The worst of the pain in the housing market might be now and in the next 6 to 9 months. After that, things will begin to feel ...

Home values continued to trend higher in November, according to the Zillow Home Value Index. However, after adjusting for inflation, real home values fell to their lowest level in nearly five years.

Based on Zillow's home price data and industry projections, the following Southern cities are expected to experience sharp price declines in the year ahead.