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Home Price Increases Accelerated in October

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  • Mike Schmidt | | 09 Nov 2012, 04:01 PM Agree 0
    Location, location, etc. Here in the Midwest, not the big increases, per normal. Anyway, I'd rather take the 30,000-foot view. Still feeling the effects of overcorrection of the housing bubble. Short sales have lessened the shadow inventory of distressed properties still to hit the market, so I don't think we have seen bottom yet. Opportunity still abounds, especially for those interested in purchases of single family homes as rental income properties. Distressed homeowners want homes to stay in while credit is rebuilt, not apartments.
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