Obviously because of the global financial crisis, I've been hearing a lot about the US property market crash. I have a feeling something similar is waiting to happen in Australia so I would like to do my research and see exactly how this is happening.
I was wondering, is the decline in property prices uniform across like every location within the US? Is it only happening in certain states where as other states are unaffected? Are there places where the property prices are still rising? Is it like only outer suburban areas but like inner city locations are unaffected?
If anyone can point me to any sources for how exactly the property market has been affected, that would be much appreciated.