States most affected by the real estate bubble crash

As most of you know, the real estate bubble has burst and it is still believed that the real estate market has not yet bottomed out as of 2010. The main reason for the deflating of the housing bubble was due to the large number of homes that were constructed and sold in the years 1997 – 2005. The number of houses increased dramatically as about 609,000 new single-family homes were sold during the year 1990-1995. Yet and astronomical 1,283,000 new single-family homes were sold in 2005.

Then as the degree of economic activity, which was produced a housing bubble that kept expanding in 2001–2003, as well as other factors (such a subprime loans, overspending, Pay Day will come and has come, job layoffs, etc.), the real estate/housing bubble begin to deflate and burst.

The areas most affected by this real estate crash are the ones that experienced the most construction of new houses and the most gains in new people moving to the areas the fastest. Many suburbs saw huge gains in home sales and increased residents as people moved away from expensive, overcrowded metropolitan areas.

States that are most affected by the real estate bubble crash, which is considered an economic bubble, are Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Hampshire, New Jersey, Ohio, Oregon, Rhode Island, Tennessee, Utah and Virginia.

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About Stephane Manos

Stephane Manos has developed several online companies. While working as an online entrepreneur, he fell in love with the sales aspect and recruited some of the best clients and affiliates the companies have ever had. The fun, he found was in building the connections and relationships. One of Stephane's top qualities is being able to motivate. He found a passion in motivating others which in return motivated him. Happy colleagues and clients would send word-of-mouth referrals and increase traffic to his online businesses. Teamwork is something that Stephane promotes. The focus is not on self or individuals but in working as a team to reach the same goals. It is his role as a leader to lead the team by example. Currently, his interest is in real estate investments and financial investments. He is now looking into emerging markets such as the Middle East. He also believes some of the better deals can be found in certain parts of the United States. Many distressed buyers are looking to liquidate. Developing new online businesses, purchasing commercial and residential real estate, and developing rentals has led him to travel around the world. Stephane Manos contributes a portion of his time and earnings to charitable associations and philanthropic groups. His charities are: -Children's Telethon -AHEPA brotherhood and Shriners -REVIVRE Bipolar Support Assocation
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