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I've just got a single simple question. I've been looking at some neighborhood comparisons and home appreciation rates stuck out to me. I'm not exactly sure how to even compare them.
The question is, if you have a hypothetical neighborhood where home appreciation rates are high, is it improving?
Neighborhood is undergoing massive transition as old "lifers" sell houses and new residents (willing / able to pay more) moving in
Lots of flip activities (flippers flipping to other flippers, even)...
Already "good" neighborhood attracting even more interest and rising further.
Very depressed neighborhood attracting a lot of speculation, and having some appreciation, but character of neighborhood itself not really changing (minority of rehabbers not enough to change entire neighborhood).
So.. yeah, I'd look at a lot of different factors, not just appreciation...
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