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March 14th, 2008 10:51 AM

The Difference A Zip Code Can Make

Real estate is local

There is no such thing as a "national real estate market". 

Real estate is local.

We know this is true because even cities don't have their own real estate market.

This chart shows how home prices have diverged across adjacent zip codes over the last 12 months.

Some influencing factors:

  • School systems
  • Infrastructure
  • Proximity
  • Supply of homes

Stories about "The U.S. Real Estate Market" are irrelevant.  In each city in America -- and on a street by street level -- real estate markets can be vastly different.

(Image courtesy: Wall Street Journal)

Posted by Bill Murphy on March 14th, 2008 10:51 AMPost a Comment (0)

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