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Current State of the Real Estate Market
A team of economists who created a variety of forecasting models
concludes that predictions of further large
housing price declines are greatly
overblown.
They point to the house price index of the
Office of Federal Housing Enterprise as most
reflective of reality. Its data reveals that
only four states —
Arizona,
California,
Florida,
and
Nevada
— have had declines of more than 4 percent
in home prices over the past year.
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