Taylor-Brown Real Estate Talks

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Did you know that only 30 years ago, a home’s average cost was $68,714? Even more interesting is that the average cost of that same home increased to $120,000 in 1989. Still yet more interesting is that the average home value in 2003 increased to an astounding amoun of $230,200. In 2006, the priced increased to $309,700.

However, by January 2010, the average home price decreased to $254,500.

With average home value increasing over the last 30 years, do you think that the average value of homes will continue to increase exponentially or decrease exponentially?

State your opinion in the comment section below.

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