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December 27, 2007

Richard Florida

Pop Pop

« Happiness and the City | Main | Turning Blue »

Schiller

Housing prices are down 6.7% for October - the largest decline ever recorded -  according to the new Case/ Shiller data. Only three metros remain positive - Charlotte, Seattle and Portland, Oregon. The hardest hit areas remain speculative markets like Miami and Tampa which lack real economies, Detroit which has suffered an economic body blow and San Diego. In these markets, especially South Florida and the Rustbelt, the carnage is far from over (Chart via Seeking Alpha).

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