Home prices continue to drop in U.S.

(WXYZ) - A new report out today shows home prices continue to drop in the U.S., with Metro Detroit being the hardest hit market in the country.

According to Clear Capital , home values in our area dropped nearly 12% over the last year. Quarter-over-quarter losses were 15.5%

Nationally, year-over-year home prices lost 2.6% and quarter-over-quarter home prices declined 1.6%.

Worst Performing Markets

1. Detroit, MI - Warren, MI - Livonia, MI   
2. Milwaukee, WI - Waukesha, WI - West Allis, WI
3. Atlanta, GA - Sandy Springs, GA – Marietta, GA
4. Memphis, TN  
5. Philadelphia, PA - Camden, NJ – Wilmington, DE
6. Dayton, OH   
7. Cleveland, OH - Elyria, OH - Mentor, OH  
8. Seattle, WA - Tacoma, WA - Bellevue, WA 
9. Nashville, TN - Davidson, TN - Murfreesboro, TN
10. Chicago, IL - Naperville, IL - Joliet, IL

Best Performing Markets

1. Birmingham, AL - Hoover, AL                 
2. Phoenix, AZ - Mesa, AZ - Scottsdale, AZ    
3. Washington, DC - Arlington, VA - Alexandria, VA
4. Denver, CO - Aurora, CO                        
5. Orlando, FL                                
6. Houston, TX - Baytown, TX - Sugar Land, TX  
7. Fresno, CA                                  
8. Dallas, TX - Fort Worth, TX - Arlington, TX
9. Minneapolis, MN - St. Paul, MN - Bloomington, WI
10. Pittsburgh, PA    

CLICK HERE to read the entire report