Where does your local market stand in the protracted, multi-year housing correction?
First, the bad news. Only six of the 20 major real estate markets covered in the widely-watched Case-Shiller index showed positive year-over-year gains. Overall, the 20 cities are down an average of 3.1 percent over last year. And, nationally, prices are still off about 30 percent from their 2006 peak.
The good news is that there are some markets that are showing price growth or are at least leveling out. (Check out the best performing housing markets in the last year here.)
Though there are extremely tentative signs of some rebounding markets in the latest Case-Shiller data, there are certainly some laggards. (If you guessed Detroit, you're not far off.)
Check out our photos of the worst performing metro housing markets in the last 12 months.
Price Correction Coming