A recent Forbes.com article reported on the top 13 cities in the U.S. where home prices are continuing to fall at a dangerous rate. Each one of the 13 markets are suffering from an excess of foreclosures.
What do you think of these 13 cities topping the list, are they surprising?
Stockton, Calif.
- Home Price Drop from Oct. 2010 to Sept. 2011: -8.2%
- Projected Home Price Drop through 2012: -8%
- Average Home Price: $152,400
Bakersfield, CA
- Home Price Drop from Oct. 2010 to Sept. 2011: -8.5%
- Projected Home Price Drop through 2012: -6.8%
- Average Home Price: $129,700
Atlanta, GA
- Home Price Drop from Oct. 2010 to Sept. 2011: -8.5%
- Projected Home Price Drop through 2012: -8.3%
- Average Home Price: $170,800
West Palm Beach, FL
- Home Price Drop from Oct. 2010 to Sept. 2011: -8.5%
- Projected Home Price Drop through 2012: -8.7%
- Average Home Price: $211,000
Tacoma, WA
- Home Price Drop from Oct. 2010 to Sept. 2011: -8.8%
- Projected Home Price Drop through 2012: -7.4%
- Average Home Price: $220,400
Jacksonville, FL
- Home Price Drop from Oct. 2010 to Sept. 2011: -8.9%
- Projected Home Price Drop through 2012: -7.7%
- Average Home Price: $179,900
Sacramento, CA
- Home Price Drop from Oct. 2010 to Sept. 2011: -9.3%
- Projected Home Price Drop through 2012: -8.5%
- Average Home Price: $195,900
Orlando, FL
- Home Price Drop from Oct. 2010 to Sept. 2011: -10.9%
- Projected Home Price Drop through 2012: -9.4%
- Average Home Price: $159,700
Fresno, CA
- Home Price Drop from Oct. 2010 to Sept. 2011: -11%
- Projected Home Price Drop through 2012: -9.9%
- Average Home Price: $154,200
Tucson, AZ
- Home Price Drop from Oct. 2010 to Sept. 2011: -11.9%
- Projected Home Price Drop through 2012: -11.1%
- Average Home Price: $169,900
Phoenix, AZ
- Home Price Drop from Oct. 2010 to Sept. 2011: -13%
- Projected Home Price Drop through 2012: -3.3%
- Average Home Price: $152,000
Boise, ID
- Home Price Drop from Oct. 2010 to Sept. 2011: -13.4%
- Projected Home Price Drop through 2012: -2.5%
- Average Home Price: $139,000
Las Vegas, NV
- Home Price Drop from Oct. 2010 to Sept. 2011: -15.2%
- Projected Home Price Drop through 2012: -5.1%
- Average Home Price: $121,900
