So how does this micro-market phenomenon repeatedly occur with each turn of the realestate cycle? As if the old adage of “location, location, location” needs to be repeated ad infinitum, prospective home buyers will attempt to reduce the stress and confusion associated with home shopping by focusing solely on the amenities offered in each home. Why worry about location when housing values will undoubtedly continue to increase in every neighborhood? Although many media and data tracking sources will often cite national declines in median housing prices, a significant number of areas, or micro-markets, will [...]
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