Where home prices are headed next

• Where home prices are headed
• Fastest growing markets
• Homes for sale in hot markets
• Cities set for steep losses
• California screaming: Tales from the housing bust
• The incredible shrinking house

(Money Magazine) -- The housing implosion is nowhere near over. In 75 of the 100 top U.S. cities, prices are expected to fall in the next 12 months according to Fiserv Lending Solutions.

The S&P Case/Shiller Home Price Index, which tracks 20 of the largest housing markets, showed prices plummeting by 12.7% in the 12 months ending February. That's the biggest fall since the index began tracking prices in 2000.

Meanwhile, foreclosure filings more than doubled in the first three months of 2008, spiking 112%. So far this year 156,463 families have lost their homes to repossessions. Many markets won't hit bottom till late 2009 or even 2010.

Pity the residents of Stockton, Calif., whose homes are likely to lose more than half of their 2006 value. But if you happen to live in Texas, congratulations: The housing tornado passed you by.

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First Published: May 7, 2008: 8:30 AM EDT

Metro Area  Home Price
(median)  Price Change
(5 years)  Forecast (May '09)  % change in foreclosure rate (1 year)
McAllen, TX  $109,000  23.3%  4.0%  23%
Rochester, NY  $121,000  20.1%  2.7%  5%
Birmingham  $156,000  29.4%  2.7%  20%
Syracuse  $126,000  29.5%  2.6%  27%
Buffalo/Niagara Falls  $105,000  24.5%  2.4%  14%
New Orleans  $158,000  43.7%  2.2%  49%
Scranton  $128,000  41.1%  2.2%  8%
Baton Rouge  $170,000  38.3%  1.9%  14%
Grand Rapids  $124,000  8.3%  1.9%  37%
El Paso  $134,000  51.9%  1.8%  32%
Wichita  $114,000  17.8%  1.5%  9%
Tulsa  $128,000  18.8%  1.4%  5%
Fort Worth/Arlington  $134,000  17.4%  1.4%  16%
Indianapolis  $114,000  12.0%  1.3%  11%
Houston  $150,000  25.1%  1.2%  11%
Dallas  $161,000  15.8%  1.2%  14%
Gary, IN  $125,000  25.6%  1.1%  12%
Albany, NY  $200,000  64.1%  0.9%  10%
San Antonio  $152,000  39.6%  0.8%  22%
Greensboro, NC  $151,000  17.8%  0.6%  256%
Omaha  $136,000  17.7%  0.6%  71%
Little Rock  $128,000  28.4%  0.5%  405%
Louisville  $133,000  20.7%  0.5%  17%
Columbia, SC  $145,000  28.1%  0.3%  16%
Oklahoma City  $134,000  29.8%  0.3%  16%
Austin  $186,000  28.9%  -0.1%  -6%
Raleigh/Cary, NC  $236,000  26.4%  -0.2%  62%
Charlotte, NC  $205,000  27.8%  -0.5%  15%
Kansas City  $148,000  19.4%  -0.6%  22%
St. Louis  $134,000  31.7%  -0.8%  22%
Lake County, IL  $260,000  30.4%  -0.8%  N.A.
Pittsburgh  $144,000  18.1%  -1.3%  1%
Memphis  $124,000  8.7%  -1.5%  28%
Richmond  $226,000  61.4%  -1.8%  72%
Milwaukee  $220,000  35.7%  -1.8%  53%
Atlanta  $205,000  16.0%  -2.3%  52%
Youngstown, OH  $87,000  2.8%  -3.0%  3%
Nashville  $154,000  34.8%  -3.3%  28%
Allentown, PA  $247,000  58.9%  -3.3%  52%
Akron  $143,000  5.2%  -3.8%  15%
Toledo  $122,000  1.9%  -4.0%  12%
Cincinnati  $166,000  7.4%  -4.2%  9%
Cleveland  $145,000  1.2%  -4.3%  11%
Columbus, OH  $155,000  5.7%  -4.4%  17%
Dayton  $125,000  7.7%  -4.4%  10%
Knoxville  $144,000  35.6%  -5.2%  39%
Minneapolis/St. Paul  $235,000  15.9%  -5.6%  71%
Farmington Hills, MI  $175,000  -7.5%  -5.9%  N.A.
Poughkeepsie, NY  $260,000  50.8%  -6.8%  35%
Chicago  $279,000  29.2%  -6.8%  9%
Virginia Beach  $236,000  90.1%  -7.1%  33%
Cambridge, MA  $417,000  10.7%  -8.5%  57%
Detroit  $120,000  -6.3%  -8.6%  41%
Peabody, MA  $365,000  10.4%  -8.8%  9%
Sacramento  $330,000  23.3%  -8.9%  210%
Seattle  $430,000  61.9%  -9.0%  58%
Worcester, MA  $257,000  13.5%  -9.2%  102%
Springfield, MA  $195,000  33.6%  -9.5%  241%
Jacksonville  $197,000  47.7%  -9.6%  130%
San Diego  $522,000  31.3%  -9.7%  175%
Salt Lake City  $229,000  59.9%  -9.8%  18%
San Francisco  $840,000  40.7%  -10.1%  175%
Wilmington, DE  $259,000  50.9%  -10.3%  145%
Boston  $363,000  13.4%  -10.5%  57%
Albuquerque  $174,000  50.7%  -10.5%  23%
Denver  $254,000  4.5%  -10.8%  23%
Philadelphia  $200,000  50.0%  -11.1%  29%
Providence  $275,000  32.0%  -11.6%  107%
Oakland  $595,000  27.7%  -11.7%  266%
Baltimore  $264,000  64.7%  -12.5%  92%
San Jose  $750,000  38.7%  -12.5%  347%
Hartford, CT  $249,000  29.1%  -12.6%  51%
Bethesda, MD  $460,000  54.9%  -12.9%  118%
Ventura County, CA  $577,000  42.7%  -13.1%  240%
Tacoma  $283,000  64.3%  -13.2%  68%
Washington, DC  $408,000  49.2%  -13.2%  42%
New York City  $471,000  43.5%  -13.2%  3%
Bakersfield, CA  $255,000  73.0%  -13.6%  391%
Stamford, CT  $562,000  32.8%  -13.9%  66%
New Haven  $260,000  36.3%  -14.2%  83%
Fresno  $276,000  62.1%  -14.3%  285%
Nassau/Suffolk, NY  $465,000  40.2%  -14.4%  N.A.
Portland, OR  $306,000  62.3%  -14.7%  100%
Camden, NJ  $220,000  50.9%  -14.9%  11%
Santa Ana, CA  $669,000  52.4%  -15.2%  290%
Newark  $419,000  38.1%  -15.4%  -5%
Sarasota  $230,000  38.0%  -15.5%  458%
Edison, NJ  $358,000  36.0%  -15.8%  0%
Honolulu  $625,000  95.3%  -16.2%  129%
Los Angeles  $528,000  67.7%  -16.8%  261%
Stockton, CA  $341,000  17.8%  -16.8%  379%
Tucson  $217,000  54.5%  -16.9%  14%
Riverside, CA  $340,000  49.9%  -16.9%  299%
Tampa  $200,000  52.1%  -17.1%  281%
West Palm Beach, FL  $305,000  46.1%  -17.6%  435%
Las Vegas  $277,000  60.8%  -18.3%  2%
Phoenix  $237,000  60.9%  -18.3%  9%
Orlando  $245,000  62.5%  -21.0%  399%
Fort Lauderdale  $309,000  56.1%  -22.2%  450%
Miami  $329,000  94.8%  -24.9%  370%
USA  $206,000  32.7%  -9.7%  65%