Many cities across the United States continue to get hit hard by the housing crisis and the increasingly poor economy. Yet, several cities have managed to stay afloat while many continue to sink. California has seen most of the worst of the foreclosure side and the decreasing value of property. Nevada isn’t too far behind. New York has begun to see some of it worst numbers while Philadelphia has managed to come out ahead selling more homes than in previous months.

Philadelphia, Pennsylvania has increased house sales largely due to its plummeting prices. The city sold the most homes in past months than any other city in the country. New York recently started seeing some really bad news. The home sales dropped almost 25 percent and home prices fell 5 percent compared to the first quarter of the year.

Sacramento, California has been hit the hardest in the U.S. They have seen house prices drop more than 35 percent from the previous year and still struggle to sell property. Miami which has also faced many foreclosures dropped in house sales by 23 percent.

Las Vegas, Nevada median price for a home dropped almost 24 percent from the previous year. Washington fell almost 17 percent in house prices while Chicago fell 9 percent.

The large problems come from banks refusing many loans to the average income family that is trying to cash in on a good deal. With the slightest flaw in a borrower’s credit and/or income a bank will turn away a loan opportunity. Every financial institution refuses to take risks on a borrower that has the smallest possibility of not being able to pay the monthly mortgage.