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Providence, R.I., where values sank the most in the Northeast; Detroit, the hardest-hit market in the Midwest; and Port St. Lucie, Fla., the biggest loser of value in the South, have also suffered from their local market's slide.
To put it another way, Merced, the biggest loser of value in the West, and in the country as a whole, lost 45 percentage points more in value than the biggest loser in the Northeast, and 32 percentage points more than the biggest in the Midwest.
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Now let's look at one of the value losers.
Retailer House of Fraser was another loser, shedding 75percentnt of its value after a fall of 1.5p to 50.5p on the last day of the year, while Coats Viyella stood nearly 70percentnt weaker after yesterday's 0.25p gain to 28p.
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