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Are We Close to the Bottom?

The chart above shows the index levels for the 10-City and 20-City Composite Indices. (source Case-Shiller,  read full report, see raw data). As of February 2009, average home prices across the United States are at similar levels to where they were in the third quarter of 2003.

Today’s prices are lining up well with the long term historic price increase (inflation +2%) of the real estate market 

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    Posted by on May 6th, 2009 and filed under Featured Articles, Housing. You can follow any responses to this entry through the RSS 2.0. You can leave a response via following comment form or trackback to this entry from your site

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