Look closely at the graph at the right. Do you see the peak housing prices? June 2005? That peak corresponds precisely to when we bought our home. How is that for some bad luck? The For-Sale signs are now so thick in our neighborhood it looks like a veritable forrest of signs. The prices for homes in the midwest were never inflated, it seemed, like they were elsewhere. And yet, the housing crash seems to be hitting the midwest as hard as anybody. Go figure.
1 comment:
The big frustration in Utah is that home values are still way overinflated. Wait, isn't that a good thing... Not if you have no intention of moving and your Property Tax keeps going up. Ours is up almost $300 dollars from the time we bought our house in 01'. The joys of owning a home!
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