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Where Home Prices Are Falling Dangerously

December 14, 2010

Not long ago it looked like the housing market was on the mend in most major U.S. metropolitan areas. But now prices are falling fast again in many. Foreclosures and vacant homes lingering on the market are depressing prices, and the home buyer tax credit that expired in July is sorely missed.

In September home prices fell in 18 of the 20 metro areas tracked by Standard & Poor’s Case-Shiller composite home price index. That was worse than August, when 15 of the top 20 cities were down month-over-month.   story

No. 1: Cleveland

No. 2: Minneapolis

No. 3: Portland

No. 4: Dallas

No. 5: Phoenix

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