Chapter 6: The Geography of the Housing Downturn
The housing downturn that began in 2006 had distinct geographic patterns. From the end of 2005 to the end of 2009, median home prices decreased by more than 30% in five states: Nevada (down 49%), Florida (38%), Arizona (38%), California (37%) and Michigan (34%). Home prices fell between 10% and 22% in 12 other states […]