These Are The 15 Housing Markets That Will Get Crushed The Hardest By 2012

The firm that makes the Case Shiller Index has joined the consensus that 2011 will be a terrible year for housing.


2012 will be pretty bad too.

Fiserv forecasts a 7.1 percent drop in national home prices from Q2 '10 to the Q2 '11. In the following 12 months, Fiserv forecasts a slight national increase -- but major markets, including the following 15 disaster areas, will keep falling.

From the housing peak to 2012, markets in Florida, Nevada and California will be down around 60 percent.

#15 Prescott, Ariz.

Forecast change 2010:Q2 to 2012:Q2: -14.3%


Forecast change from peak to 2012:Q2: -49.9%

Median home price today: $170,000

Median home price in 2012: $146,000

#14 Salinas, Calif.

Forecast change 2010:Q2 to 2012:Q2: -14.6%


Forecast change from peak to 2012:Q2: -65.7%

Median home price today: $247,000

Median home price in 2012: $211,000

 #13 Pensacola, Fla.

Forecast change 2010:Q2 to 2012:Q2: -15.3%


Forecast change from peak to 2012:Q2: -37%

Median home price today: $142,000

Median home price in 2012: $120,000

#12 Cape Coral, Fla.

Forecast change 2010:Q2 to 2012:Q2: -16.2%


Forecast change from peak to 2012:Q2: -65.8%

Median home price today: $100,000

Median home price in 2012: $83,800

#11 West Palm Beach, Fla.

Forecast change 2010:Q2 to 2012:Q2: -16.3%


Forecast change from peak to 2012:Q2: -54.8%

Median home price today: $212,000

Median home price in 2012: $177,000

#10 Punta Gorda, Fla.

Forecast change 2010:Q2 to 2012:Q2: -17.7%


Forecast change from peak to 2012:Q2: -61.4%

Median home price today: $135,000

Median home price in 2012: $111,000

#9 Orlando, Fla.

Forecast change 2010:Q2 to 2012:Q2: -18.4%


Forecast change from peak to 2012:Q2: -59.1%

Median home price today: $155,000

Median home price in 2012: $126,000

#8 Atlantic City, NJ

Forecast change 2010:Q2 to 2012:Q2: -18.5%


Forecast change from peak to 2012:Q2: -39.2%

Median home price today: $220,000

Median home price in 2012: $179,000

#7 Fort Lauderdale, Fla.

Forecast change 2010:Q2 to 2012:Q2: -18.7%


Forecast change from peak to 2012:Q2: -57%

Median home price today: $203,000

Median home price in 2012: $165,000

#6 Gainesville, Fla.

Forecast change 2010:Q2 to 2012:Q2: -18.8%


Forecast change from peak to 2012:Q2: -37.8%

Median home price today: $175,000

Median home price in 2012: $142,000

#5 Phoenix, Ariz.

Forecast change 2010:Q2 to 2012:Q2: -20.5%


Forecast change from peak to 2012:Q2: -61.4%

Median home price today: $144,000

Median home price in 2012: $115,000

#4 Ocean City, NJ

Forecast change 2010:Q2 to 2012:Q2: -20.6%


Forecast change from peak to 2012:Q2: -37.1%

Median home price today: $305,000

Median home price in 2012: $242,000

 #3 Miami, Fla.

Forecast change 2010:Q2 to 2012:Q2: -21.21%


Forecast change from peak to 2012:Q2: -61.7%

Median home price today: $190,000

Median home price in 2012: $145,000

# 2 Las Vegas, Nev.

Forecast change 2010:Q2 to 2012:Q2: -21.7%


Forecast change from peak to 2012:Q2: -66.1%

Median home price today: $153,000

Median home price in 2012: $112,000

#1 Naples, Fla.

Forecast change 2010:Q2 to 2012:Q2: -24.6%


Forecast change from peak to 2012:Q2: -62%

Median home price today: $260,000

Median home price in 2012: $196,000