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Here’s an article from the AP that now reads “S&P index shows plunge in November home prices“, though when I found it yesterday the headline was “S&P index shows posts sharpest decline in home prices on record”! I think you’ll agree the latter is a bit more eye catching, if not dramatic. The point is though, that [...] Las Vegas, of all places, is seeing an increase in home sales! This is a good sign, because Vegas was one of the hardest hit when the bubble burst. Since last year, home sales have risen 15%. The flip side of this coin is that the home prices have fallen 28%. Ouch! But this is all part [...] WE SOLD OUR HOME! Words cannot express the joy and relief my wife and I feel. We were certain we would sell our home in time (by following the points laid out in this post), but we were getting very tired of the disruption to our life from numerous showings. In the end, our home was on [...] The blindingly hot seller’s market of 2006 is over. That market has burned itself out and been shoveled off to the ash heap of history. If you’re thinking of selling your home in the current market, you need to look forward not back. Real estate is cyclical. Seller’s markets come, and the fall by the [...] |
 
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