Slide Show | May 2011
10 Cities Where Home Prices Have Fallen MostFollow @PatEsswein
Some of the other markets found on our falling home price roster didn't until early 2007. So corrections will take longer than in the rest of the U.S.
A key point: The difference between cities doing well or poorly has narrowed. Our top ranked city's median-home-price gain was 5.6%, and the bottom-most's loss was -10.2%. That spread of 15 points is a drastic improvement over just a couple of years ago, when it was nearly 50 percentage points.
All of the metropolitan areas we've ranked have a population of at least 500,000. Change in home prices reflects the one-year period through December 31, 2010, when the national average was -4.1%. Unemployment rate is as of February 2011, when the national average was 9.5%. Foreclosure rate is as of March 31, 2011, when the national average was around 0.5%.
Find out which cities made our top ten list.
Sources: Fiserv Case-Shiller, National Association of Realtors, Bureau of Labor Statistics, RealtyTrac, Data Quick, Trulia.com, metro-area multiple-listing services 10 Cities Where Home Prices Have Fallen Most