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May 05, 2008
How low will real estate go?
Though the national real estate market remains bleak--in some neighborhoods vacant homes outnumber those that are occupied and sellers are being forced to lower asking prices in a bid to lure bargain hunters--it's assumed that when housing dips to a point where buyers think it represents a bargain, they'll buy back in.
The problem is many of the markets that experienced steep 2007 price drops are still a long way from recovery.
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Posted by Jeff Brooks on May 5, 2008 04:15 PM | Permalink
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