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follow Patrick 2018 Apr 10, 4:27pm
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It’s not exactly usual for home values to be lower than they were two decades ago. One would expect 20 years of inflation alone would make home values higher by today. Not so for more than 180 cities in the US.According to data from Zillow, out of approximately 13,014 cities tracked by the site, 16 of them have seen values of single-family homes fall by $50,000 or more from Jan. 1998 to Jan. 2018. And nine of these cities saw values drop 25% or more.
One would expect 20 years of inflation alone would make home values higher by today.
Interesting. I wonder why New mexico -it is sunny and nice mountains and scenery?