.3 million
Markdown: $500,000

Metro: Milwaukee

Percentage of for-sale homes marked down: 40%
High concentrations of discounted homes: West Allis, Wauwatosa, Donner Woods
Low concentrations of discounted homes: Kilbourn Town, Historic Mitchell Street
Example: 3220 North Lake Drive
Price: $1.4 million
Markdown: $100,000

Metro: Phoenix

Percentage of for-sale homes marked down: 39%
High concentrations of discounted homes: North Mountain, Camelback East
Low concentrations of discounted homes: Central City, North Gateway, Desert View
Example: 4908 East Calle Del Medio
Price: $2.5 million
Markdown: $450,000

Metro: Mesa, Ariz.

Percentage of for-sale homes marked down: 37%
High concentrations of discounted homes: Liesure World, Dobson Ranch
Low concentrations of discounted homes: Las Palmas Grand
Example: 3615 East Quenton Dr.
Price: $2.3 million
Markdown: $456,000

Metro: Albuquerque

Percentage of for-sale homes marked down: 35%
High concentrations of discounted homes: Wildflower Area, Uptown, Tanoan East
Low concentrations of discounted homes: Los Poblanos, University Heights
Example: 11505 Sky Valley Way NE
Price: $550,000
Markdown: $29,000

Metro: Memphis

Percentage of for-sale homes marked down: 35%
High concentrations of discounted homes: Midtown, Jackson-University Area
Low concentrations of discounted homes: South Memphis
Example: 460 Woodmere Lane
Price: $729,000
Markdown: $63,000

Metro: Boston

Percentage of for-sale homes marked down: 35%
High concentrations of discounted homes: Roslindale, West Roxbury, Dorchester
Low concentrations of discounted homes: Beacon Hill, South End, Back Bay
Example: 128 Commonwealth Ave.
Price: $9.5 million
Markdown: $1 million

Metro: Tucson

Percentage of for-sale homes marked down: 34%
High concentrations of discounted homes: Prince Tucson, Rosemont West, Glenn Heights,
Low concentrations of discounted homes: Los Ranchitos, Santa Cruz Southwest
Example: 2900 North Spirit Dancer Trail
Price: $
Markdown: $

Metro: Baltimore

Percentage of for-sale homes marked down: 34%
High concentrations of discounted homes: Loch Raven, Cedmont, Guildford
Low concentrations of discounted homes: Downtown, Orangeville, Union Square
Example: 4313 Saint Paul St.
Price: $995,000
Markdown: $100,000

Metro: Dallas

Percentage of for-sale homes marked down: 34%
High concentrations of discounted homes: Lakewood, Highland Park, Preston Hollow
Low concentrations of discounted homes: Oak Lawn, Cedar Crest, South Dallas
Example: 4300 Saint Johns Dr.
Price: $5.5 million
Markdown: $760,000

Most Expensive Divorces

George Lopez & Ann

Comedian George Lopez and his wife, Ann, have called it quits, and based on estimates of his net worth the talk show host could be facing an expensive split. From Rupert and Anna Murdoch's breakup to Steven Spielberg and Amy Irving's costly separation, here's a rundown of some of the most lavish celebrity splits.


Kelsey Grammer & Camille Donatacci

Camille Donatacci, who filed for divorce from actor Kelsey Grammer in July, could pocket a sizable settlement. The former Playboy model, who married the "Frasier" star  in 1997, apparently owns half of his company, which made this dark TV show and a comedy. Grammer, who has moved on to a new relationship, is reportedly worth this much.


Tiger Woods & Elin Nordegren

Elin Nordegren, Tiger Woods' ex-wife and former Swedish model, was rumored to be getting a mind-numbing figure in their divorce settlement before that value decreased to a still-impressive number.

Rupert & Anna Murdoch

After a seemingly amicable split, the 1999 divorce settlement between the newspaper mogul and his wife of 30 years has been called the most expensive in history. The couple had three children together. How soon did Rupert Murdoch remarry?

Adnan Khashoggi & Soraya Khashoggi

The Saudi billionaire divorced his wife of 13 years  in 1980 for a staggering number after she sued for $2.5 billion to help support their five children. When the couple met & married in the '60s, Englishwoman Soraya was relatively young. What is her real name?

Michael Jordan & Juanita Jordan

The NBA legend and his wife were married for a year and a half before signing a prenuptial agreement that served up a huge sum as a result of their 2007 divorce. The couple stayed married for 17 years and have three children. One of their sons made headlines when he decided to do this. But not all was lost in the basketball family.

Neil Diamond & Marcia Murphey

Despite having to pay up big-time in his 1994 divorce to Marcia Murphey, the legendary crooner had this to say about her. Why did they end their 25-year marriage?

Harrison Ford & Melissa Mathison

After two children and 18 years of marriage, the movie star and screenwriter divorced in 2001. Mathison, the writer behind a famous 1982 film, walked away with a bundle, including a portion of future earnings from films Ford made while they were together. Ford recently wed his longtime girlfriend.

Steven Spielberg & Amy Irving

After successfully nullifying the couple's unconventional prenup, the budding actress was awarded this impressive settlement after her four-year marriage to the famous director dissolved. The former couple had a son together.

Madonna & Guy Ritchie

Rumors ran wild (who was she reportedly having an affair with?) before the power couple announced their impending divorce in 2008, but the actual number of what the Material Girl  had to fork over to the British director varies.

Paul McCartney & Heather Mills

After the ex-Beatle's four-year marriage to the former model 30 years his junior ended badly, he paid a top sum to end it, as well as annual payments for their young daughter. Mills later starred on one of the most popular reality shows. As for McCartney, he is still making money off his hits.

Michael & Diandra Douglas

The couple knew each other only nine weeks before they embarked on what turned out to be a 20-year marriage that produced son Cameron, who was recently sentenced to prison. But when Diandra began accusing the high-profile actor of indiscretions, they filed for divorce in 1998 and she won a hefty paycheck, as well as half of any cash made on movies he made while they were a couple. The former twosome has been back in the news -- and in court -- lately because Diandra is suing the movie star.

James Cameron & Linda Hamilton

The renowned director's fourth marriage, to the "Terminator" actress, cost him big bucks when they divorced in 1998 after a 17-month marriage. How does it compare to how much he spent making his two biggest films, "Avatar" and "Titanic"? The couple had one daughter together.

Kevin Costner & Cindy Silva

During the movie star's 16-year marriage to his college sweetheart, Costner became one of Hollywood's most sought-after actors. But when the couple's marriage dissolved in 1994, she was awarded an estimated half of his earnings for work he did while they were together. How many children do they have?