The housing market may be recovering, but home prices in these 12 cities plummeted last year.
7. Memphis, Tenn. -- One-year change in home prices: -5.2% Median home price: $89,000 Change in price since peak: -44.5% Unemployment rate: 8.4% Foreclosure rate: 1 in every 935 households (0.11%)
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John F. Martin/General Motors
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