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Old 02-18-2012, 11:18 AM
 
910 posts, read 2,326,372 times
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...while Florida is still in top 10, surprised that Chicago and Detroit tops the market, and the data of activity was taken in January, while it's supposed to be COOOLD up there.

Most Popular Housing Markets - AOL Real Estate
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Old 02-18-2012, 01:33 PM
 
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Because the average price for a house in Detroit is $38000, LOL! You couldn't pay me enough to live up there. Meanwhile in January you can go fishing in the Gulf if you please.
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Old 02-18-2012, 05:55 PM
 
12,017 posts, read 14,294,058 times
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Originally Posted by **NoodLes** View Post
Because the average price for a house in Detroit is $38000, LOL! You couldn't pay me enough to live up there. Meanwhile in January you can go fishing in the Gulf if you please.
Yep. And some of those gems go for $1.
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Old 02-19-2012, 05:09 AM
 
27,067 posts, read 43,711,478 times
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Typically the hardest hit markets in real estate crashes are among the first to recover as they are seen as good investments (no where to go but up), hence Florida showing so strongly.
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Old 02-19-2012, 06:16 AM
 
12,017 posts, read 14,294,058 times
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Originally Posted by kyle19125 View Post
Typically the hardest hit markets in real estate crashes are among the first to recover as they are seen as good investments (no where to go but up), hence Florida showing so strongly.
Detroit is an exception. It is dealing with severe macro issues related to being dependent on a single industry for decades
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Old 02-19-2012, 07:51 AM
 
910 posts, read 2,326,372 times
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Quote:
Originally Posted by **NoodLes** View Post
Because the average price for a house in Detroit is $38000, LOL! You couldn't pay me enough to live up there. Meanwhile in January you can go fishing in the Gulf if you please.
The point I'm making is that a lot of people are investing in homes and/or moving to these areas despite the weather. Not everyone wants to go fishing in the Gulf in January, maybe a lot of them want to go snowboarding, skiing, ice fishing, or play hockey outdoors. Again, the stats say it all, activity in these areas were strongest in January...
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Old 02-19-2012, 07:52 AM
 
910 posts, read 2,326,372 times
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Originally Posted by kyle19125 View Post
Typically the hardest hit markets in real estate crashes are among the first to recover as they are seen as good investments (no where to go but up), hence Florida showing so strongly.
I don't mind this at all, especially when my house goes up on the market when it's time for me to move out of Florida.
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Old 02-19-2012, 11:55 AM
 
Location: Tampa, FL
3,237 posts, read 6,308,021 times
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Originally Posted by ngrome View Post
...while Florida is still in top 10, surprised that Chicago and Detroit tops the market, and the data of activity was taken in January, while it's supposed to be COOOLD up there.

Most Popular Housing Markets - AOL Real Estate
Move to Detroit then, let us know how it works out... lol
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Old 02-19-2012, 02:46 PM
 
Location: Niceville, FL
13,258 posts, read 22,783,104 times
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Looks like they randomly sampled 10 of the 20 largest housing markets and found something to say about each of them. Really no indication anywhere about methodology or how they made up their list. Wouldn't take anything from their list of rankings; it's just a fun excuse to say 'here are some pictures of very high dollar listings'.
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Old 02-19-2012, 08:07 PM
 
910 posts, read 2,326,372 times
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Originally Posted by crazynip View Post
Move to Detroit then, let us know how it works out... lol
I have a feeling Detroit will rebound eventually, Clint Eastwood said it would!
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