not enjoy a little "local" flavour...
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First, is TTs city graph, which is interesting, except for Phoenix, which might be wrong.
Second, is the city graph showing U.S. the collapse, by city, over time.
Showing U.S. that while all cities are unequal
some were, and still are, more unequal than others.
The 3rd graph is a "time lapse" shot
showing how Seattle & Portland were "late to the party", but similar
but also where we are now seeing similar declines to LA and SD
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What is also interesting is the differences NOW between Phoenix and Lost Vegas.
Due to the limited supply of foreclosures, prices in Phoenix appear to have bottomed out or even started to rise.
While Lost Vegas is still falling.
However, Nev just adopted an anti-foreclosure law, which MIGHT stop the supply of new foreclosures.
Which might eliminate the bottom RE segment of all cash buyers buying the cheapest foreclosure homes.
Which might make Lost Vegas become "more like Phoenix" in the Spring.
WE will see.
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Case-Shiller: Seattle Home Prices Still Falling
http://seattlebubble.com/blog/
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