FORT MYERS, FL—Florida has only one city listed in Housing Predictors’ Worst Housing Markets Forecast 2012, and the Southeast has a total of only four on the top 25 list. The Southeast cities the index predicts will suffer from the worst housing markets this year are Greenville, SC at seventh (with a 7.5% projected depreciation), Fort Myers at 15th (6.8%), Columbia, SC at 16 (6.8%) and Atlanta at 19th (6.7%).

Leading the dubious pack on a national basis is Las Vegas (which logged an 8.4% projected depreciation), followed by Wilmington, DE and Hilo, HI (both of which tied at 8.2%). Rounding out the top five are Jackson, MS (7.8%) and Kauai, HI (7.6%).

“The good news is that deflation is not as great as it has been in the past two years in the worst 25 markets, which at least a step in the right direction,” Mike Colpitts, editor of Housing Predictor, tells GlobeSt.com. “There are so many markets that are not going to see appreciation for the next 10 to 15 years. But at least things are going to slowly get better.”