I only know San Diego California. Here the market hit it's peek in the Summer of 2005! Plus, the MAJORITY of the mortages for the last three years have been 100% loans, many interest only!
There is a real estate broker in San Diego who has published some great 'insider' articles on this topic, his name is Bob Schwartz and you can find the articles at:
http://www.downtown-san-diego-real-e...icle-index.htm