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Updated over 16 years ago,
CS Index post average 15.8% drop in home prices
Check out the article on cnn money.
http://money.cnn.com/2008/07/28/real_estate/another_home_price_dip/index.htm?cnn=yes
Amazing stuff. Makes me want to buy buy buy. Not one market had appreciation. The closest was Charlotte with -0.2%.
I think I might print the article out and keep it with me to hand to Realtors and sellers that I meet with.
-Michael