We're Number 1! We're Number 1!

Finally, the day has come.

According to another great post from Dr. Housing Bubble, Long Beach has finally claimed its #1 spot:

That's right, kids. 90813 in LB has claimed the top spot in year-over-year price declines (-65% since 6/2007). In your face, Pasadena!

Congratulations on your profound accomplishment, Long Beach. Go ahead and take a victory lap...you earned it.