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Supply and Demand
When the supply of available
houses is greater than the supply of buyers, appreciation may slow and
prices may even fall, as happened in the early eighties and the early
to mid-nineties.
If you are lucky
enough to purchase a home during a slow period, you can be reasonably certain
the economy will begin to show strength again. At times, real estate
values may even surge drastically. In many regions of the country, this
is precisely what occurred in the late eighties and nineties.
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