And the media is always 6 months late with the market trends......... Posted this week in Time...Postcard: Elk Grove
Over the past six months, investors and first-time home buyers have moved in, snapping up homes now priced at less than $250,000......The last residence we see on our tour is a 2,067-sq.-ft. (192 sq m) A-frame with four bedrooms and three baths for $282,000, down from $510,000 in February 2006. By the time we get back to the agent's office, it has 12 offers.
OPINIONS ON THE MARKET......
The Housing Crisis Is Over(WSJ.com)
VS....
The Housing Crisis is NOT Over (SeekingAlpha.com)
What is your opinion????????????
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