While the average 40-hour monkey has seen his or her home value drop in the past 12 months, those of you in Phoenix Arizona may have more reason to cry uncontrollably.
August home price data was released and the great citizens of Phoenix Arizona have been hardest hit.
According to CNN.com:
The hardest hit of all 20 cities on a year-over-year basis was Phoenix, where prices plummeted 30.7% during the past 12 months.
What’s going on in Phoenix real estate?
“Now we’re paying the price,” said Joan Dodd, 36-year Phoenix real estate veteran.
