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Real estate in 2013: A more selective market

Posted on 21 December 2012

After several substandard years of performance, the real estate market finally came back to life in 2012. And while still not exactly healthy yet, the sector should keep building on this nascent momentum off the bottom — albeit slowly — into 2013.
As 2012 ends, it’s apparent that the positives have outweighed the negatives. This year saw the continuation of historically low interest rates and selling prices 35% to 60% below the inflated levels of 2006. This combo turned 2012 into a buyer’s market once more, with inventories of distressed sales shrinking from previously elevated levels, and median housing prices up nationwide from year-ago figures………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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