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2006 First Quarter Real Estate Market Update

Buy, sell or hold seem to be the biggestprices after years of bloat are keeping
worries of real estate investors in thebuyers sidelined to see where the
2006 residential real estate market.plateau will fall.
After solid double-digit appreciation in-Miami, Florida. Glutted inventories
many major markets the last five years,short-term, south Florida waiting for
investors see the brakes on growth inthe next batch of boomers. Many
2006. Where to go? Mark Nash real estateinvestors sitting on the sidelines.
author of 1001 Tips for Buying and-Minneapolis, Minnesota. Downtown new
Selling a Home and syndicated columnistconstruction saturated. First-time
for gives his report on the firstbuyers breathing life into market.
quarter of 2006.-New Jersey. This is state is one large
-Atlanta, Georgia. Rising inventoriesbedroom community, prices flat, the
could slow appreciation rates that havesold-in-five-hours days taking a
not matched other major markets.vacation.
-Austin, Texas. Good news here,-New York, New York. Market price
affordable housing prices attractingpressure building, but don't call it a
employers. Rising appreciation.buyers market. Sticker shock anyone?
-Boise, Idaho. New on real estate-Philadelphia, Pennsylvania. Weak job
investors radar, attracting scores ofgrowth projections. Flat appreciation
out-of-state buyers. Good profitexpectations.
prospects.-Phoenix, Arizona. Ignored in the boom,
-Boston, Massachusetts. Soft job market,now being discovered by investors. Most
falling prices and bloated inventories.cities here are bargain-priced.
-Chicago, Illinois. Recent national,-San Antonio, Texas. Waking from a
state and local statistics dispel bubblestagnant appreciation period. Good
trouble in conservative middle America.returns projected here.
-Dallas, Texas. Prices creeping upward,-San Diego, California. High
fueling investor interest.inventories, fiercely competitive
-Detroit,Michigan. Market impacted bysellers and declining prices.
soft auto industry and fears of-San Francisco, California. Greed factor
cutbacks.subsiding, weathering the storm, bidding
-Houston, Texas. Demand from Katrinawars are gone and could be saved by tech
transplants driving a strong market.industry emerging out of their bubble.
-Las Vegas,Nevada. Market returning to-Seattle, Washington. Good economy and
normal appreciation rates, demand stayslow inventories offer attractive
steady.appreciation gains in 2006.
-Los Angeles, California. Declining



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