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10 US metros with largest drops in real estate values

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Editor's note: This article is based on data compiled by Zillow, using the Zillow Home Value Index. The top 10 U.S. metro areas with the greatest year-over-year median home-value declines, by percentage, from October 2010 to October 2011, were conspicuously clustered in two regions, according to data from online real estate site Zillow.The 10 metro areas, clumped in the Southeast and the far West, declined an average of 13.4 percent, from No. 1 Gainesville, Fla.'s 17.2 percent drop to an 11.8 percent decline for No. 10 Reno, Nev. The chart-topping Gainesville, Fla., metro area's 17.2 percent decline settled the area's median home value to $111,300 in that timespan.Just 40 miles away, the Ocala, Fla., metro area, No. 7 on the top 10 list, showed a 12.7 percent decline in median home value, to $85,200. Nearby, Atlanta and Mobile, Ala., rounded out the Southeast metros on the list at No. 2 and No. 5, respectively.The far West portion of the top 10 features six metros in a Pacific-le...