Bargain Market #1: Stockton, CA Inland California cities seem to be most affected by the housing market crumble. Stockton home prices, for instance, have plummeted a whopping 40 percent. But the good news is that the city's proximity to San Francisco and Sacramento give it an advantage and will help it rebound in the future.

Bargain Market #2: Naples, FL Known for its artsy side and the natural wonder of the nearby Everglades, Naples was a vacation destination overrun with real estate investors during boom time. Prices plummeted nearly 33 percent over the past year, offering new buying opportunities for people looking to move to the beach.

Bargain Market #3: Las Vegas, NV Eager developers and investors flocked to Sin City looking to cash in big on the real estate boom. The risk didn't necessarily pay off, as prices have plunged more than 32 percent since last year. The city is consistently ranked as a top foreclosure market, making it a prime bargain area.

Bargain Market #4: Ft. Lauderdale, FL In spite of its reputation as a spring break party spot, Ft. Lauderdale has redefined itself as a pedestrian-friendly community offering a mix of laid-back neighborhoods with trendy shopping and nightlife. Prices have fallen 26 percent since last year, giving way to newcomers seeking a lively lifestyle.

Bargain Market #5: Miami, FL The heat is on in Miami where home values have decreased 24 percent over the past year. New home buyers in this Florida burg won't have to shell out as much cash to enjoy tropical weather, beautiful beaches and legendary nightlife year-round.

Bargain Market #6: Napa, CA Not unlike other vacation destinations, Napa saw a surge in speculative buying that inflated real estate prices. Now buyers can find homes -- even multi-million-dollar properties -- in beautiful wine country selling for 20 percent less than last year.

Bargain Market #7: Phoenix, AZ The Valley of the Sun is teeming with potential bargains, with home prices down 19 percent year-over-year. Stretched-thin investors in the Phoenix market may be willing to negotiate good deals. Homebuyers who can appreciate this rugged Southwest region can choose from many diverse neighborhoods.

Bargain Market #8: San Diego, CA Year-round sun, sand and surf make this Southern California destination a real gem. But with home prices down 18 percent over the past year, great deals are just waiting to be scooped up in this once super-hot market.

Bargain Market #9: Detroit, MI Recent job-loss-fueled foreclosures have driven home prices down 16 percent in this Midwestern metropolis. But Detroit is committed to restoration and revitalization and offers a nice mix of historic districts and new developments.

Bargain Market #10: Washington, D.C. The District of Columbia metro area -- which includes nearby commuter cities in Virginia, Maryland and West Virginia -- should be on the hot list for bargain-seeking homebuyers. The area has a low unemployment rate and boasts unique cultural opportunities. With home prices down 12 percent, this may be the time to buy in the nation's capital.

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