Can you still get rich in real estate?
| To succeed in a tough market, you’ve got to change your strategy. MONEY found owners, sellers and buyers making smart moves in three very different markets. |
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That doesn’t mean, however, that real estate is about to crash across the United States. First, if you live someplace that hasn’t gone wild - think Atlanta or Philadelphia or just about anywhere in the Midwest or Texas - you’ll see slower rates of increase, but losses aren’t likely. “There are sizable parts of the nation’s housing market that will be just fine,” says Zandi. Second, a strong economy and job growth should hasten a return to a normal housing market in which prices rise just a bit faster than inflation. Since World War II, notes Stiff, the housing market and the economy have moved largely in sync.
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