Real Estate: The best - and the worst - of 2007

It was a brutal year for housing - but not all markets are ailing.

By Les Christie, CNNMoney.com staff writer

The 5 markets where home prices will fall the most
City	Peak to trough decline
Punta Gorda, FL	35.3%
Stockton, CA	31.6%
Modesto, CA	31.3%
Ft Walton Beach, FL	30.4%
Naples, FL	29.6%

Source: Moody's Economy.com

7 of 9

America's market with the biggest projected decline

Punta Gorda, Fla.

Key stat: Forecast peak-to-trough decline: 35.3%.

Punta Gorda will be the U.S. city hardest hit by the home price turn-down, according to a recent analysis by Moody's Economy.com. Many Sun Belt cities will suffer large losses and the national median price for single-family homes will drop 13%.

Last updated December 28 2007: 2:29 PM ET

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