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Friday, November 10, 2006

Steady Growth over Long Term

According to GMU Center for Regional analyze John McClain & Lisa Fowler home owners in the Washington DC area can expect increase in their homes' value.
In the past 30 years, homes have had a yearly average home price appreciation of 7%.
The prediction is that in the Spring housing prices will resume their price appreciation. The average price of homes doubles every 10 years and every 9yrs in DC metro area.
NVAR Realtor Update, November 2006


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