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3. Honolulu, Hawaii

It wasn't just the mainland that was affected by the mortgage crisis -- Hawaii felt the pain, too. Currently, 10.5 percent of all mortgages in the state are in negative equity.

According to, median home sale prices in Honolulu fell 2.1 percent year-over-year to $426,000. That's less than the median asking price, which rose more than seven percent to $469,000.
(iStock Photo)

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