03 Jun 2009

Not All States Are Equally Affected

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50 states’ changes in GDP, jobs, and home prices in 2008

The Atlantic
links a WSJ chart which it then graphs (above), showing the varied impact of the recession on all 50 states.

North Dakota, Wyoming, Alaska, Texas, Hawaii, and South Dakota all managed modest increases (1.9-.2%) in home prices, while California real estate insanity exacted a ferocious toll not only within its own borders (-25.5%), but also in the neighboring California refugee destinations of Nevada (-28.2%) and Arizona (-20.6). Florida, of course, traditionally always jumps on board any real estate collapse and also came in the top ranks of disaster (-24%).

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