"The overhang is a dark specter over the housing market," says Sam A. Khater, senior economist at First American CoreLogic.

美国资深经济师Sam A. Khater说道：“这种状况是房地产市场的黑夜幽灵”。

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And the median selling price for a home stood at a paltry $7,100 as of July, according to First American CoreLogic Inc., a real-estate research firm -- down from $73,000 three years earlier.

地产研究公司First American CoreLogic的数据显示，今年7月底特律房屋的售价中值仅是可怜的7100美元（即最高房价和最低房价的中间值），而3年前则是7.3万美元。

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In the case of absent year-over-year sales price changes, there were certain historical pricing data that were incomplete or that First American CoreLogic deemed unreliable.

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And many borrowers are facing painful payment hikes: According to a First American CoreLogic study, one-third of ARMs taken out between 2004 and 2006 began with "teaser" rates below 4 percent.

NPR: Mass. Homeowners Rally Against Foreclosures

We based our rankings on the median home sales prices between July 2007 and June 2008 for each ZIP, as collected by First American CoreLogic, a national real estate data collection and research firm that tracks over 150 million parcels in over 3, 000 counties, amounting to 99% of all real estate transactions.

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