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When do you think housing prices will go back up?

Asked by miasmom (3495points) January 27th, 2009 from iPhone

I realize that housing prices are based on supply and demand and that we have a surplus with foreclosures, so I presume things won’t change much until the surplus is bought up, but when do you think that will happen in light of our economy? 1 year? 5 years? What do you think?

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