This can be a confusing graph...
Keep in mind there is a 10-city line and a 20-city line.
Las Vegas is part of the 20-city composite.
Also, the graph is charting the percentage of change over the previous year.
You can see from 2005 to 2009 we had a huge swing from
15% in growth to a 17% decline.
For many home owners, depending on when they purchased,
that was over 50% of their homes value.
The good news is that many people are getting some of that equity back.
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