During the real estate crash, foreclosures tore through the states such as Florida, California and Nevada.  The state of Denver seemed to be numb from the effects of the housing bust but it seems that the Mile High City is taking a turn for the worse. . The prices in Denver fell to 0.5% in July 2009 from the year before and have worsened in January with 3%.

Aside from Denver, other areas like Charlotte, N.C. and San Francisco show year-over-year slumps and prices are still expected to drop in the next months.  Prices fell 1% in May from the previous year and are now down by 5% from January last year.  The rate of unemployment in Charlotte has jumped up than the national average while in San Francisco; prices were down by 8.5% in January.  The high priced homes in San Francisco took a huge chunk of the city’s housing market and many of these homes are not being bought.

Home prices are also down by 7.25% in Napa County, Tony Naples, Fla., prices are down by 15.5% this month and Hilton Head S.C. is experiencing similar trends with an asking price of 9.25% in January.  Other areas like Denver/Aurora/Broomfield, Colo., Dallas/Fort Worth/Arlington, Texas, Austin/Round Rock, Texas, San Francisco County and Charlotte/Gastonia/Concord are currently experiencing the housing crisis this year.