2011-12-07doctorhousingbubble.com

"The west is taking a big hit in real estate over the last 12 months. Many states are down from 4 to 8 percent while some are down by over 8 percent. A map showing each state by y-o-y decrease is startling. This is compounded with the first round crash since 2006. Many areas will be going lower because household wages are weak. The jobs that are being added are lowering paying jobs that still cannot support inflated home values"



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