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I think I heard what I want to hear about housing prices?
Are housing prices in our area on the rise? Yes and no.  Based on our area's median sales price we are doing better than 2 years ago with the prices now at $170,000.  As you can see from the graph we are just now reaching the past prices of 2009.  I think what most people are misunderstanding in the media is 'my home is now increasing'.  That's maybe what 'you wanna' hear but it is not anywhere near reality.
  Prices are no longer decreasing and it makes a difference in each subdivision how prices are being impacted.  Live in a community where there are many first time home buyers or starter homes and you are definitely getting beat up with foreclosures pulling down the overall prices.   The more foreclosures in your area you can see this lowering effect with each one that pops on the market.  Banks want to get rid of properties quickly and only think of overall market time.  They want that 30 day price and that home under contract as soon as possible.  If your home is competing during that time with a foreclosure, buyers will gravitate to those foreclosures like bees to honey. Everyone wants that ... more

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