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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: patron_anejo_por_favor who wrote (223069)2/21/2003 7:57:41 AM
From: Oblomov  Read Replies (1) of 436258
 
Here in Indiana, we have the highest foreclosure rate in the US (something between 2 and 3 per cent, and on the order of 10 per cent for VA/FHA), and housing prices are flat or slightly up this year over last, at least in my neighborhood. My neighborhood is urban, and is about 10-15 years into the process of re-gentrification. A lot of the houses here are owned outright or are paid for in cash. I think that defaults and foreclosures influence prices on a block-by-block basis rather than statewide or nationwide. In any case, the RE market here does not have the spectacular peaks and valleys of the coastal urban markets.
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