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While the overall housing market appears to be on the mend, there are some
Metropolitan Statistical Areas where prices are still falling.

Forbes magazine asked Local Market Monitor, a real estate research firm, to
examine all 315 MSAs and identify those where home prices are still at least
10 percent above the point where home prices should be based on economic
fundamentals.

Many of these locales have higher than average home prices because they are
relatively small and their economies are dependent on a few businesses or a
single industry. When those businesses run into trouble, the communities
feel the pain.

Here are the
top 10 places that Local Market Monitor
identifies as most vulnerable to continued price declines:

* Atlantic City/Hammonton, N.J.
* Provo, Utah
* Portland, Vancouver, Oregon, Ore.
* Glen Falls, N.Y.
* Bellingham, Wash.
* Flagstaff, Ariz.
* Charleston/Sommerfield, S.C.
* Eugene/Springfield, Ore.
* Salisbury, Md.
* Salt Lake City, Utah

Source: Forbes, Francesca Levy (04/27/2010)

via Ping.fm

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