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Why has the value of my house decreased so much

Why would the value of this house be down approx 23K this year, and other homes in the same area code are down approx 5K. I understand that the housing market has taken a hit but that seems a little much, or is the value of this area decreasing.
  • Question refers to 5701 Lorieville Ln, Richmond, VA 23225
  • September 17 2008
  • 0

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