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The real estate market appears to be getting better. There is a small uptick in the more desirable areas of the housing sector; supply is not meeting the expectations of demand. This has increased values by five to ten percent depending on the location. Economist feel this is artificial inflation due to banks holding over 30 percent of their foreclosed properties.  It is estimated banks have only released 15 percent of their inventory and plan to liquidate a larger percentage in 2014.  This will increase the supply meeting the demand for property which will inevitably decrease home values.

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