2008 median house price: $227,270
2009 projected change: -20.9%
2010 projected change: -2.5%
This city north of Los Angeles had the ninth highest foreclosure rate in November, as one of the country's largest real estate bubbles continues to burst. Including Bakersfield, six of the ten worst foreclosure markets were in California.
NEXT: Washington, D.C.
Source: Sources: National Association of Realtors; Moody's Economy.com