I saw a home on my local MLS a few moments ago that for some reason made me want to check to tax records and look at the history of the home.
The 1600 square foot home sold in 2004 for $151,990.
Fannie Mae bought it back this year for $130,000.
It’s now on the market for $104,900.
The 33 percent price drop is pretty indicative of the current values of homes in one neighborhood in my city. And it’s a really pretty house, to boot. Ouch.
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