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Home sales to hit bottom in another year
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Sales of houses have decreased and are experiencing a 4 year low. As per the National Association of Realtors, the median price has also taken a dive for the tenth month now. Homeowners are experiencing a very bad situation as they would have to...
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There seems to be a lot of predictions going around about the state of the housing market, and the best indicator of where the actual prices should be in historical values is about 5X the median income for the area. If home prices are below that range, then it may possibly be a good time to buy, but if the prices exceeds this then there may some room for prices to drop.
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