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We need Jobs.
From a buyers perspective it's a great time to invest at this very moment. From a sellers standpoint, it's going to take a continuing inprovement in the employment sector. As unemployed consumers begin to gain full-time respectful employment in their professions and become stable enough to pay their mortgages...the number of distresses sales should begin to be less of a negative factor on sales prices.
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For Sale: $25,000
For Sale: $87,900
For Sale: $69,900