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2. Detroit, Michigan

Detroit has closed schools and laid off police in an effort to avoid a bankruptcy filing this year. Home prices are down 54% the past three years, worst in the U.S. The median price was $38,000 last year in the Detroit-Livonia-Dearborn metro division.

(AP Photo)

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America's Most Overpriced Cities

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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