We have seen endless deconstruction over why certain states go for Obama, and others go for Clinton. Some seem reasonable and some seem downright silly. However, I have seen no acknowledgement of the apparent relationship between the housing bubble and vote totals. Voting is now complete in 6 of the 7 states where the housing bubble is concentrated, and all have gone for Clinton - by large margins.
Ground zero in the housing debacle is California, followed closely by Florida. Then you have Nevada (w/ major problems in Las Vegas), and Arizona (with all the foreclosures in Phoenix metro). You would also have to include the Boston Metro area in that group, followed closely by New York. In fact, if you take out FL, CA, Phoenix metro, Vegas metro, Boston metro, NY, and Northern Virginia (NOVA), you do not have a housing bubble at all.
This is not to say that other areas aren’t having major housing problems, because they are. In fact, some areas like Atlanta and Cleveland are showing a major spike in foreclosures, and these are due to a variety of reasons ranging from oversupply (Atlanta) to a weak economy (Ohio), and predatory lending, etc. However, most of the banks/finance companies will tell you that the bulk of their "at risk" mortgage portfolios are concentrated in these 7 areas. Prices in these 7 "bubble zones" are expected to fall by 35% or more before leveling out.
While it is probably anecdotal, it is fascinating nonetheless. It will be interesting to see how NOVA goes next week.