haircut

[winewiskeywomen]

i haven't written on the economy/housing for a month, nothing new. Unemployment keeps rising and home prices keep falling. Here in the Coronado Historic District home prices have dropped to 1/2-1/3 of what they were just a few years ago, while in the Garfield District they've dropped even more.
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In the Coronado-
2322 N EDGEMERE ST
PHOENIX, AZ 85006
Week Ending Price
05/29/2009 $70,500
10/14/2005 $222,000
Source: Information Market
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1106 E OAK ST
PHOENIX, AZ 85006
Week Ending Price
05/15/2009 $39,000
11/13/2006 $177,000
Source: Information Market
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In the Garfield
913 N 9TH ST
PHOENIX, AZ 85006
Week Ending Price
05/29/2009 $38,000
04/25/2008 $212,000
09/07/2001 $89,000
Source: Information Market
the above looks suspicious to me; in 2008 the crash was well under way.
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1134 E GARFIELD ST
PHOENIX, AZ 85006
Week Ending Price
04/14/2009 $30,000
12/28/2005 $195,000
Source: Information Market
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Unemployment is nearly 10%; high unemployment and high numbers of foreclosures will continue to drive housing prices even lower.