My market is in decline. 

I have been declined for a mortgage because I don't pay rent.

It spit them out in this order.Detroit and Flint continue to decline in population though, so, looking at the data, personally I would stay away from those areas.

U will only lose money if you sell into a declining market. for buying there should be some opportunities arise..

You gain some flexibility to refinance down the road if and when rates decline. 

I am currently working at paying down some other debts and monitoring this possible decline in home prices.

The reason is that it's a different (often declining) market there.

hey guys, interestingly enough I just found out...that the property is listed at $11,900, and found out the area is a declining part of town.

How Do You Preserve Your Equity In a Declining MarketThat is the subject.John Corey

you dont raise the bid, 10 days later the house is still sittingas for short sales, again banks require a Min net based on a BPO they have on their books and if the asset manager smells you are looking for some discount or making some money, they decline the deal...It is just a system, so many monkey at very low level working these assets now these days that have no clue about leverage and velocity of the money.