The jury’s still out on whether the housing market is on its way to recovery—but these 10 cities felt the brunt of the pain last year.
Riverside-San Bernardino-Ontario, Calif.
This Southern California county’s housing market took the biggest hit in 2010 and saw median home prices plunge 13.5%.
‘The Salad Bowl of the World’ isn’t churning out the green in pre-recession sums as housing prices in the area fell 13.4% during 2010.
Arizona’s housing market was hit hard by the subprime crisis, particularly the Phoenix area that saw home prices drop 12.8% last year.
Miami-Miami Beach-Kendall Fla.
These Southern Florida towns continue to feel the pains of a housing market riddled with defaults and overpriced properties. Median home values sank 12.7% in 2010.
A constant flow of tourists to its major theme parks wasn’t enough to save the greater-Orlando area’s housing market: home prices fell 12.7%.
West Palm Beach-Boca Raton-Boynton, Fla.
This area couldn’t’ escape the subprime fiasco as housing prices dropped 12.3% during 2010.
Las Vegas-Paradise Nev.
Sin City and the surrounding suburbs fell victim to overdevelopment last year, which contributed to home prices sinking 11.4%.
Lakeland-Winter Haven, Fla.
This central Florida region followed the trend throughout most of the state as housing prices dropped 10.8% during the past year.
Fort Lauderdale-Pompano Beach-Deerfield Beach Fla.
The fifth Florida town in the list saw its housing prices slide 10.6%.
Oakland –Fremont-Hayward Calif.
The California area on the east side of San Francisco experienced a 10.1% drop in housing prices
According to the Case Shiller Home-Price Index, these markets were hit the hardest during fiscal year 2010.