Where Home Equity is Evaporating the Quickest (Map)

Forbes has compiled a list of 11 real estate markets with home values which are still declining quickly. Here is how they determined these areas:

Using data from Moody's Economy.com and Equifax, we measured the percentage of home equity--or the amount invested in the home, plus or minus any price appreciation or depreciation--relative to the home's current value in the country's 200 largest metropolitan statistical areas. We ranked metros based on data from the first quarter of this year. We also included numbers from 2006 and 2008 for reference.

Here are the markets:

1. Modesto, CA
2. Cape Coral-Fort Myers, FL
3. Phoenix-Mesa-Glenda, AZ
4. Las Vegas-Paradise, NV
5. Oxnard-Thousand Oaks-Ventura, CA
6. Stockton, CA
7. Merced, CA
8. Reno-Sparks, NV
9. Riverside-San Bernadino-Ontario, CA
10. Anchorage, AK
11. Bremerton-Silverdale, WA