re: Top 10 cities where home prices are falling the most

The one that surprised me was Richmond, but after reading the article I get it. The upper priced houses hit the market but the lower priced ones did not because those homeowners couldn't afford to move up even with a bit more cash to spend. The other part is that realtors have started to price houses lower with the goal of bringing in more demand, knowing the will get $325k if a house is listed at $299k.

Median list pricing in the Richmond area is still $310k.