Housing boom markets often cause home buyers to disregard the importance of location and concentrate only on how much home and how many amenities they can get for the money. Although many media and data tracking sources will often cite national declines in median housing prices, a significant number of areas, or micro-markets, will simultaneously experience an increase in home values. They bypass those areas teeming with rental homes, bank owned foreclosures, and desperate owners and builders rapidly dropping sales prices to compete while driving down the neighborhood’s comparable home values in the process. Why [...]
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