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As I read the newly released information from Zillow about property values I was once again reminded how crucial it is to be precise about what area you refer to when speaking about value trends. We start with: "California one of three states with largest losses in property values." Then we go to the supposedly local information: "San Francisco values down 13% from last year". But read on: San Francisco, Oakland and Fremont are all defined as the same area! If you're reading this from another state you cannot fully appreciate the absurdity of this collection of different markets being lumped
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