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I think it will go down more, as an average across the country. The mid and east coast will continue to drop, and be what pulls the average down. Some bloated areas of Cali will drop but that's just needed.
The rest of the West is rocking. Yes, some house sizes and some areas are taking a hit, but lots of other areas are doing great and the value of the property is still going up.
Our house, been here over a year now. The value has went up a good bit. Houses here take less than 3 months on average to sell and either go for the list price or just a little more. If I would have purchased 8 miles away, it would take me 6 months to 1 year to sell.
As Noe said, some amazing deals for houses, all over. No reason not to invest if you just do a little research in a focused area.
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