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Working off a report from Zillow.com stating that 29 percent of homes in the Seattle-Tacoma-Bellevue area sold at a loss during the final months of 2008, Karen Gaudette and Justin Mayo of The Seattle Times extended the analysis and traced the depreciation trend back to 2005. They also compiled lists of the cities in Snohomish and King counties suffering most from the real estate market collapse.
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