Live within the central core of a city and the value of your home will not fall.
Live way out in the suburbs and watch the value of your home crash!
I bought just outside the suburbs in a semi-rural area last year...very desirable area, just 11 miles from the business distict of a 200K population city. 5+ acres, 2400 square foot house, shop building, etc. Bought for 185K, remodeled, just appraised at 230K.
The Mini McMansions in the developments are dropping the most.