10 Cities Where Home Prices Continue to Collapse

Metros expecting greatest home value loss over the next six months are some worst hit by the 2006 housing crash

Most of the metropolitan areas that are projected to undergo the greatest drops in home values by the second quarter of 2012 are also some of the worst-hit by the housing crash of 2006 and 2007. In eight of the ten areas on this list, housing prices have fallen by more than 50% from their peak, compared to a U.S. average drop of 32.3%. While in some areas, investors are recognizing the depressed prices as an opportunity to buy low, the current supply level ensures that these areas still have at least a year of continued decline.

(See the list . . . )