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First of all, there is no such thing as a "national real estate market." All markets are much more local. Most experts agree, though, that the real estate markets throughout the US (with some exceptions) bottomed out in the 4th Quarter of 2006. However, there has not been much of a recovery yet; inventories are still high and prices are still soft.The NAR reported that transactions were down only 9% in the 3 Quarter of 2006. This number is suspect because most other sources, including Realogy and Real Trends reported a 16 to 18% drop. The average should be somewhere in … (1 comments)
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