The Wall Street Journal ran a chart this week with a city by city report on change in housing inventory, months supply, price change, employment outlook and loan payments overdue.

Just to take two measures -- months supply and price change -- the report is interesting.

Miami-Ft. Lauderdale topped the list of months supply with 29 (!) and a 12.4% drop in prices in the past year.
Detroit has a 19 months supply and had an 11.2% price drop.
Las Vegas has an 18 months supply and a 10.7% price drop.
Orlando is close behind with 17.5 months supply. (Price change was N.A.)
Tampa has a 16 months supply with an 11.8% price drop.

With the exception of Detroit, note that all of the cities in the top 5 are sunny cities (with Phoenix, Jacksonville and Atlanta ranking next).

Miami-Ft. Lauderdale also ranked highest with loan payments overdue at 7.15% (with no other city close).

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