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Glendale Home Values

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Glendale Home Values

The 1.14% absorption rate reflects what an unbalanced real estate environment it is for Glendale home buyers.  Glendale homes are selling quickly and most over asking price.  Here’s a link to a recent article in the Wall Street Journal about why buying a home this year will be more difficult than ever.

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Average Price Per Foot of Glendale Home Sales

The sharp drop in real estate values in 2011 vs. 2010 is attributed to the $8,000 federal tax credit which expired in June of 2010.  This tax credit put first time home buyers in a feeding frenzy which cooled once the tax credit expired. Keep current on home values in your neighborhood @ www.LA-HomeValues.com

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