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You’re listing cities that had low home prices, then dropped even further from 2008-2012. A home that sold for $120k in 2008 dropped to 60-70 and may be worth 7
by 1123581321 8y ago
You’re listing cities that had low home prices, then dropped even further from 2008-2012. A home that sold for $120k in 2008 dropped to 60-70 and may be worth 70-100 today. (I live in Rockford.)
- TomMckenny 8y agoYes, something other than population, jobs and zoning are determining housing prices. Even a $70k price is twice national average of a generation ago adjusted for inflation.
- 1123581321 8y agoI’ve read that’s caused by one-income households giving way to two-income. It’s a long-term trend separate from changes in the last ten years.
- TomMckenny 8y agoInteresting idea but dual income household numbers have been flat at about 65% since about 1990.