10 cities with collapsing home prices

It appears as though this study was done before March 2012 in the Las Vegas area.  I am starting to get a little impatient with the lack of national coverage about the reality of the market in Las Vegas.  As I am currently going through the process of buying a home there and I have first hand knowledge, let me break it down for you.  Late last year the Nevada State legislature was lobbied by the banks and passed legislation allowing the banks to withhold foreclosures from the market.  In a matter of 4 months Vegas went from a housing surplus to an artificial shortage.  This means that my family and families like mine who have to move to the area are competing for homes in a way that has never been seen.  We had to offer full price on our home sight unseen, and we had already been outbid on a previous house in the same fashion.  We know of people who are six offers deep with no house.  Sounds good for the local market right?  Let's think it through...short term this is great for locals and especially BANKS selling current properties including foreclosures and flips that require a ton of work do to being uninhabbited for sometimes 5 plus years.  They are making a killing...that is if the properties can appraise.  Fast forward 7 years down the road...those of us who have to sell a home that we were forced to buy at an inflated price due to an artificial shortage now have to sell.  The shortage is now over and the market has normalized.  Who takes the hit?  The home owner....again.  Who lines their pockets?  The banks...again.   Folks, the realtors in Vegas are scrambling, there is nothing to buy and nothing to sell.  Now you are going to go look up houses for sale in Vegas right?  When you do that make sure you exclude "short sales" because these homes are essentially non entities in a process that take 3 to 6 months and end up with the bank deciding to foreclose anyway, deny a sale and put it on the inflated market themselves to make more money.  Why on earth are we allowing banks to manipulate the market once again for their gain? 

home price increases Florida coastal areas will probably be limited due to extreme rising costs of windstorm insurance.

If the people in charge "GOVERNMENT" keep taking from their people "YOU AND I" there will soon be nothing left to take! Collapse of the empire.

Don't know where people get there information. People with at least a 580 credit score are getting home loans. All the negative talk isn't doing anyone any good. The forclosures they are talking about are ones that have been there and are finally getting processed through the system.  Not Really News. I think all this is being overdone and there hasn't been a better time to buy in a long time. Interest Rates are so low and the prices are now about where they were before the market took off in 2003/2002

Soon, "The Sky is Falling" will be true.

The bailout should have gone to the tax paying U.S. citizen .This would have kept the builders going because people may have purchased a second home or summer house.  The banks still would have got there money back even though they were the ones who created this mess because of poor lending practices. Anytime the BUILDING INDUSTRY in the country stops this happens. This country is in so much trouble and Washington still Can't see it. 

I've said it time and time again, we are in a depression and the government is scared to death to admit that we are in one.  Deflation, which they have fought so diligently against, is happening and is a natural economic cycle that we have to go through.  When oil markets plummet as has been predicted there will be no stopping it.  All the money the USA has spent propping up the the "Too Big To Fail" corporations and the rest of the world (Where do you think all that money really went?) will be for naught, except as in any economic engine, someone, somewhere has all that money stashed...