This chart shows the average "subprime" home value per state divided by the personal income for that state (per capita).
See Also:
Calculated Risk: JEC On Subprime Crisis
"The Subprime Lending Crisis"
"The Subprime Lending Crisis" v.2
Source Data:
JEC: The Subprime Lending Crisis
U.S. Census Bureau: State & County QuickFacts (2006)
BEA: State Quarterly Personal Income
average home value calculated using the 2006 Home Mortgage Disclousure Act (HMDA) data for subprime first-lien loans and loan-to-value ratios courtesy of the Center for Responsible Lending
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