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Daily Real Estate News  |  August 18, 2010  |   22 Cities at Risk for Another Recession
At least 22 U.S. cities are at risk of slipping back into recession, Moody’s Economy.com said in a report Tuesday.

"With chances of a national double-dip recession now estimated at about one in four, several metro areas will probably experience their own downturns in the first half of 2011," said economist Andrew Gledhill, who wrote the report.

Gledhill identified these 22 markets as having the biggest chance of a double-dip recession, mostly because they have industrial economies that are affected by the national decline in manufacturing:

1. Missoula, Mont.
2. Salem, Ore.
3. Idaho Falls, Idaho
4. Lake County-Kenosha County, Ill.-Wisc.
5. Lafayette, Ind.
6. Wichita, Kan.
7. Hot Springs, Ark.
8. Pine Bluff, Ark.
9. Little Rock, Ark.
10. Wichita Falls, Texas
11. Akron, Ohio
12. Charleston, W.Va.
13. Macon, Ga.
14. Gadsden, Ala.
15. Gulfport-Biloxi, Miss.
16. Mobile, Ala.
17. Utica-Rome, N.Y.
18. Lebanon, Pa.
19. Springfield, Ohio
20. Wilmington, N.C.
21. Anderson, S.C.
22. Athens-Clark County Ga.

Source: CNNMoney.com, Hibah Yousuf (08/17/2010)

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