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The drop appears to be very hit or miss. All the houses in my neighborhood (500+ homes) are selling at the same price I bought mine for a year ago. But condos have dropped from $300k+ to sub $200. Alot of the little towns around our area that had huge market hype last year are feeling the most hurt.
People still have money and will pay top dollar for the perfect home but the days of investors flipping junk for 300% profit are over.
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